Category: Daily Finance

Nakornthon Hospital PCL (SET: NKT) in First Trading Day on SET

Nakornthon Hospital Public Company Limited (SET: NKT) inaugurated its first day of trading on the Stock Exchange of Thailand (SET) with the resolve to proceed with the business plan to invest in three major projects including: “Nakornthon 2 Hospital” with the vision to expand its services to patients insured under the Social Security Fund; “Nakornthon Long Life Center” designed to serve as a holistic care center for the elderly and individuals requiring long-term care ; and, Project to increase the number of beds at Nakornthon Hospital by another 110 beds to total 260 beds, so as to expand the scope of patient services and to boost the Company’s growth potential.

Assoc. Prof. Yandhet Thongsima, President of Nakornthon Hospital Public Company Limited (NKT), revealed that once the Company became officially listed and began trading on the Stock Exchange of Thailand (SET) under the abbreviation NKT today (December 20, 2024), the Company will focus on expanding its investment according to the business plan and operating according to the Company’s strategy in order to become “one of the country’s leading hospitals”. Currently, the Company is in the process of expanding and leveraging its investment in three core projects to boost its growth potential through the expansion of the scope of patient services at Nakornthon Hospital as well as constructing a new branch hospital. These three core projects are:

1) “Nakornthon 2 Hospital” on Ekachai Road, with a capacity of 151 beds, is expected to carry related capital expenses of approximately 900 million baht, and will initially provide services to self-paying patients. The new hospital is expected to start recognizing revenue within 2025. After this initial phase, the Company will apply for authorization to serve as a Social Security Fund hospital in early 2026 and is expected to start providing medical services to insured persons under the SSF scheme within 2027.

2) “Nakornthon Long Life Center project which will be located in the vicinity of Nakornthon Hospital. This center will serve as a holistic care center for the elderly and individuals requiring long-term care. The expected capital expenditure for this project will be approximately 557 million baht. The center is anticipated to commence operations in 2026, and:

3) The project is to increase the number of beds in service at Nakornthon Hospital by another 110 beds from the current 150 beds to total 260 beds. The expected capital expenditure for this project will be approximately 414 million baht. The additional beds are expected to be made available to patients gradually from 2025 to 2027.

Currently, all three projects are progressing according to plan.

Meanwhile, Nakornthon Hospital, with its location on Rama 2 Road, is the main source of revenue for the company. The hospital has the potential to grow continuously due to its prime location that is potentially destined to be a “New Urbanized District” of Bangkok in the foreseeable future. This fact is due to the zone being one of Bangkok’s prime residential areas with numerous facilities and amenities, including Rama 2 Road, which is the main artery leading out to the West of Bangkok and all the way down to southernmost provinces of Thailand and beyond. Furthermore, the area also connects seamlessly to Bangkok’s central business districts (CBDs) via the Expressway and continuously develops its transportation network infrastructure by the government.

Currently, the district is the site of many horizontal housing projects, schools, department stores, community malls, markets and supermarkets. In addition, Nakornthon Hospital is located close to important government offices such as the Bang Khun Thian District Office and the Bang Khun Thian Branch of the Bangkok Metropolitan Administration’s Land Office.

Dr. Wisan Saipetch, Chief Executive Officer of Nakornthon Hospital Public Company Limited, said that Nakornthon Hospital is currently one of the leading hospitals in western Bangkok with the ability to treat complicated illnesses as a tertiary hospital, while most other tertiary hospitals are concentrated in the eastern part of Bangkok. Nakornthon Hospital consists of 20 specialized treatment centers, such as the Neurology Center, Heart Center, Gastrointestinal and Liver Center, Spine Center, Cancer Center, Dental Center, among others. Additionally, the hospital has one patient care department, namely the Hemodialysis Department.

The Company has formulated a growth strategy consisting of:

1) Determining to become one of Thailand’s leading hospitals.

2) Continuing to develop service quality with expert personnel and medical teams.

3) Leveraging technology to enhance organizational management and efficiency.

4) Expanding the scope of services through the cooperation with leading partners.

5) Leveraging the strength of the brand image and further developing trust and confidence among service users.

6) Expanding the business through the network of hospitals and other health-related businesses, and,

7) Expanding services to foreign service recipients through the appointment of a marketing representative in Myanmar to be the focus of communication with the target group and people who are interested in receiving medical treatments, so that they can travel to Nakornthon Hospital in Thailand to receive treatments more conveniently. Similar foreign market incursions are also in the expansion stage for Cambodia and Bangladesh.

Mr. Yossavee Suttikulpanich, Head of Primary Markets Distribution Division, Investment Banking and Capital Market Function, Siam Commercial Bank Pcl., as a joint financial advisor and representative of InnovestX Securities Co., Ltd., a joint lead underwriter, said that Nakornthon Hospital Pcl. has shown good growth potential due to a combination of strengths, such as being able to provide treatment for both general and complex illnesses, its location in the Rama 2 area which has the potential to become one of Bangkok’s future new developments, cooperation with leading partners to establish a medical center to increase service capability, its large customer base, etc. In addition, the recent IPO offering has been very successful, while its listing on the Stock Exchange of Thailand will help strengthen its financial position to support further business expansions.

Mr. Kongsith Hunchangsith, Deputy Managing Director, Investment Banking Department 1, Trinity Securities Co., Ltd., as a joint financial advisor and joint  lead underwriter, said that the recent IPO offering of Nakornthon Hospital Pcl. at the final offering price of 7.80 baht, totaling 1,053 million baht, was well-received by investors due to the strengths of Nakornthon Hospital as one of the leading hospitals in the western part of Bangkok. Moreover, the hospital has a solid plan to expand its international patient base along with the plan to expand its marketing to international customers, as well as further investment to increase the number of beds at Nakornthon Hospital and the constructing new projects. At the same time, the Company’s 2021-2023 performance showed a revenue increase from 1,551.67 million baht to 2,036.89 million baht with an average growth rate (CAGR) of 14.57 percent per annum, and a net profit increase from 183.24 million baht to 282.29 million baht with an average growth rate (CAGR) of 24.12 percent per annum, as a result of the increase in revenue from hospital operations, which was the main proportion of revenue, coupled with the efficient cost and expense management. As for the operating results for the first nine months of 2024, the total revenue was 1,521.34 million baht and the net profit was 190.38 million baht.

Released by Public Relations Dept., MT Multimedia Co., Ltd. for Nakornthon Hospital Pcl.

For additional information, please contact:
PR Manager Thiyaporn “Dah” Sriadunphan
Mobile: +66 (0) 87 556 6974; Email: thiyaporn.s@mtmultimedia.com

Nakornthon Hospital PCL (SET: NKT) https://en.nakornthon.com/home 

The finest places to live, work, and thrive in Asia are celebrated at the 19th PropertyGuru Asia Property Awards Grand Final

The 19th Annual PropertyGuru Asia Property Awards Grand Final, supported by V-ZUG Thailand, today revealed the region’s finest real estate and outstanding developers at The Athenee Hotel, a Luxury Collection Hotel, Bangkok.

The conclusion of the 2024 PropertyGuru Asia Property Awards series hosted over 130 award-winning finalists from across Asia, elevating their achievements on the international stage.

Zhuhai Huafa Properties Co., Ltd. was honoured as the Best Developer in Asia

Zhuhai Huafa Properties Co., Ltd. was honoured as the Best Developer in Asia—a first for the company.

This marked one of five wins for companies representing Mainland China. Winners from Mainland China included Lead8, awarded for its projects MixC Changchun and K11 Shanghai, Huaihai Middle Road. Other winning design practices were Jiang & Associates Creative Design, which won for ALIBABA BEIJING CHAOYANG SCIENCE & TECHNOLOGY PARK, and Sybarite, which won for SKP Chengdu.

Developers from Hong Kong and Macau also excelled with four winning titles. Winners included China Resources Land (Overseas) Limited and Poly Property (Hong Kong) Co., Limited, winning for PANO HARBOUR; Lek Hang Group for Hotel Central Macau; Lofter Group Limited for 1 Ki Lung Street; and New Orient Group for San Tung Fong Commerical Inn North Wing (Former LokKok Restaurant Building).

The Philippines emerged as the most awarded market with 12 accolades. Federal Land, Inc. stood out as Best Luxury Developer (Asia), accompanied by a win for Riverpark, while Federal Land NRE Global, Inc. gained the Best Breakthrough Developer (Asia) title. Aboitiz InfraCapital Economic Estates was honoured as Best Industrial Developer (Asia), supported by a win for LIMA Estate.

Adding to the Philippines’ impressive tally were titles for RLC Residences, winning for The Residences at The Westin Manila; Robinsons Offices for GBF Center 1; and work.able for work.able Robinsons Summit Center. Alveo Land won for Viento at Cerca while Sunshine Fort North Bonifacio Realty Development Corporation won for MITSUKOSHI BGC.

PropertyGuru Icon Award was presented to Henry T. Sy, Jr., non-executive director and chairman of the board at SM Prime Holdings

The Estate Makati—a collaboration between SM Development Corporation (SMDC) and Federal Land—received two titles. This year’s PropertyGuru Icon Award was presented to Henry T. Sy, Jr., non-executive director and chairman of the board at SM Prime Holdings, by the editorial team of Property Report by PropertyGuru, the official magazine of the Awards.

A wide array of companies from Malaysia triumphed with 11 wins. They included Bangsar Heights Pavilion, winning for Quayside JBCC; Berinda Group for Ponderosa Callista; City Motors Group for Alfa Bangsar; Eupe Corporation Berhad for Helix2 @ PJ South; Gunung Impian Development Sdn Bhd for Iconia Garden Residence; Iskandar Investment Berhad for Medini Innopolis; JLand Group Sdn Bhd for Sanubari @ Bandar Dato Onn; Malton Berhad for The Park 2 Pavilion Bukit Jalil; Sime Darby Property Berhad for Serenia Industrial Park; Tropicana Corporation Berhad for Avisa Residences, Tropicana Alam; and Triterra Sdn Bhd for The MET Corporate Towers.

Indonesia celebrated eight wins, led by Paramount Land, winner of the Best Township Developer (Asia) title. Sinar Mas Land garnered multiple titles for BSD City and Biomedical Campus, as well as its joint ventures: Greenland International Industrial Center (GIIC) at Kota Deltamas by JV Sinar Mas Land & Sojitz Corporation and Navapark by PT. Bumi Parama Wisesa, Hongkong Land & Sinar Mas Land J/V.

Other victorious developers from Indonesia were DM Projects Group, winning for Salty Jim Villa; PT Adhi Commuter Properti Tbk. for LRT City Cibubur; and Summarecon Group for Flora at Summarecon Bandung

Singapore continued its winning streak with eight wins. UOL Group Limited was recognised as both Best Sustainable Developer (Asia) and Best Hospitality Developer (Asia), with Meyer Blue winning an award for both UOL Group Limited and Singapore Land Group Limited. Pan Pacific Orchard meanwhile yielded a win for both UOL Group Limited and Pan Pacific Hotels Group.

Similarly, GuocoLand and Hong Leong Holdings Limited jointly won for Lentor Mansion. TID Pte. Ltd. won Best Lifestyle Developer (Asia), alongside a win for Lentoria, while FRX Capital Private Limited was named Best Boutique Developer (Asia).

Australia also garnered seven wins, three of which went to BLVD by OSK Property. Other champions included BHC Property, winning for Mercer; FY Property, Kooringa Group, MA Financial, CPDM for Chatswood Garden; Golden Sedayu for Burswood Point; and Jean Yip Developments for Elements at Carousel.

Thailand earned four titles, with Sansiri Public Company Limited winning for BuGaan Pattanakarn and Narasiri Phahol-Watcharapol. AP (Thailand) Public Company Limited also represented the kingdom with a win for The City Rama5-Nakhon In while APAC Land won for APAC Tower.

Also claiming four titles, Vietnam emerged victorious with Phu Long Real Estates Corporation named as

Best Community Developer (Asia). Gamuda Land won two titles for Eaton Park while Ecopark scored a win for Ecovillage Saigon River.

From Japan, Niseko Woodlands Limited won for Grand Tsuru Niseko while Yoichi Dreams was recognised for Kisin.

Saudi Arabia debuted at the Grand Final with Oud Real-Estate Development Company winning Best Mixed Use Developer (Asia), following a series of wins during the inaugural PropertyGuru Asia Property Awards (Middle East).

From Cambodia, LP Residences Co., Ltd. received a win for its Palm Springs project. By the Waters by Suryam Developers LLP meanwhile gained a recognition for India.

Jeremy Williams, managing director for Marketplaces at PropertyGuru Group, said: “PropertyGuru’s commitment to a sustainable future in Asia is truly reflected in this year’s award winners. By raising benchmarks for resilience and sustainability, we power communities to live, work, and thrive in tomorrow’s cities. These accolades not only honour the efforts of developers and design practices but also inspire innovation that benefits property seekers, agents, and investors alike. As we celebrate the 19th edition of the Grand Final, we look forward to a wave of progress creating what’s next for the region’s built environment.”

Jules Kay, general manager of PropertyGuru Asia Property Awards and Events, said: “The 2024 PropertyGuru Asia Property Awards series included many first-time accolades. We celebrated the strengths of emerging and established property markets, expanding to new regions and revisiting the region’s leading real estate destinations. We also honoured individuals—industry legends and rising stars poised to change the game. Through the People’s Choice Awards, we engaged with property buyers, giving them a platform to support developers who share their aspirations and values. We also recognised excellence in ESG, supporting those making our industry more sustainable for future generations of property seekers. It’s an honour to conclude this series by celebrating companies across a wide variety of real estate sectors and distinguishing multiple types of projects throughout Asia Pacific, a region that is becoming home to the cities of tomorrow.”

Thien Duong, chairperson of the Grand Final, said: “This year’s winners across Asia Pacific have impressed the judges with their sustainable, functional masterplans and designs, spanning everything from expansive townships to livable homes and dynamic commercial spaces. Excellence in property development is incessantly redefined across the region, and we’re happy to contribute to this ongoing evolution. Congratulations to the Gold Standard bearers of real estate across Asia Pacific.”

An independent panel of head judges from participating markets in the Awards selected the winners: Thien Duong, general director, GroupGSA Vietnam (Vietnam); Ajai A Kapoor, CEO, 360 degrees – Real Estate Services (India); Cyndy Tan Jarabata, president of TAJARA Leisure & Hospitality Group Inc. (Philippines); Eddie Guillemette, CEO, Midori no Ki (Japan); Datuk Ar. Ezumi Harzani Ismail, president, Malaysian Institute of Architects: 2020-2022 (Malaysia); Ivan Lam​, executive director, international business, Charter Keck Cramer (Australia); Ken Ip, chairman, Asia MarTech Society (Mainland China); Kristin Thorsteins, co-founder & managing partner, Portman Investment Pte Ltd (Singapore); Dr. Nirmal De Silva, director and CEO, Paramount Realty (Sri Lanka); Paul Tse, president, board of directors, Macao Association of Building Contractors and Developers (China – Hong Kong and Macau); Sorn Seap, president, Cambodian Valuers and Estate Agents Association (Cambodia); Suphin Mechuchep, CEO, Sen X Group PCL (Thailand); and Vivin Harsanto, senior director and head of advisory, JLL Indonesia (Indonesia).

HLB ensured the fairness, transparency, and credibility of the selection process under the supervision of Paul Ashburn of HLB International Real Estate Group. The global network of independent professional accounting firms and business advisers was recognised as the “2024 Network of the Year.”

The 19th PropertyGuru Asia Property Awards Grand Final was a highlight of PropertyGuru Week, which also featured the PropertyGuru Asia Real Estate Summit; the debut of the Awards in the Middle East; and the latest editions of the Awards in Mainland China, Hong Kong, Macau, Japan, India, Sri Lanka, and Cambodia.

Organised by PropertyGuru Group, the 19th PropertyGuru Asia Property Awards Grand Final is supported by gold sponsor V-ZUG Thailand; official portal partner PropertyGuru; official magazine Property Report by PropertyGuru; media partners Bridges, BusinessWorld, d+a Magazine, Detik.com, Hot Magazine, Kiripost, Kompas.com, Luxury Society Asia, Manila Bulletin, Pattaya Trader, Prop2morrow, REm, SquareRooms, Tatler Asia Homes, The Philippine Star, and Think of Living; supporting partner REHDA Institute; and official supervisor HLB.

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

COMPLETE LIST OF WINNERS
19th PropertyGuru Asia Property Awards Grand Final

DEVELOPER AWARDS   

Best Developer (Asia)
Zhuhai Huafa Properties Co., Ltd. – Mainland China (WINNER)
BHC Property – Australia
Home Lands Skyline (Pvt) Ltd – Sri Lanka
New World Development Company Limited – China – Hong Kong and Macau
Robinsons Land – Philippines
Signature Global (India) Limited – India
Sinar Mas Land – Indonesia
UOL Group Limited – Singapore

Best Luxury Developer (Asia)
Federal Land, Inc. – Philippines (WINNER)

Best Township Developer (Asia)
Paramount Land – Indonesia (WINNER)

Best Mixed Use Developer (Asia)
Oud Real-Estate Development Company – Saudi Arabia (WINNER)

Best Sustainable Developer (Asia)
UOL Group Limited – Singapore (WINNER)
King Square Development Co., Ltd. – Thailand

Best Industrial Developer (Asia)
Aboitiz InfraCapital Economic Estates – Philippines (WINNER)

Best Lifestyle Developer (Asia)
TID Pte. Ltd. – Singapore (WINNER)

Best Hospitality Developer (Asia)
UOL Group Limited – Singapore (WINNER)          

Best Community Developer (Asia)
Phu Long Real Estates Corporation – Vietnam (WINNER)

Best Boutique Developer (Asia)
FRX Capital Private Limited – Singapore (WINNER)
Lofter Group Limited – China – Hong Kong and Macau

Best Breakthrough Developer (Asia)
Federal Land NRE Global, Inc. – Philippines (WINNER)

DEVELOPMENT AWARDS

Best Mega Township Development (Asia)
BSD City by Sinar Mas Land – Indonesia (WINNER)

Best Township Development (Asia)
Riverpark by Federal Land, Inc. – Philippines (WINNER)
Koh Pich City by OCIC Group – Cambodia
Summarecon Bogor by Summarecon Group – Indonesia

Best Mixed Use Development (Asia)
Burswood Point by Golden Sedayu – Australia (WINNER)
Gaysorn Village by Gaysorn Property Co., Ltd. – Thailand
KingsQuare by King Square Development Co., Ltd. – Thailand
Shenzhen Huafa Snow World by Zhuhai Huafa Properties Co., Ltd. – Mainland China

Best Ultra Luxury Condo Development (Asia)
The Estate Makati by SM Development Corp. and Federal Land – Philippines (WINNER)
Jianfa Zichen by Jianfa Fangdichan Jituan – Mainland China

Best Luxury Condo Development (Asia)
Meyer Blue by UOL Group Limited and Singapore Land Group Limited – Singapore (WINNER)
R&F Princess Cove Phase 2 – Seine Region by R&F Development Sdn Bhd. – Malaysia
The Seasons Residences by Sunshine Fort North Bonifacio Realty Development Corporation – Philippines
Waterdale Residencies, bordering Colombo 7 by Home Lands Skyline (Pvt) Ltd – Sri Lanka

Best High End Condo Development (Asia)
Viento at Cerca by Alveo Land – Philippines (WINNER)
Cerule at Solinea by Alveo Land – Philippines
Xi’an Huafa Lijun ‧Center Glorous by Zhuhai Huafa Properties Co., Ltd. – Mainland China

Best Condo Development (Asia)
The Estate Makati by SM Development Corp. and Federal Land – Philippines (WINNER)
BLVD by OSK Property – Australia
Lentor Mansion by GuocoLand and Hong Leong Holdings Limited – Singapore
The Pavilia Forest by Joint Venture by New World Development Company Limited & Far East Consortium International Limited – China – Hong Kong and Macau

Best Mid End Condo Development (Asia)
Helix2 @ PJ South by Eupe Corporation Berhad – Malaysia (WINNER)
Aspen Peak by Rumapadu by Harmas Land & Integrasi Transit Jakarta (ITJ) – Indonesia

Best Completed Condo Development (Asia)
The Park 2 Pavilion Bukit Jalil by Malton Berhad – Malaysia (WINNER)

Best Luxury Waterfront Condo Development (Asia)
PANO HARBOUR by China Resources Land (Overseas) Limited and Poly Property (Hong Kong) Co., Limited – China – Hong Kong and Macau (WINNER)
Meyer Blue by UOL Group Limited and Singapore Land Group Limited – Singapore

Best Waterfront Condo Development (Asia)
Eaton Park by Gamuda Land – Vietnam (WINNER)
Oceana Beach Resort Apartments & Villas – Wadduwa by Home Lands Skyline (Pvt) Ltd – Sri Lanka
The Residences at Terrazas de Punta Fuego by Landco Pacific Corporation – Philippines

Best Connectivity Condo Development (Asia)
1 Ki Lung Street by Lofter Group Limited – China – Hong Kong and Macau (WINNER)

Best TOD Condo Development (Asia)
LRT City Cibubur by PT Adhi Commuter Properti Tbk. – Indonesia (WINNER)

Best Investment Condo Development (Asia)
Elements at Carousel by Jean Yip Developments – Australia (WINNER)

Best Lifestyle Condo Development (Asia)
The Residences at The Westin Manila by RLC Residences – Philippines (WINNER)

Best Eco Friendly Condo Development (Asia)
Alfa Bangsar by City Motors Group – Malaysia (WINNER)

Best Ultra Luxury Housing / Landed Development (Asia)
BuGaan Pattanakarn by Sansiri Public Company Limited – Thailand (WINNER)

Best Luxury Housing / Landed Development (Asia)
Narasiri Phahol-Watcharapol by Sansiri Public Company Limited – Thailand (WINNER)

Best Housing / Landed Development (Asia)
Grand Tsuru Niseko by Niseko Woodlands Limited – Japan (WINNER)
Kisin by Yoichi Dreams – Japan
Mount Rosie Signature Collection by FRX Capital Private Limited – Singapore

Best Mid End Housing / Landed Development (Asia)
The City Rama5-Nakhon In by AP (Thailand) Public Company Limited – Thailand (WINNER)
Leonora at Summarecon Serpong by Summarecon Group – Indonesia

Best Affordable Housing / Landed Development (Asia)
Avisa Residences, Tropicana Alam by Tropicana Corporation Berhad – Malaysia (WINNER)
Britania Bekasi by PT. Mekar Agung Sejahtera – Indonesia
Spring Residence at Spring City, Sentul City by PT Sentul City Tbk – Indonesia   
Villa Natura by Eupe Corporation Berhad – Malaysia

Best Completed Housing / Landed Development (Asia)
Flora at Summarecon Bandung by Summarecon Group – Indonesia (WINNER)

Best Waterfront Housing / Landed Development (Asia)
By the Waters by Suryam Developers LLP – India (WINNER)

Best Investment Housing Development (Asia)
Iconia Garden Residence by Gunung Impian Development Sdn Bhd – Malaysia (WINNER)

Best Branded Residential Development (Asia)
Quayside JBCC by Bangsar Heights Pavilion – Malaysia (WINNER)
The Residences at The Westin Manila by RLC Residences – Philippines

Best Luxury Townhouse Development (Asia)
Mercer by BHC Property – Australia (WINNER)

Best Townhouse Development (Asia)
Chatswood Garden by FY Property, Kooringa Group, MA Financial, CPDM – Australia (WINNER)

Best Smart Home Development (Asia)
Sanubari @ Bandar Dato Onn by JLand Group Sdn Bhd – Malaysia (WINNER)

Best Integrated Work From Home Development (Asia)
BLVD by OSK Property – Australia (WINNER)

Best Wellness Residential Development (Asia)
BLVD by OSK Property – Australia (WINNER)
The Residences at The Westin Manila by RLC Residences – Philippines

Best Heritage Development (Asia)
Hotel Central Macau by Lek Hang Group – China – Hong Kong and Macau (WINNER)
San Tung Fong Commerical Inn North Wing (Former LokKok Restaurant Building) by New Orient Group – China – Hong Kong and Macau

Best Mega Scale Industrial Development (Asia)
Greenland International Industrial Center (GIIC) at Kota Deltamas by JV Sinar Mas Land & Sojitz Corporation – Indonesia (WINNER)

Best Industrial Development (Asia)
Serenia Industrial Park by Sime Darby Property Berhad – Malaysia (WINNER)
Light Industry & Science Park IV by Science Park of the Philippines. Inc. – Philippines

Best Green Industrial Development (Asia)
LIMA Estate by Aboitiz InfraCapital Economic Estates – Philippines (WINNER)

Best Office Development (Asia)
The MET Corporate Towers by Triterra Sdn Bhd – Malaysia (WINNER)
83 King Lam Street by New World Development Company Limited – China – Hong Kong and Macau
Cybergate Iloilo Tower 3 by Robinsons Offices – Philippines
FourE-com Center by SM Offices by SM Prime – Philippines
JLC by Hongkong Land – Mainland China
Oriental Square by OSI by Orient Success International Investment Joint Stock Company (OSI Holdings) – Vietnam          

Best Retail Development (Asia)
MixC Changchun by Lead8 – Mainland China (WINNER)
23 Paskal Shopping Center by PT Indonesian Paradise Property Tbk and Subsidiaries – Indonesia          

Best Smart Building Development (Asia)
Biomedical Campus by Sinar Mas Land – Indonesia (WINNER)

Best Green Development (Asia)
Navapark by PT. Bumi Parama Wisesa, Hongkong Land & Sinar Mas Land J/V – Indonesia (WINNER)
KingsQuare Residence by King Square Development Co., Ltd. – Thailand
Signature Global Titanium SPR by Signature Global (India) Limited – India

Best Nature Integrated Development (Asia)
Lentor Mansion by GuocoLand and Hong Leong Holdings Limited – Singapore (WINNER)
Kisin by Yoichi Dreams – Japan
The Morizen at Summarecon Mutiara Makassar by Summarecon Group & Sumitomo Forestry – Indonesia                         

DESIGN AWARDS

Best Mega Township Masterplan Design (Asia)
Medini Innopolis by Iskandar Investment Berhad – Malaysia (WINNER)
Riverpark by Federal Land, Inc. – Philippines

Best Township Masterplan Design (Asia)
Ecovillage Saigon River by Ecopark – Vietnam (WINNER)
Paramount Petals by Paramount Land – Indonesia

Best Mixed Use Architectural Design (Asia)
K11 Shanghai, Huaihai Middle Road by Lead8 – Mainland China (WINNER)
Quayside JBCC by Bangsar Heights Pavilion – Malaysia          

Best Condo Architectural Design (Asia)
Lentoria by TID Pte. Ltd. – Singapore (WINNER)
1 Ki Lung Street by Lofter Group Limited – China – Hong Kong and Macau
Lucky No. 16 by GAD Architectural Design (Shanghai) Co., Ltd. – Mainland China
Meyer Blue by UOL Group Limited and Singapore Land Group Limited – Singapore
PANO HARBOUR by China Resources Land (Overseas) Limited and Poly Property (Hong Kong) Co., Limited – China – Hong Kong and Macau
The Hillshore by FRX Capital Private Limited – Singapore
The Spinnaker by Landco Pacific Corporation – Philippines

Best Housing / Landed Architectural Design (Asia)
Ponderosa Callista by Berinda Group – Malaysia (WINNER)
The Links Golf Villas by PT. New Kuta Golf And Ocean View – Indonesia
The Palazzo Pinklao-Borom by AP (Thailand) Public Company Limited – Thailand
Vong Residence by V.I Land Investment Co., Ltd. – Cambodia          

Best Resort Housing Architectural Design (Asia)
Kisin by Yoichi Dreams – Japan (WINNER)

Best Office Architectural Design (Asia)
APAC Tower by APAC Land – Thailand (WINNER)
GBF Center 1 by Robinsons Offices – Philippines
Juli Road No.1 by GAD Architectural Design (Shanghai) Co., Ltd. – Mainland China
THE CENDAS by S E A Holdings Limited – China – Hong Kong and Macau

Best Retail Architectural Design (Asia)
MITSUKOSHI BGC by Sunshine Fort North Bonifacio Realty Development Corporation – Philippines (WINNER)               

Best Condo Interior Design (Asia)
BLVD by OSK Property – Australia (WINNER)            
2C Boundary Street by Lofter Group Limited – China – Hong Kong and Macau
Casa Rivera by HWCD Design – Mainland China
Century of Cultural Collection by HWCD Design – Mainland China                            

Best Housing / Landed Interior Design (Asia)
Salty Jim Villa by DM Projects Group – Indonesia (WINNER)
Regalità by Da Vinci Land – Singapore

Best Suburban Housing / Landed Interior Design (Asia)
Palm Springs by LP Residences Co., Ltd – Cambodia (WINNER)

Best Heritage Interior Design (Asia)
San Tung Fong Commerical Inn North Wing (Former LokKok Restaurant Building) by New Orient Group – China – Hong Kong and Macau (WINNER)                       

Best Mega Scale Office Interior Design (Asia)
ALIBABA BEIJING CHAOYANG SCIENCE & TECHNOLOGY PARK by Jiang & Associates Creative Design – Mainland China (WINNER)          

Best Office Interior Design (Asia)
GBF Center 1 by Robinsons Offices – Philippines (WINNER)          

Best Co Working Space (Asia)
work.able Robinsons Summit Center by work.able  – Philippines (WINNER)

Best Retail Interior Design (Asia)
SKP Chengdu by Sybarite – Mainland China (WINNER)

Best Hospitality Interior Design (Asia)
Pan Pacific Orchard by UOL Group Limited and Pan Pacific Hotels Group – Singapore (WINNER)

Best Condo Landscape Design (Asia)
Eaton Park by Gamuda Land – Vietnam (WINNER) 
1 Ki Lung Street by Lofter Group Limited – China – Hong Kong and Macau
Lentor Mansion by GuocoLand and Hong Leong Holdings Limited – Singapore
Meyer Blue by UOL Group Limited and Singapore Land Group Limited – Singapore                            

PUBLISHER’S CHOICE

PropertyGuru Icon Award
Henry T. Sy, Jr., Non-Executive Director/Chairman of the Board, SM Prime Holdings Chairman and Chief Executive Officer, SM Development Corporation (WINNER)

About PropertyGuru’s 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 2024, 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 2024. 

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 28 million property seekers(2) to connect with almost 46,000 agents(3) monthly 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 16 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; mortgage marketplace, PropertyGuru Finance; home services platform, Sendhelper; a host of proprietary enterprise solutions under PropertyGuru For Business including DataSense, ValueNet, Awards, events and publications across Asia.

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

(1) Based on SimilarWeb data between October 2023 and March 2024.
(2) Based on Google Analytics data between October 2023 and March 2024. 
(3) Based on data between January 2024 and March 2024.
(4) Based on data between October 2023 and March 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     

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

Sales & Nominations:

Udomluk Suwan, Sales Director
M: +66 87 699 4433
E: may@propertyguru.com

The 2024 PropertyGuru Asia Property Awards International Luncheon celebrates real estate achievements in the Middle East and South Asia

PropertyGuru Group, Southeast Asia’s leading property technology company, today announced the winners of its real estate awards in the Middle East and South Asia during the exclusive International Luncheon at The Athenee Hotel, a Luxury Collection Hotel, Bangkok.

The inaugural PropertyGuru Asia Property Awards (Middle East) recognised exemplary real estate achievements across the growing region. Dominating this milestone edition of the awards, Oud Real-Estate Development Company won the coveted Best Mixed Use Developer (KSA) title as well as the Best Retail Office Development (KSA) and Best Retail Office Interior Design (KSA) awards for its project, The North Yard.

Oud Real-Estate Development Company, PropertyGuru Asia Property Awards (Grand Final) 2024

Oud Real-Estate Development Company later won Best Mixed Use Developer (Asia) at the 19th PropertyGuru Asia Property Awards Grand Final, held on the same day at The Athenee Hotel, a Luxury Collection Hotel, Bangkok. This marked Saudi Arabia’s debut at the Grand Final, also known as the finale of the annual PropertyGuru Asia Property Awards series.

The PropertyGuru Asia Property Awards (India) and PropertyGuru Asia Property Awards (Sri Lanka) this year returned for their fifth editions, celebrating great projects and industry leaders across South Asia.

Signature Global (India) Limited, PropertyGuru Asia Property Awards (India) 2024

In India, Signature Global (India) Limited claimed its first Best Developer award, alongside a Best Green Development award for Signature Global Titanium SPR. By the Waters by Suryam Developers LLP was recognised as Best Waterview Housing Development.

By The Waters by Suryam Developers LLP, PropertyGuru Asia Property Awards (Grand Final) 2024 

By the Waters went on to win Best Waterfront Housing / Landed Development (Asia) for Suryam Developers LLP at the Grand Final.


Home Lands Skyline (Pvt) Ltd, PropertyGuru Asia Property Awards (Sri Lanka) 2024

In Sri Lanka, Home Lands Skyline (Pvt) Ltd achieved its first Best Developer title, with additional honours for its projects: Best Luxury Condo Development (Colombo) for Waterdale Residencies, bordering Colombo 7, and Best Waterfront Condo Development for Oceana Beach Resort Apartments & Villas – Wadduwa.

Jules Kay, general manager of PropertyGuru Asia Property Awards and Events, said: “The Middle East has entered an era of remarkable growth, marked by investments in megaprojects and equally impressive smaller-scale developments, all driven by visionary government initiatives, economic diversification, and strong fundamentals. It’s truly a privilege to expand the PropertyGuru Asia Property Awards for the first time to this part of the world. With these awards, we recognise the region’s world-class projects ranging from mixed-use developments to high-calibre commercial spaces. We’re proud to have introduced these benchmarks of excellence in the Middle East, marking the beginning of our contribution to this region’s progress and success.”

Ajai A Kapoor, chairperson of the Awards in India, said: “These accolades inspire continued excellence in India, a booming real estate market fuelled by a solid economic foundation, resulting in rising demand and active development, across residential and commercial projects. The expanding diversity of the Indian property market is equally exciting, offering consumers a wide range of options, from eco-friendly designs to luxury homes with world-class amenities and breathtaking views. Congratulations to all our awardees in India.”

Dr. Nirmal De Silva, chairperson of the Awards in Sri Lanka, said: “Sri Lanka has experienced remarkable transformations in recent years, complemented by a real estate market that continues to attract international property seekers. The return of the Awards this year highlights this progress, showcasing luxurious villas and homes across the island, from Colombo to emerging cities, fuelled by significant infrastructure developments, including ports and airports. Congratulations to all the winners of this year’s awards.”

The panel of judges in the Middle East consists of Stephen Oehme, director, Quantum Analysis Pte Ltd Singapore, and James A. Kaplan, CEO, Destination Capital Company Limited. Ajai A Kapoor, CEO of 360 degrees – Real Estate Services, and Madhav Raman, co-founder of Anagram Architects, comprise the panel of judges in India while Dr. Nirmal De Silva, director and CEO of Paramount Realty, leads the judging process in Sri Lanka.

The judges lead a transparent, fair, and credible selection process under the supervision of HLB. The official supervisor is part of the “2024 Network of the Year” winner HLB International, the global network of independent professional accounting firms and business advisers.

Organised by PropertyGuru Group, the 2024 editions of the Awards in the Middle East, India, and Sri Lanka are supported by official portal partner PropertyGuru; official magazine Property Report by PropertyGuru; and official supervisor HLB.

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

COMPLETE LIST OF WINNERS

2024 PropertyGuru Asia Property Awards (Middle East)

DEVELOPER AWARD

Best Mixed Use Developer (KSA)
WINNER: Oud Real-Estate Development Company

DEVELOPMENT AWARD

Best Retail Office Development (KSA)
WINNER: The North Yard by Oud Real-Estate Development Company

DESIGN AWARDS

Best Retail Office Interior Design (KSA)
WINNER: The North Yard by Oud Real-Estate Development Company

2024 PropertyGuru Asia Property Awards (India)

DEVELOPER AWARD

Best Developer
WINNER: Signature Global (India) Limited

DEVELOPMENT AWARDS

Best Waterview Housing Development
WINNER: By the Waters by Suryam Developers LLP

Best Green DevelopmentWINNER: Signature Global Titanium SPR by Signature Global (India) Limited
2024 PropertyGuru Asia Property Awards (Sri Lanka)

DEVELOPER AWARD

Best DeveloperWINNER: Home Lands Skyline (Pvt) Ltd

DEVELOPMENT AWARDS

Best Luxury Condo Development (Colombo)WINNER: Waterdale Residencies, bordering Colombo 7 by Home Lands Skyline (Pvt) Ltd

Best Waterfront Condo DevelopmentWINNER: Oceana Beach Resort Apartments & Villas – Wadduwa by Home Lands Skyline (Pvt) Ltd

About PropertyGuru’s 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 2024, 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 2024. 

For more information, please visit AsiaPropertyAwards.com

About PropertyGuru Group

PropertyGuru is Southeast Asia’s leading1 PropTech company, and the preferred destination for over 28 million property seekers2 to connect with almost 46,000 agents3 monthly 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 16 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; mortgage marketplace, PropertyGuru Finance; home services platform, Sendhelper; a host of proprietary enterprise solutions under PropertyGuru For Business including DataSense, ValueNet, Awards, events and publications across Asia.

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

1Based on SimilarWeb data between October 2023 and March 2024. 2Based on Google Analytics data between October 2023 and March 2024.  3Based on data between January 2024 and March 2024. 4Based on data between October 2023 and March 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, Media Relations & Marketing Services Executive
M: +66 94 887 5163
E: piyachanok@propertyguru.com     

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

Priyamani Srimokla, Account Manager
M: +66 85 440 1655
E: priya@propertyguru.com 

Mainland China, Hong Kong, Macau companies triumph at finale of 2024 PropertyGuru Asia Property Awards

Developers and design practices from Mainland China, Hong Kong, and Macau emerged as regional winners at the 19th PropertyGuru Asia Property Awards Grand Final, held on Friday, 13 December 2024 at The Athenee Hotel, a Luxury Collection Hotel, Bangkok.



The Grand Final followed the 11th PropertyGuru Asia Property Awards (Mainland China, Hong Kong, Macau), which took place earlier in the day during an exclusive luncheon and ceremony at the same venue.

Besting real estate companies across the region, Zhuhai Huafa Properties Co., Ltd. triumphed as Best Developer (Asia). The prestigious golden statuette complemented its earlier win as Best Developer (Mainland China) and accolades for the projects Shenzhen Huafa Snow World and Xi’an Huafa Lijun ‧Center Glorious during the 11th PropertyGuru Asia Property Awards (Mainland China, Hong Kong, Macau).

International acclaim also followed for Lead8, which claimed Best Retail Development (Asia) for MixC Changchun and Best Mixed Use Architectural Design (Asia) for K11 Shanghai, Huaihai Middle Road. These projects also won Best Retail Development (Mainland China) and Best Mixed Use Architectural Design (Mainland China) earlier in the day.

Jiang & Associates Creative Design won Best Mega Scale Office Interior Design (Asia) for ALIBABA BEIJING CHAOYANG SCIENCE & TECHNOLOGY PARK, which also received the Best Office Interior Design (Mainland China) award.

Sybarite garnered Best Retail Interior Design (Asia) for SKP Chengdu, a project that earlier won Best Retail Interior Design (Mainland China).

Hong Kong and Macau developers also showcased excellence at the Grand Final. PANO HARBOUR by China Resources Land (Overseas) Limited and Poly Property (Hong Kong) Co., Limited was recognised as Best Luxury Waterfront Condo Development (Asia), following earlier wins for Best Luxury Waterfront Condo Development (Hong Kong and Macau) and Best Luxury Condo Architectural Design (Hong Kong and Macau).

Lofter Group Limited claimed Best Connectivity Condo Development (Asia) for 1 Ki Lung Street. The company was also named Best Boutique Developer (Hong Kong and Macau), with additional accolades for 1 Ki Lung Street and 2C Boundary Street.

New Orient Group took home Best Heritage Interior Design (Asia) for San Tung Fong Commerical Inn North Wing (Former Lok Kok Restaurant Building) while Lek Hang Group received Best Heritage Development (Asia) for Hotel Central Macau. Both projects were also recognised in the Hong Kong and Macau categories.

Jules Kay, general manager of PropertyGuru Asia Property Awards and Events, said: “The real estate achievements recognised through our Awards in Mainland China, Hong Kong, and Macau highlight properties that offer a glimpse into the cities of tomorrow. As developers lead the creation and adoption of green technologies, the judges noted advances in sustainable design, underscoring a commitment to ESG, as well as excellence in development.. Through these marks of excellence, we hope to make a positive contribution to the rise of quality real estate in Mainland China, Hong Kong, and Macau.”

Ken Ip, chairman of Asia MarTech Society, said: “Congratulations to all the winners in Mainland China for once again setting benchmarks in property development and design. The remarkable properties they have created—ranging from ultra-luxury residences to high-end developments, new constructions to revitalised assets, and mixed-use projects to sales galleries—reflect a truly world-class environment. These achievements highlight how far China has progressed, with structures that match the scale and ambition of its economy.”

Paul Tse, president of Macao Association of Building Contractors and Developers, said: “Hong Kong and Macau continue to be hubs for impressively built projects, as demonstrated by the outstanding quality of this year’s award winners. We are particularly proud to have presented an accolade for excellence in ESG and heritage development, in line with the international community’s continuing focus towards sustainable and socially responsible practices. This year’s awards are also a celebration of diversity, of forward-looking developments as well as the preservation and adaptive reuse of properties embedded in tapestries of culture and history. Congratulations to all the winners.”

The independent panel of judges for Mainland China consists of Ken Ip, chairperson of the Awards in Mainland China; Coco Lin, principal and project director at B+H Consulting International Inc.; Chou Kuang Ming (Ray), founder and creative director at Vermilion Zhou Design Group; Eunice Wu, product director at China Merchants Shekou/Overseas Development Division; Fang Lei, founder at One House Design; Guo Nu, founder and design principal at AUD Architect and Urban Design; James Woo, executive director, co-head of valuation and advisory services at China Colliers; Jesse Wang, design director at F.G Studio; Luo Minjie, director of planning and design department at Sichuan Waterfront Urban and Rural Development Co., Ltd; Wang Shaoqing, founder and chief designer at CLV.DESIGN; Wei Jinjing, founder and chief creative director at Nature Times Art Design; and Zhong Ling, founder at DUTS design.

The independent panel of judges for Hong Kong and Macau consists of Paul Tse, chairperson of the Awards in Hong Kong and Macau; Bernie Devine, senior regional director, Asia Pacific, Yardi Systems, Inc.; Edmond Yew, vice-president, China Real Estate Chamber of Commerce (HK and International Chapter); Gregory Ku, independent property professional; Jimmy Wardhana, co-founder and principal architect, JWCC Architecture Co. Ltd; Oliver Tong, general manager, Jones Lang LaSalle Macau & Zhuhai; Vincent Cheung, founder and managing director, Vincorn Consulting and Appraisal Limited; and Yu Kam Hung, past president, The Hong Kong Institute of Surveyors.

The winners of the Grand Final were chosen by an independent jury, composed of the head judges of participating markets in the Awards: Thien Duong, chairperson of the Grand Final and general director, GroupGSA Vietnam (Vietnam); Ajai A Kapoor, CEO, 360 degrees – Real Estate Services (India); Cyndy Tan Jarabata, president of TAJARA Leisure & Hospitality Group Inc. (Philippines); Eddie Guillemette, CEO, Midori no Ki (Japan); Datuk Ar. Ezumi Harzani Ismail, president, Malaysian Institute of Architects: 2020-2022 (Malaysia); Ivan Lam​, executive director, international business, Charter Keck Cramer (Australia); Ken Ip, chairman, Asia MarTech Society (Mainland China); Kristin Thorsteins, co-founder & managing partner, Portman Investment Pte Ltd (Singapore); Dr. Nirmal De Silva, director and CEO, Paramount Realty (Sri Lanka); Paul Tse, president, board of directors, Macao Association of Building Contractors and Developers (Hong Kong and Macau); Sorn Seap, president, Cambodian Valuers and Estate Agents Association (Cambodia); Suphin Mechuchep, CEO, Sen X Group PCL (Thailand); and Vivin Harsanto, senior director and head of advisory, JLL Indonesia (Indonesia).

The rigorous and impartial selection process was supervised by Baicheng Tax Services – HLB China, led by Eric Dong and Ben He, alongside HLB Hodgson Impey Cheng Limited – HLB Hong Kong, represented by Clara Ng and Jack Tien. Paul Ashburn of HLB International Real Estate Group also supervised the selection process of the Grand Final. The official supervisors are part of the “2024 Network of the Year” winner HLB International, the global network of independent professional accounting firms and business advisers.

Organised by PropertyGuru Group, the 11th PropertyGuru Asia Property Awards (Mainland China, Hong Kong, Macau) programme is supported by official partner Anjuke; official marketing partner Global Design Awards Lab; official magazine Property Report by PropertyGuru; official publicity partner Molihua Media Group (MMG); media partners Mingtiandi and The Standard; and official supervisor HLB.

The 19th PropertyGuru Asia Property Awards Grand Final is supported by gold sponsor V-ZUG Thailand; official portal partner PropertyGuru; official magazine Property Report by PropertyGuru; media partners Bridges, BusinessWorld, d+a Magazine, Detik.com, Hot Magazine, Kiripost, Kompas.com, Luxury Society Asia, Manila Bulletin, Pattaya Trader, Prop2morrow, REm, SquareRooms, Tatler Asia Homes, The Philippine Star, and Think of Living; supporting partner REHDA Institute; and official supervisor HLB.

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

COMPLETE LIST OF WINNERS

19th PropertyGuru Asia Property Awards Grand Final

DEVELOPER AWARDS          

Best Developer (Asia)
Zhuhai Huafa Properties Co., Ltd. – Mainland China (WINNER)
BHC Property – Australia
Home Lands Skyline (Pvt) Ltd – Sri Lanka
New World Development Company Limited – China – Hong Kong and Macau
Robinsons Land – Philippines
Signature Global (India) Limited – India
Sinar Mas Land – Indonesia
UOL Group Limited – Singapore

Best Luxury Developer (Asia)
Federal Land, Inc. – Philippines (WINNER)

Best Township Developer (Asia)
Paramount Land – Indonesia (WINNER)     

Best Mixed Use Developer (Asia)
Oud Real-Estate Development Company – Saudi Arabia (WINNER)

Best Sustainable Developer (Asia)
UOL Group Limited – Singapore (WINNER)
King Square Development Co., Ltd. – Thailand

Best Industrial Developer (Asia)
Aboitiz InfraCapital Economic Estates – Philippines (WINNER)

Best Lifestyle Developer (Asia)
TID Pte. Ltd. – Singapore (WINNER)

Best Hospitality Developer (Asia)
UOL Group Limited – Singapore (WINNER)          

Best Community Developer (Asia)
Phu Long Real Estates Corporation – Vietnam (WINNER)          

Best Boutique Developer (Asia)
FRX Capital Private Limited – Singapore (WINNER)
Lofter Group Limited – China – Hong Kong and Macau          

Best Breakthrough Developer (Asia)
Federal Land NRE Global, Inc. – Philippines (WINNER)          

DEVELOPMENT AWARDS

Best Mega Township Development (Asia)
BSD City by Sinar Mas Land – Indonesia (WINNER)

Best Township Development (Asia)
Riverpark by Federal Land, Inc. – Philippines (WINNER)
Koh Pich City by OCIC Group – Cambodia
Summarecon Bogor by Summarecon Group – Indonesia          

Best Mixed Use Development (Asia)
Burswood Point by Golden Sedayu – Australia (WINNER)       
Gaysorn Village by Gaysorn Property Co., Ltd. – Thailand
KingsQuare by King Square Development Co., Ltd. – Thailand
Shenzhen Huafa Snow World by Zhuhai Huafa Properties Co., Ltd. – Mainland China          

Best Ultra Luxury Condo Development (Asia)
The Estate Makati by SM Development Corp. and Federal Land – Philippines (WINNER)
Jianfa Zichen by Jianfa Fangdichan Jituan – Mainland China

Best Luxury Condo Development (Asia)
Meyer Blue by UOL Group Limited and Singapore Land Group Limited – Singapore (WINNER)
R&F Princess Cove Phase 2 – Seine Region by R&F Development Sdn Bhd. – Malaysia
The Seasons Residences by Sunshine Fort North Bonifacio Realty Development Corporation – Philippines
Waterdale Residencies, bordering Colombo 7 by Home Lands Skyline (Pvt) Ltd – Sri Lanka          

Best High End Condo Development (Asia)
Viento at Cerca by Alveo Land – Philippines (WINNER)
Cerule at Solinea by Alveo Land – Philippines
Xi’an Huafa Lijun ‧Center Glorous by Zhuhai Huafa Properties Co., Ltd. – Mainland China

Best Condo Development (Asia)
The Estate Makati by SM Development Corp. and Federal Land – Philippines (WINNER)
BLVD by OSK Property – Australia
Lentor Mansion by GuocoLand and Hong Leong Holdings Limited – Singapore
The Pavilia Forest by Joint Venture by New World Development Company Limited & Far East Consortium International Limited – China – Hong Kong and Macau                            

Best Mid End Condo Development (Asia)
Helix2 @ PJ South by Eupe Corporation Berhad – Malaysia (WINNER)
Aspen Peak by Rumapadu by Harmas Land & Integrasi Transit Jakarta (ITJ) – Indonesia

Best Completed Condo Development (Asia)
The Park 2 Pavilion Bukit Jalil by Malton Berhad – Malaysia (WINNER)

Best Luxury Waterfront Condo Development (Asia)
PANO HARBOUR by China Resources Land (Overseas) Limited and Poly Property (Hong Kong) Co., Limited – China – Hong Kong and Macau (WINNER)
Meyer Blue by UOL Group Limited and Singapore Land Group Limited – Singapore

Best Waterfront Condo Development (Asia)
Eaton Park by Gamuda Land – Vietnam (WINNER) 
Oceana Beach Resort Apartments & Villas – Wadduwa by Home Lands Skyline (Pvt) Ltd – Sri Lanka
The Residences at Terrazas de Punta Fuego by Landco Pacific Corporation – Philippines                                              

Best Connectivity Condo Development (Asia)
1 Ki Lung Street by Lofter Group Limited – China – Hong Kong and Macau (WINNER)          

Best TOD Condo Development (Asia)
LRT City Cibubur by PT Adhi Commuter Properti Tbk. – Indonesia (WINNER)                 

Best Investment Condo Development (Asia)
Elements at Carousel by Jean Yip Developments – Australia (WINNER)

Best Lifestyle Condo Development (Asia)
The Residences at The Westin Manila by RLC Residences – Philippines (WINNER)

Best Eco Friendly Condo Development (Asia)
Alfa Bangsar by City Motors Group – Malaysia (WINNER)

Best Ultra Luxury Housing / Landed Development (Asia)
BuGaan Pattanakarn by Sansiri Public Company Limited – Thailand (WINNER)          

Best Luxury Housing / Landed Development (Asia)
Narasiri Phahol-Watcharapol by Sansiri Public Company Limited – Thailand (WINNER)    

Best Housing / Landed Development (Asia)
Grand Tsuru Niseko by Niseko Woodlands Limited – Japan (WINNER)
Kisin by Yoichi Dreams – Japan
Mount Rosie Signature Collection by FRX Capital Private Limited – Singapore                                              

Best Mid End Housing / Landed Development (Asia)
The City Rama5-Nakhon In by AP (Thailand) Public Company Limited – Thailand (WINNER)
Leonora at Summarecon Serpong by Summarecon Group – Indonesia          

Best Affordable Housing / Landed Development (Asia)
Avisa Residences, Tropicana Alam by Tropicana Corporation Berhad – Malaysia (WINNER)
Britania Bekasi by PT. Mekar Agung Sejahtera – Indonesia
Spring Residence at Spring City, Sentul City by PT Sentul City Tbk – Indonesia   
Villa Natura by Eupe Corporation Berhad – Malaysia          

Best Completed Housing / Landed Development (Asia)
Flora at Summarecon Bandung by Summarecon Group – Indonesia (WINNER)          

Best Waterfront Housing / Landed Development (Asia)
By the Waters by Suryam Developers LLP – India (WINNER)

Best Investment Housing Development (Asia)
Iconia Garden Residence by Gunung Impian Development Sdn Bhd – Malaysia (WINNER)

Best Branded Residential Development (Asia)
Quayside JBCC by Bangsar Heights Pavilion – Malaysia (WINNER)
The Residences at The Westin Manila by RLC Residences – Philippines                            

Best Luxury Townhouse Development (Asia)
Mercer by BHC Property – Australia (WINNER)

Best Townhouse Development (Asia)
Chatswood Garden by FY Property, Kooringa Group, MA Financial, CPDM – Australia (WINNER)                            

Best Smart Home Development (Asia)
Sanubari @ Bandar Dato Onn by JLand Group Sdn Bhd – Malaysia (WINNER)

Best Integrated Work From Home Development (Asia)
BLVD by OSK Property – Australia (WINNER)          

Best Wellness Residential Development (Asia)
BLVD by OSK Property – Australia (WINNER)
The Residences at The Westin Manila by RLC Residences – Philippines

Best Heritage Development (Asia)
Hotel Central Macau by Lek Hang Group – China – Hong Kong and Macau (WINNER)
San Tung Fong Commerical Inn North Wing (Former LokKok Restaurant Building) by New Orient Group – China – Hong Kong and Macau

Best Mega Scale Industrial Development (Asia)
Greenland International Industrial Center (GIIC) at Kota Deltamas by JV Sinar Mas Land & Sojitz Corporation – Indonesia (WINNER)

Best Industrial Development (Asia)
Serenia Industrial Park by Sime Darby Property Berhad – Malaysia (WINNER)
Light Industry & Science Park IV by Science Park of the Philippines. Inc. – Philippines

Best Green Industrial Development (Asia)
LIMA Estate by Aboitiz InfraCapital Economic Estates – Philippines (WINNER)             

Best Office Development (Asia)
The MET Corporate Towers by Triterra Sdn Bhd – Malaysia (WINNER)
83 King Lam Street by New World Development Company Limited – China – Hong Kong and Macau
Cybergate Iloilo Tower 3 by Robinsons Offices – Philippines
FourE-com Center by SM Offices by SM Prime – Philippines
JLC by Hongkong Land – Mainland China
Oriental Square by OSI by Orient Success International Investment Joint Stock Company (OSI Holdings) – Vietnam          

Best Retail Development (Asia)
MixC Changchun by Lead8 – Mainland China (WINNER)
23 Paskal Shopping Center by PT Indonesian Paradise Property Tbk and Subsidiaries – Indonesia          

Best Smart Building Development (Asia)
Biomedical Campus by Sinar Mas Land – Indonesia (WINNER)                         

Best Green Development (Asia)
Navapark by PT. Bumi Parama Wisesa, Hongkong Land & Sinar Mas Land J/V – Indonesia (WINNER)
KingsQuare Residence by King Square Development Co., Ltd. – Thailand
Signature Global Titanium SPR by Signature Global (India) Limited – India          

Best Nature Integrated Development (Asia)
Lentor Mansion by GuocoLand and Hong Leong Holdings Limited – Singapore (WINNER)
Kisin by Yoichi Dreams – Japan
The Morizen at Summarecon Mutiara Makassar by Summarecon Group & Sumitomo Forestry – Indonesia                            

DESIGN AWARDS

Best Mega Township Masterplan Design (Asia)
Medini Innopolis by Iskandar Investment Berhad – Malaysia (WINNER)
Riverpark by Federal Land, Inc. – Philippines                            

Best Township Masterplan Design (Asia)
Ecovillage Saigon River by Ecopark – Vietnam (WINNER)
Paramount Petals by Paramount Land – Indonesia

Best Mixed Use Architectural Design (Asia)
K11 Shanghai, Huaihai Middle Road by Lead8 – Mainland China (WINNER)
Quayside JBCC by Bangsar Heights Pavilion – Malaysia          

Best Condo Architectural Design (Asia)
Lentoria by TID Pte. Ltd. – Singapore (WINNER)
1 Ki Lung Street by Lofter Group Limited – China – Hong Kong and Macau
Lucky No. 16 by GAD Architectural Design (Shanghai) Co., Ltd. – Mainland China
Meyer Blue by UOL Group Limited and Singapore Land Group Limited – Singapore
PANO HARBOUR by China Resources Land (Overseas) Limited and Poly Property (Hong Kong) Co., Limited – China – Hong Kong and Macau
The Hillshore by FRX Capital Private Limited – Singapore
The Spinnaker by Landco Pacific Corporation – Philippines

Best Housing / Landed Architectural Design (Asia)
Ponderosa Callista by Berinda Group – Malaysia (WINNER)
The Links Golf Villas by PT. New Kuta Golf And Ocean View – Indonesia
The Palazzo Pinklao-Borom by AP (Thailand) Public Company Limited – Thailand
Vong Residence by V.I Land Investment Co., Ltd. – Cambodia

Best Resort Housing Architectural Design (Asia)
Kisin by Yoichi Dreams – Japan (WINNER)

Best Office Architectural Design (Asia)
APAC Tower by APAC Land – Thailand (WINNER)   
GBF Center 1 by Robinsons Offices – Philippines
Juli Road No.1 by GAD Architectural Design (Shanghai) Co., Ltd. – Mainland China
THE CENDAS by S E A Holdings Limited – China – Hong Kong and Macau

Best Retail Architectural Design (Asia)
Mitsukoshi BGC by Sunshine Fort North Bonifacio Realty Development Corporation – Philippines (WINNER)  

Best Condo Interior Design (Asia)
BLVD by OSK Property – Australia (WINNER)            
2C Boundary Street by Lofter Group Limited – China – Hong Kong and Macau
Casa Rivera by HWCD Design – Mainland China
Century of Cultural Collection by HWCD Design – Mainland China

Best Housing / Landed Interior Design (Asia)
Salty Jim Villa by DM Projects Group – Indonesia (WINNER)
Regalità by Da Vinci Land – Singapore

Best Suburban Housing / Landed Interior Design (Asia)
Palm Springs by LP Residences Co., Ltd – Cambodia (WINNER)

Best Heritage Interior Design (Asia)
San Tung Fong Commerical Inn North Wing (Former LokKok Restaurant Building) by New Orient Group – China – Hong Kong and Macau (WINNER)          

Best Mega Scale Office Interior Design (Asia)
ALIBABA BEIJING CHAOYANG SCIENCE & TECHNOLOGY PARK by Jiang & Associates Creative Design – Mainland China (WINNER)

Best Office Interior Design (Asia)
GBF Center 1 by Robinsons Offices – Philippines (WINNER)

Best Co Working Space (Asia)
work.able Robinsons Summit Center by work.able  – Philippines (WINNER)

Best Retail Interior Design (Asia)
SKP Chengdu by Sybarite – Mainland China (WINNER)

Best Hospitality Interior Design (Asia)
Pan Pacific Orchard by UOL Group Limited and Pan Pacific Hotels Group – Singapore (WINNER)

Best Condo Landscape Design (Asia)
Eaton Park by Gamuda Land – Vietnam (WINNER) 
1 Ki Lung Street by Lofter Group Limited – China – Hong Kong and Macau
Lentor Mansion by GuocoLand and Hong Leong Holdings Limited – Singapore
Meyer Blue by UOL Group Limited and Singapore Land Group Limited – Singapore                            

PUBLISHER’S CHOICE

PropertyGuru Icon Award
Henry T. Sy, Jr., Non-Executive Director/Chairman of the Board, SM Prime Holdings Chairman and Chief Executive Officer, SM Development Corporation (WINNER)

2024 PropertyGuru Asia Property Awards (Mainland China)

DEVELOPER AWARD

Best Developer (Mainland China)
WINNER: Zhuhai Huafa Properties Co., Ltd.

DEVELOPMENT AWARDS

Best Ultra Luxury Condo Development (Mainland China)
WINNER: Jianfa Zichen by Jianfa Fangdichan Jituan

Best High End Condo Development (Mainland China)
WINNER: Xi’an Huafa Lijun ‧Center Glorous by Zhuhai Huafa Properties Co., Ltd.

Best Mixed Use Development (Mainland China)
WINNER: Shenzhen Huafa Snow World by Zhuhai Huafa Properties Co., Ltd.

Best Landmark Development (Mainland China)  
WINNER: West Bund Central by Hongkong Land
HIGHLY COMMENDED: GDCEG Innovation Tower by Guangzhou Jianxin Rongfu Co., Ltd.

Best Asset Enhancement Initiative (Mainland China)
WINNER: Shanghai Hongkou Plaza by Shanghai Yuefeng Real Estate Development Co., Ltd. (CapitaLand)
HIGHLY COMMENDED: Suzhou Center Plaza by Design Power House (DPH)

Best Retail Development (Mainland China)
WINNER: MixC Changchun by Lead8

Best Office Development (Mainland China)
WINNER: JLC by Hongkong Land
HIGHLY COMMENDED: GDCEG Innovation Tower by Guangzhou Jianxin Rongfu Co., Ltd.

DESIGN AWARDS

Best Mixed Use Architectural Design (Mainland China)
WINNER: K11 Shanghai, Huaihai Middle Road by Lead8
HIGHLY COMMENDED: PRISMA Xinjia by Shanghai Xin Zhuo Real Estate Co., Ltd. & ECE
HIGHLY COMMENDED: The Ring, Chengdu by Benoy

Best Luxury Condo Architectural Design (Mainland China)
WINNER: Lucky No. 16 by GAD Architectural Design (Shanghai) Co., Ltd.

Best Office Architectural Design (Mainland China)
WINNER: Juli Road No.1 by GAD Architectural Design (Shanghai) Co., Ltd.
HIGHLY COMMENDED: Zhangjiang Science City Digital and Intelligent Hub · Yu Gateway by Benoy

Best Mixed Use Interior Design (Mainland China)
WINNER: PRISMA Xinjia by Shanghai Xin Zhuo Real Estate Co., Ltd. & ECE
HIGHLY COMMENDED: Shanghai Jinding Tiandi by Design Power House (DPH)
HIGHLY COMMENDED: Shenzhen Huafa Snow World by Design Power House (DPH)
HIGHLY COMMENDED: Suzhou Center Plaza by Design Power House (DPH)
HIGHLY COMMENDED: Wuhan Jinmao the Mall of Splendors by Design Power House (DPH)

Best Ultra Luxury Condo Interior Design (Mainland China)
WINNER: Century of Cultural Collection by HWCD Design

Best Waterfront Condo Interior Design (Mainland China)
WINNER: Casa Rivera by HWCD Design

Best Bespoke Residential Interior Design (Mainland China)
WINNER: The Hidden Capital City of Taoyuan by Miaojue Design
HIGHLY COMMENDED: Century Park Mansion by SlowStudio.cn
HIGHLY COMMENDED: Minimalism Home in Beijing by Miaojue Design

Best Retail Interior Design (Mainland China)
WINNER: SKP Chengdu by Sybarite
HIGHLY COMMENDED: Shanghai Jinding Tiandi by Design Power House (DPH)
HIGHLY COMMENDED: Shenzhen Huafa Snow World by Design Power House (DPH)
HIGHLY COMMENDED: Suzhou Center Plaza by Design Power House (DPH)
HIGHLY COMMENDED: Wuhan Jinmao the Mall of Splendors by Design Power House (DPH)

Best Office Interior Design (Mainland China)
WINNER: ALIBABA BEIJING CHAOYANG SCIENCE & TECHNOLOGY PARK by Jiang & Associates Creative Design

Best Bespoke Commercial Interior Design (Mainland China)
WINNER: Star Gourmet – Shanghai Hongkou Plaza by Design Power House (DPH)

Best Bespoke Hotel Interior Design (Mainland China)
WINNER: Breathing Aesthetic Resort Community in Beijing by Miaojue Design

Best Sales Gallery Interior Design (Mainland China) 
WINNER: New Hong Cheng Life Experience Hall by CAN Design
2024 PropertyGuru Asia Property Awards (Hong Kong and Macau)

DEVELOPER AWARDS

Best Developer (Hong Kong and Macau)
WINNER: New World Development Company Limited

Best Boutique Developer (Hong Kong and Macau)
WINNER: Lofter Group Limited

THE ESG DEVELOPER AWARD

Sustainable Design Award
WINNER: S E A Holdings Limited

DEVELOPMENT AWARDS

Best Luxury Waterfront Condo Development (Hong Kong and Macau)
WINNER: PANO HARBOUR by China Resources Land (Overseas) Limited and Poly Property (Hong Kong) Co., Limited

Best Condo Development (Hong Kong and Macau)
WINNER: The Pavilia Forest by Joint Venture by New World Development Company Limited & Far East Consortium International Limited

Best Connectivity Condo Development (Hong Kong and Macau)
WINNER: 1 Ki Lung Street by Lofter Group Limited

Best Office Development (Hong Kong and Macau)
WINNER: 83 King Lam Street by New World Development Company Limited
HIGHLY COMMENDED: THE CENDAS by S E A Holdings Limited

Best Heritage Hotel Restoration Development (Hong Kong and Macau) 
WINNER: Hotel Central Macau by Lek Hang Group

Best Heritage Lodge Restoration Development (Hong Kong and Macau) 
WINNER: San Tung Fong Commerical Inn North Wing (Former LokKok Restaurant Building) by New Orient Group

DESIGN AWARDS

Best Luxury Condo Architectural Design (Hong Kong and Macau)
WINNER: PANO HARBOUR by China Resources Land (Overseas) Limited and Poly Property (Hong Kong)
Co., Limited

Best Condo Architectural Design (Hong Kong and Macau)
WINNER: 1 Ki Lung Street by Lofter Group Limited
HIGHLY COMMENDED: 2C Boundary Street by Lofter Group Limited

Best Office Architectural Design (Hong Kong and Macau)
WINNER: THE CENDAS by S E A Holdings Limited

Best Condo Interior Design (Hong Kong and Macau)
WINNER: 2C Boundary Street by Lofter Group Limited
HIGHLY COMMENDED: 1 Ki Lung Street by Lofter Group Limited

Best Heritage Lodge Restoration Interior Design  (Hong Kong and Macau) 
WINNER: San Tung Fong Commerical Inn North Wing (Former LokKok Restaurant Building) by New Orient Group

Best Condo Landscape Design (Hong Kong and Macau)
WINNER: 1 Ki Lung Street by Lofter Group Limited
HIGHLY COMMENDED: 2C Boundary Street by Lofter Group Limited

About PropertyGuru’s 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 2024, 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 2024. 

For more information, please visit AsiaPropertyAwards.com

About PropertyGuru Group

PropertyGuru is Southeast Asia’s leading1 PropTech company, and the preferred destination for over 28 million property seekers2 to connect with almost 46,000 agents3 monthly 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 16 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; mortgage marketplace, PropertyGuru Finance; home services platform, Sendhelper; a host of proprietary enterprise solutions under PropertyGuru For Business including DataSense, ValueNet, Awards, events and publications across Asia.

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

(1) Based on SimilarWeb data between October 2023 and March 2024.
(2) Based on Google Analytics data between October 2023 and March 2024. 
(3) Based on data between January 2024 and March 2024.
(4) Based on data between October 2023 and March 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:

Kai Lok Kwok, Solutions Manager
M: +66 97117 8595
E: kai@propertyguru.com

Yiming Li, Solutions Manager
M: +66 082 292 1309
E: nick@propertyguru.com

The PropertyGuru Asia Real Estate Summit marks landmark 10th edition with aspirational discourses on future of cities

The 10th edition of the PropertyGuru Asia Real Estate Summit (ARES), the thought leadership platform of PropertyGuru Group, gathered experts and thought leaders to discuss the intersecting issues moving and shaking the real estate industry, including technology, design, business development, economics, and more.

Themed “Shaping the Aspirations of Future Cities,” ARES 2024 attracted more than 300 delegates to The Athenee Hotel, a Luxury Collection Hotel, Bangkok on Thursday, 12 December 2024 for a series of insightful discourses. Around 30 speakers from around the world participated in talks, keynotes, and panel discussions at the 2024 Summit, which was thematically segmented into Building Future Communities; Powering Innovative Businesses; and Embracing Shared Prosperity.


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

Jules Kay, general manager of PropertyGuru Asia Property Awards and Events, said: “Cities are a canvas for the real estate industry, and the 10th edition of the PropertyGuru Asia Real Estate Summit provided valuable insights into the aspirations of urban living. Through these discussions and critical conversations, we learned how residents and businesses will create and inhabit built spaces moving forward. The collective ideas and collaboration we’ve witnessed during PropertyGuru Week once again made it a truly meaningful milestone for our industry in Asia.”

The Summit showcased keynote addresses from leading personages who provided invaluable insights into urban living, economic trends, and the life-changing potential of real estate, among others. Hari V Krishnan, CEO and managing director of PropertyGuru Group, welcomed attendees by emphasising the importance of developing real estate development in sync with the aspirations of urban dwellers.

Welcome Keynote: Shaping the Aspirations of Future Cities by Hari V. Krishnan, CEO & Managing Director, PropertyGuru Group

Hari V Krishnan said: “We power communities to live, work, and thrive in tomorrow’s cities. This year’s summit convened leading experts and stakeholders from across Asia and beyond to address the challenges and opportunities impacting our urban environments. This exchange of ideas reaffirmed that thoughtfully planned, environmentally conscious spaces are crucial to sustaining cities as they accommodate the next generations of property seekers and enterprises. We all leave the event inspired for the future.”

The Economist Keynote: Asia’s Economic Landscape in 2025 by Sumana Rajarethnam, Director, South-East Asia, The Economist Intelligence Corporate Network

Returning this year was Sumana Rajarethnam, director for South-East Asia at The Economist Intelligence Corporate Network, who provided an in-depth, data-driven keynote on the Asian economy, contextualising the region’s growth opportunities and challenges into the next year.

 Future Aspirations: Living the Dream by Golf Pichaya Nitipaisalkul, Thai Pop Superstar, Actor, Creator

Pop superstar, actor, and creator Golf Pichaya Nitipaisalkul humanised the summit with a keynote that resonated with the universal aspirations of city dwellers and shared his journey to finding his dream home.

Stephen Oehme, chairperson of the Summit, value management specialist, sustainability advocate, and managing director of Quantum, delivered a message on the global outlook for Asia Pacific.


Panel Discussion: Defining Future Homes, from left to right: Muhammad Adhiguna Sosiawan, CMO & Director of Architecture, Mas Group (Indonesia); David Chong, Chief Operating Officer, REHDA Institute (Malaysia); Anton Love Wormann, Creator, Anton in Japan / Entrepreneur / Real Estate Advisor; and Moderator Dr Nai Jia Lee, Head of Real Estate Intelligence, PropertyGuru Group

Complementing the keynote addresses, the Summit’s panel discussions offered diverse perspectives on pivotal topics. Experts joined Dr. Nai Jia Lee, head of real estate
intelligence at PropertyGuru Group, in a panel discussion defining future homes: Anton
Wormann, creator of Anton in Japan, entrepreneur, and real estate advisor; David Chong, chief
operating officer of REHDA Institute (Malaysia); and Muhammad Adhiguna Sosiawan, CMO and director of architecture at Mas Group (Indonesia).

Panel Discussion: Branded Residences: Redefining Luxury Living, from left to right: Gianfranco Bianchi, General Manager, Asia Pacific, The One Atelier; Leanne Reddie, Chief Development Officer, GHM Hotels; Penny Trinh, Vice President, Mixed-Use Development, Marriott International; Saowarin Chanprakaisi, Vice President, Business Development, The Ascott Limited; and Moderator Bill Barnett, Founder & MD, C9 Hotelworks

In addition to future homes, the Summit provided an analysis on the branded residences sector. Bill Barnett, founder and managing director of C9 Hotelworks, moderated a panel that included hospitality stalwarts Gianfranco Bianchi, general manager for Asia Pacific at The One Atelier; Leanne Reddie, chief development officer of GHM Hotels; Penny Trinh, vice-president for mixed-use development at Marriott International; and Saowarin Chanprakaisi, vice-president for business development at The Ascott Limited.

The influence of culture, communites, and built spaces also took centre stage with a panel discussion among Wendy McEwan, VP for transformation and chief of staff at the Office of the CEO, PropertyGuru Group; Alex Bentley, digital creator; Chelsea Perino, managing director of global communications of The Executive Centre; Kristin Thorsteins, founder and co-managing partner of Portman Investments; and Michael Jones, certified ergonomist and wellness coach at Pain-Free Me Studio.

Leading thinkers in architecture and design also shared their insights in a panel discussion on designing for impact. Moderated by Stephen Pimbley, founder partner and director of SPARK Architects, the panel featured Colin Chee, creator and creative director of Never Too Small; Jessica Bianca Sy, VP and head of design, innovation, and strategy at SMDC; Patrick Keane, founder of Enter Projects Asia; and Shao-wei Huang, associate director of Zaha Hadid Architects.

The final panel discussion tackled the convergence of culture and innovation in giga-cities within the Middle East, with David Johnson, CEO of Delivering Asia, moderating. Panellists included James A. Kaplan, CEO of Destination Capital; Khalid Otain, managing partner of HLB Middle East; and Stephen Oehme.

Emceed by international events and podcast host Tina Ryan, ARES 2024 was one of the anchor events of PropertyGuru Week. The Summit was followed by the ARES VIP Cocktail Party, celebrating five Power Women who have become exemplars of diversity, equity, and inclusion in real estate and related fields.

Asia Real Estate Summit 2024 – Power Women Awardees, from left to right: Hari V. Krishnan, CEO & Managing Director, PropertyGuru Group; Jessica Bianca Sy, Vice President, Head of Design, Innovation & Strategy, SM Development Corporation; Ixora Ang, Managing Director, Marketing & Sales and Business Development, Tropicana Corporation Berhad, Dora Chng, Residential Director, GuocoLand Limited; Vivin Harsanto, Senior Director, Head of Advisory, JLL Indonesia; Dr. Kessara Thanyalakpark, Managing Dire

Through initiatives like the celebration of Power Women, ARES 2024 renews its commitment to diversity, equity, and inclusion. Summit delegates received gifts crafted by women and families supported by the social enterprise Dao Ethical Gifts.

The Summit also paved the way for the PropertyGuru Asia Property Awards International Luncheon, which presented the inaugural awards for the Middle East, alongside the latest awards for Cambodia, Mainland China, Hong Kong, Macau, India, Japan, and Sri Lanka. PropertyGuru Week concluded with a series of insightful presentations by Anton Love at Cinema Oasis Bangkok.

The 10th PropertyGuru Asia Real Estate Summit 2024 is sponsored by Sub-Zero Wolf, Delivering Asia, and PropertyGuru for Business and supported by official portal partner PropertyGuru; official magazine Property Report by PropertyGuru; media partners Bridges, BusinessWorld, Detik.com, Kompas.com, Luxury Society Asia, Manila Bulletin, Prop2morrow, Tatler Asia Homes, and The Philippine Star; and supporting association REHDA Institute. The ARES VIP Cocktail Party is sponsored by PropertyGuru For Business.

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

About PropertyGuru Group

PropertyGuru is Southeast Asia’s leading1 PropTech company, and the preferred destination for over 28 million property seekers2 to connect with almost 46,000 agents3 monthly 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 16 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; mortgage marketplace, PropertyGuru Finance; home services platform, Sendhelper; a host of proprietary enterprise solutions under PropertyGuru For Business including DataSense, ValueNet, Awards, events and publications across Asia.

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

(1) Based on SimilarWeb data between October 2023 and March 2024.
(2) Based on Google Analytics data between October 2023 and March 2024. 
(3) Based on data between January 2024 and March 2024.
(4) Based on data between October 2023 and March 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

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 

Australian developers win at the 19th PropertyGuru Asia Property Awards Grand Final

The 19th Annual PropertyGuru Asia Property Awards Grand Final, supported by V-ZUG Thailand, last Friday revealed the region’s finest real estate and outstanding developers at The Athenee Hotel, a Luxury Collection Hotel, Bangkok.


The conclusion of the 2024 PropertyGuru Asia Property Awards series hosted over 130 award-winning finalists from across Asia, elevating their achievements on the international stage.

Zhuhai Huafa Properties Co., Ltd. was honoured as the Best Developer in Asia—a first for the company.

This marked one of five wins for companies representing Mainland China. Winners from Mainland China included Lead8, awarded for its projects MixC Changchun and K11 Shanghai, Huaihai Middle Road. Other winning design practices were Jiang & Associates Creative Design, which won for ALIBABA BEIJING CHAOYANG SCIENCE & TECHNOLOGY PARK, and Sybarite, which won for SKP Chengdu.

Developers from Hong Kong and Macau also excelled with four winning titles. Winners included China Resources Land (Overseas) Limited and Poly Property (Hong Kong) Co., Limited, winning for PANO HARBOUR; Lek Hang Group for Hotel Central Macau; Lofter Group Limited for 1 Ki Lung Street; and New Orient Group for San Tung Fong Commerical Inn North Wing (Former LokKok Restaurant Building).

Australia garnered seven wins, three of which went to BLVD by OSK Property. Other champions included BHC Property, winning for Mercer; FY Property, Kooringa Group, MA Financial, CPDM for Chatswood Garden; Golden Sedayu for Burswood Point; and Jean Yip Developments for Elements at Carousel.

The Philippines emerged as the most awarded market with 12 accolades. Federal Land, Inc. stood out as Best Luxury Developer (Asia), accompanied by a win for Riverpark, while Federal Land NRE Global, Inc. gained the Best Breakthrough Developer (Asia) title. Aboitiz InfraCapital Economic Estates was honoured as Best Industrial Developer (Asia), supported by a win for LIMA Estate.

Adding to the Philippines’ impressive tally were titles for RLC Residences, winning for The Residences at The Westin Manila; Robinsons Offices for GBF Center 1; and work.able for work.able Robinsons Summit Center. Alveo Land won for Viento at Cerca while Sunshine Fort North Bonifacio Realty Development Corporation won for MITSUKOSHI BGC.

The Estate Makati—a collaboration between SM Development Corporation (SMDC) and Federal Land—received two titles. This year’s PropertyGuru Icon Award was presented to Henry T. Sy, Jr., non-executive director and chairman of the board at SM Prime Holdings, by the editorial team of Property Report by PropertyGuru, the official magazine of the Awards.

A wide array of companies from Malaysia triumphed with 11 wins. They included Bangsar Heights Pavilion, winning for Quayside JBCC; Berinda Group for Ponderosa Callista; City Motors Group for Alfa Bangsar; Eupe Corporation Berhad for Helix2 @ PJ South; Gunung Impian Development Sdn Bhd for Iconia Garden Residence; Iskandar Investment Berhad for Medini Innopolis; JLand Group Sdn Bhd for Sanubari @ Bandar Dato Onn; Malton Berhad for The Park 2 Pavilion Bukit Jalil; Sime Darby Property Berhad for Serenia Industrial Park; Tropicana Corporation Berhad for Avisa Residences, Tropicana Alam; and Triterra Sdn Bhd for The MET Corporate Towers.

Indonesia celebrated eight wins, led by Paramount Land, winner of the Best Township Developer (Asia) title. Sinar Mas Land garnered multiple titles for BSD City and Biomedical Campus, as well as its joint ventures: Greenland International Industrial Center (GIIC) at Kota Deltamas by JV Sinar Mas Land & Sojitz Corporation and Navapark by PT. Bumi Parama Wisesa, Hongkong Land & Sinar Mas Land J/V.

Other victorious developers from Indonesia were DM Projects Group, winning for Salty Jim Villa; PT Adhi Commuter Properti Tbk. for LRT City Cibubur; and Summarecon Group for Flora at Summarecon Bandung

Singapore continued its winning streak with eight wins. UOL Group Limited was recognised as both Best Sustainable Developer (Asia) and Best Hospitality Developer (Asia), with Meyer Blue winning an award for both UOL Group Limited and Singapore Land Group Limited. Pan Pacific Orchard meanwhile yielded a win for both UOL Group Limited and Pan Pacific Hotels Group.

Similarly, GuocoLand and Hong Leong Holdings Limited jointly won for Lentor Mansion. TID Pte. Ltd. won Best Lifestyle Developer (Asia), alongside a win for Lentoria, while FRX Capital Private Limited was named Best Boutique Developer (Asia).

Thailand earned four titles, with Sansiri Public Company Limited winning for BuGaan Pattanakarn and Narasiri Phahol-Watcharapol. AP (Thailand) Public Company Limited also represented the kingdom with a win for The City Rama5-Nakhon In while APAC Land won for APAC Tower.

Also claiming four titles, Vietnam emerged victorious with Phu Long Real Estates Corporation named as

Best Community Developer (Asia). Gamuda Land won two titles for Eaton Park while Ecopark scored a win for Ecovillage Saigon River.

From Japan, Niseko Woodlands Limited won for Grand Tsuru Niseko while Yoichi Dreams was recognised for Kisin.

Saudi Arabia debuted at the Grand Final with Oud Real-Estate Development Company winning Best Mixed Use Developer (Asia), following a series of wins during the inaugural PropertyGuru Asia Property Awards (Middle East).

From Cambodia, LP Residences Co., Ltd. received a win for its Palm Springs project. By the Waters by Suryam Developers LLP meanwhile gained a recognition for India.

Jeremy Williams, managing director for Marketplaces at PropertyGuru Group, said: “PropertyGuru’s commitment to a sustainable future in Asia is truly reflected in this year’s award winners. By raising benchmarks for resilience and sustainability, we power communities to live, work, and thrive in tomorrow’s cities. These accolades not only honour the efforts of developers and design practices but also inspire innovation that benefits property seekers, agents, and investors alike. As we celebrate the 19th edition of the Grand Final, we look forward to a wave of progress creating what’s next for the region’s built environment.”

Jules Kay, general manager of PropertyGuru Asia Property Awards and Events, said: “The 2024 PropertyGuru Asia Property Awards series included many first-time accolades. We celebrated the strengths of emerging and established property markets, expanding to new regions and revisiting the region’s leading real estate destinations. We also honoured individuals—industry legends and rising stars poised to change the game. Through the People’s Choice Awards, we engaged with property buyers, giving them a platform to support developers who share their aspirations and values. We also recognised excellence in ESG, supporting those making our industry more sustainable for future generations of property seekers. It’s an honour to conclude this series by celebrating companies across a wide variety of real estate sectors and distinguishing multiple types of projects throughout Asia Pacific, a region that is becoming home to the cities of tomorrow.”

Thien Duong, chairperson of the Grand Final, said: “This year’s winners across Asia Pacific have impressed the judges with their sustainable, functional masterplans and designs, spanning everything from expansive townships to livable homes and dynamic commercial spaces. Excellence in property development is incessantly redefined across the region, and we’re happy to contribute to this ongoing evolution. Congratulations to the Gold Standard bearers of real estate across Asia Pacific.”

An independent panel of head judges from participating markets in the Awards selected the winners: Thien Duong, general director, GroupGSA Vietnam (Vietnam); Ajai A Kapoor, CEO, 360 degrees – Real Estate Services (India); Cyndy Tan Jarabata, president of TAJARA Leisure & Hospitality Group Inc. (Philippines); Eddie Guillemette, CEO, Midori no Ki (Japan); Datuk Ar. Ezumi Harzani Ismail, president, Malaysian Institute of Architects: 2020-2022 (Malaysia); Ivan Lam​, executive director, international business, Charter Keck Cramer (Australia); Ken Ip, chairman, Asia MarTech Society (Mainland China); Kristin Thorsteins, co-founder & managing partner, Portman Investment Pte Ltd (Singapore); Dr. Nirmal De Silva, director and CEO, Paramount Realty (Sri Lanka); Paul Tse, president, board of directors, Macao Association of Building Contractors and Developers (China – Hong Kong and Macau); Sorn Seap, president, Cambodian Valuers and Estate Agents Association (Cambodia); Suphin Mechuchep, CEO, Sen X Group PCL (Thailand); and Vivin Harsanto, senior director and head of advisory, JLL Indonesia (Indonesia).

HLB ensured the fairness, transparency, and credibility of the selection process under the supervision of Paul Ashburn of HLB International Real Estate Group. The global network of independent professional accounting firms and business advisers was recognised as the “2024 Network of the Year.”

The 19th PropertyGuru Asia Property Awards Grand Final was a highlight of PropertyGuru Week, which also featured the PropertyGuru Asia Real Estate Summit; the debut of the Awards in the Middle East; and the latest editions of the Awards in Mainland China, Hong Kong, Macau, Japan, India, Sri Lanka, and Cambodia.

Organised by PropertyGuru Group, the 19th PropertyGuru Asia Property Awards Grand Final is supported by gold sponsor V-ZUG Thailand; official portal partner PropertyGuru; official magazine Property Report by PropertyGuru; media partners Bridges, BusinessWorld, d+a Magazine, Detik.com, Hot Magazine, Kiripost, Kompas.com, Luxury Society Asia, Manila Bulletin, Pattaya Trader, Prop2morrow, REm, SquareRooms, Tatler Asia Homes, The Philippine Star, and Think of Living; supporting partner REHDA Institute; and official supervisor HLB.

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

COMPLETE LIST OF WINNERS
19th PropertyGuru Asia Property Awards Grand Final

DEVELOPER AWARDS

Best Developer (Asia)
Zhuhai Huafa Properties Co., Ltd. – Mainland China (WINNER)
BHC Property – Australia
Home Lands Skyline (Pvt) Ltd – Sri Lanka
New World Development Company Limited – China – Hong Kong and Macau
Robinsons Land – Philippines
Signature Global (India) Limited – India
Sinar Mas Land – Indonesia
UOL Group Limited – Singapore

Best Luxury Developer (Asia)
Federal Land, Inc. – Philippines (WINNER)

Best Township Developer (Asia)
Paramount Land – Indonesia (WINNER)     

Best Mixed Use Developer (Asia)
Oud Real-Estate Development Company – Saudi Arabia (WINNER)

Best Sustainable Developer (Asia)
UOL Group Limited – Singapore (WINNER)
King Square Development Co., Ltd. – Thailand

Best Industrial Developer (Asia)
Aboitiz InfraCapital Economic Estates – Philippines (WINNER)

Best Lifestyle Developer (Asia)
TID Pte. Ltd. – Singapore (WINNER)

Best Hospitality Developer (Asia)
UOL Group Limited – Singapore (WINNER)          

Best Community Developer (Asia)
Phu Long Real Estates Corporation – Vietnam (WINNER)

Best Boutique Developer (Asia)
FRX Capital Private Limited – Singapore (WINNER)
Lofter Group Limited – China – Hong Kong and Macau          

Best Breakthrough Developer (Asia)
Federal Land NRE Global, Inc. – Philippines (WINNER)

DEVELOPMENT AWARDS

Best Mega Township Development (Asia)
BSD City by Sinar Mas Land – Indonesia (WINNER) 

Best Township Development (Asia)
Riverpark by Federal Land, Inc. – Philippines (WINNER)
Koh Pich City by OCIC Group – Cambodia
Summarecon Bogor by Summarecon Group – Indonesia          

Best Mixed Use Development (Asia)
Burswood Point by Golden Sedayu – Australia (WINNER)       
Gaysorn Village by Gaysorn Property Co., Ltd. – Thailand
KingsQuare by King Square Development Co., Ltd. – Thailand
Shenzhen Huafa Snow World by Zhuhai Huafa Properties Co., Ltd. – Mainland China

Best Ultra Luxury Condo Development (Asia)
The Estate Makati by SM Development Corp. and Federal Land – Philippines (WINNER)
Jianfa Zichen by Jianfa Fangdichan Jituan – Mainland China

Best Luxury Condo Development (Asia)
Meyer Blue by UOL Group Limited and Singapore Land Group Limited – Singapore (WINNER)       R&F Princess Cove Phase 2 – Seine Region by R&F Development Sdn Bhd. – Malaysia
The Seasons Residences by Sunshine Fort North Bonifacio Realty Development Corporation – Philippines
Waterdale Residencies, bordering Colombo 7 by Home Lands Skyline (Pvt) Ltd – Sri Lanka          

Best High End Condo Development (Asia)
Viento at Cerca by Alveo Land – Philippines (WINNER)
Cerule at Solinea by Alveo Land – Philippines
Xi’an Huafa Lijun ‧Center Glorous by Zhuhai Huafa Properties Co., Ltd. – Mainland China

Best Condo Development (Asia)
The Estate Makati by SM Development Corp. and Federal Land – Philippines (WINNER)
BLVD by OSK Property – Australia
Lentor Mansion by GuocoLand and Hong Leong Holdings Limited – Singapore
The Pavilia Forest by Joint Venture by New World Development Company Limited & Far East Consortium International Limited – China – Hong Kong and Macau                            

Best Mid End Condo Development (Asia)
Helix2 @ PJ South by Eupe Corporation Berhad – Malaysia (WINNER)
Aspen Peak by Rumapadu by Harmas Land & Integrasi Transit Jakarta (ITJ) – Indonesia

Best Completed Condo Development (Asia)
The Park 2 Pavilion Bukit Jalil by Malton Berhad – Malaysia (WINNER)

Best Luxury Waterfront Condo Development (Asia)
PANO HARBOUR by China Resources Land (Overseas) Limited and Poly Property (Hong Kong) Co., Limited – China – Hong Kong and Macau (WINNER)
Meyer Blue by UOL Group Limited and Singapore Land Group Limited – Singapore

Best Waterfront Condo Development (Asia)
Eaton Park by Gamuda Land – Vietnam (WINNER) 
Oceana Beach Resort Apartments & Villas – Wadduwa by Home Lands Skyline (Pvt) Ltd – Sri Lanka
The Residences at Terrazas de Punta Fuego by Landco Pacific Corporation – Philippines                                              

Best Connectivity Condo Development (Asia)
1 Ki Lung Street by Lofter Group Limited – China – Hong Kong and Macau (WINNER)

Best TOD Condo Development (Asia)
LRT City Cibubur by PT Adhi Commuter Properti Tbk. – Indonesia (WINNER)

Best Investment Condo Development (Asia)
Elements at Carousel by Jean Yip Developments – Australia (WINNER)

Best Lifestyle Condo Development (Asia)
The Residences at The Westin Manila by RLC Residences – Philippines (WINNER)

Best Eco Friendly Condo Development (Asia)             
Alfa Bangsar by City Motors Group – Malaysia (WINNER)

Best Ultra Luxury Housing / Landed Development (Asia)
BuGaan Pattanakarn by Sansiri Public Company Limited – Thailand (WINNER)

Best Luxury Housing / Landed Development (Asia)
Narasiri Phahol-Watcharapol by Sansiri Public Company Limited – Thailand (WINNER)    

Best Housing / Landed Development (Asia)
Grand Tsuru Niseko by Niseko Woodlands Limited – Japan (WINNER)
Kisin by Yoichi Dreams – Japan
Mount Rosie Signature Collection by FRX Capital Private Limited – Singapore                                              

Best Mid End Housing / Landed Development (Asia)
The City Rama5-Nakhon In by AP (Thailand) Public Company Limited – Thailand (WINNER)
Leonora at Summarecon Serpong by Summarecon Group – Indonesia          

Best Affordable Housing / Landed Development (Asia)
Avisa Residences, Tropicana Alam by Tropicana Corporation Berhad – Malaysia (WINNER)
Britania Bekasi by PT. Mekar Agung Sejahtera – Indonesia
Spring Residence at Spring City, Sentul City by PT Sentul City Tbk – Indonesia
Villa Natura by Eupe Corporation Berhad – Malaysia          

Best Completed Housing / Landed Development (Asia)
Flora at Summarecon Bandung by Summarecon Group – Indonesia (WINNER)

Best Waterfront Housing / Landed Development (Asia)
By the Waters by Suryam Developers LLP – India (WINNER)

Best Investment Housing Development (Asia)
Iconia Garden Residence by Gunung Impian Development Sdn Bhd – Malaysia (WINNER)

Best Branded Residential Development (Asia)
Quayside JBCC by Bangsar Heights Pavilion – Malaysia (WINNER)
The Residences at The Westin Manila by RLC Residences – Philippines                            

Best Luxury Townhouse Development (Asia)
Mercer by BHC Property – Australia (WINNER)

Best Townhouse Development (Asia)
Chatswood Garden by FY Property, Kooringa Group, MA Financial, CPDM – Australia (WINNER)

Best Smart Home Development (Asia)
Sanubari @ Bandar Dato Onn by JLand Group Sdn Bhd – Malaysia (WINNER)

Best Integrated Work From Home Development (Asia)
BLVD by OSK Property – Australia (WINNER)

Best Wellness Residential Development (Asia)
BLVD by OSK Property – Australia (WINNER)
The Residences at The Westin Manila by RLC Residences – Philippines

Best Heritage Development (Asia)
Hotel Central Macau by Lek Hang Group – China – Hong Kong and Macau (WINNER)
San Tung Fong Commerical Inn North Wing (Former LokKok Restaurant Building) by New Orient Group – China – Hong Kong and Macau          

Best Mega Scale Industrial Development (Asia)
Greenland International Industrial Center (GIIC) at Kota Deltamas by JV Sinar Mas Land & Sojitz Corporation – Indonesia (WINNER)

Best Industrial Development (Asia)
Serenia Industrial Park by Sime Darby Property Berhad – Malaysia (WINNER)
Light Industry & Science Park IV by Science Park of the Philippines. Inc. – Philippines

Best Green Industrial Development (Asia)
LIMA Estate by Aboitiz InfraCapital Economic Estates – Philippines (WINNER)   

Best Office Development (Asia)
The MET Corporate Towers by Triterra Sdn Bhd – Malaysia (WINNER)
83 King Lam Street by New World Development Company Limited – China – Hong Kong and Macau
Cybergate Iloilo Tower 3 by Robinsons Offices – Philippines
FourE-com Center by SM Offices by SM Prime – Philippines
JLC by Hongkong Land – Mainland China
Oriental Square by OSI by Orient Success International Investment Joint Stock Company (OSI Holdings) – Vietnam          

Best Retail Development (Asia)
MixC Changchun by Lead8 – Mainland China (WINNER)
23 Paskal Shopping Center by PT Indonesian Paradise Property Tbk and Subsidiaries – Indonesia          

Best Smart Building Development (Asia)
Biomedical Campus by Sinar Mas Land – Indonesia (WINNER)               

Best Green Development (Asia)
Navapark by PT. Bumi Parama Wisesa, Hongkong Land & Sinar Mas Land J/V – Indonesia (WINNER)
KingsQuare Residence by King Square Development Co., Ltd. – Thailand
Signature Global Titanium SPR by Signature Global (India) Limited – India

Best Nature Integrated Development (Asia)
Lentor Mansion by GuocoLand and Hong Leong Holdings Limited – Singapore (WINNER)
Kisin by Yoichi Dreams – Japan
The Morizen at Summarecon Mutiara Makassar by Summarecon Group & Sumitomo Forestry – Indonesia                            

DESIGN AWARDS

Best Mega Township Masterplan Design (Asia)
Medini Innopolis by Iskandar Investment Berhad – Malaysia (WINNER)
Riverpark by Federal Land, Inc. – Philippines

Best Township Masterplan Design (Asia)
Ecovillage Saigon River by Ecopark – Vietnam (WINNER)
Paramount Petals by Paramount Land – Indonesia

Best Mixed Use Architectural Design (Asia)
K11 Shanghai, Huaihai Middle Road by Lead8 – Mainland China (WINNER)
Quayside JBCC by Bangsar Heights Pavilion – Malaysia          

Best Condo Architectural Design (Asia)
Lentoria by TID Pte. Ltd. – Singapore (WINNER)
1 Ki Lung Street by Lofter Group Limited – China – Hong Kong and Macau
Lucky No. 16 by GAD Architectural Design (Shanghai) Co., Ltd. – Mainland China
Meyer Blue by UOL Group Limited and Singapore Land Group Limited – Singapore
PANO HARBOUR by China Resources Land (Overseas) Limited and Poly Property (Hong Kong) Co., Limited – China – Hong Kong and Macau
The Hillshore by FRX Capital Private Limited – Singapore
The Spinnaker by Landco Pacific Corporation – Philippines

Best Housing / Landed Architectural Design (Asia)
Ponderosa Callista by Berinda Group – Malaysia (WINNER)
The Links Golf Villas by PT. New Kuta Golf And Ocean View – Indonesia
The Palazzo Pinklao-Borom by AP (Thailand) Public Company Limited – Thailand
Vong Residence by V.I Land Investment Co., Ltd. – Cambodia          

Best Resort Housing Architectural Design (Asia)      
Kisin by Yoichi Dreams – Japan (WINNER)

Best Office Architectural Design (Asia)
APAC Tower by APAC Land – Thailand (WINNER)   
GBF Center 1 by Robinsons Offices – Philippines
Juli Road No.1 by GAD Architectural Design (Shanghai) Co., Ltd. – Mainland China
THE CENDAS by S E A Holdings Limited – China – Hong Kong and Macau

Best Retail Architectural Design (Asia)
MITSUKOSHI BGC by Sunshine Fort North Bonifacio Realty Development Corporation – Philippines (WINNER)               

Best Condo Interior Design (Asia)
BLVD by OSK Property – Australia (WINNER)            
2C Boundary Street by Lofter Group Limited – China – Hong Kong and Macau
Casa Rivera by HWCD Design – Mainland China
Century of Cultural Collection by HWCD Design – Mainland China                            

Best Housing / Landed Interior Design (Asia)
Salty Jim Villa by DM Projects Group – Indonesia (WINNER)
Regalità by Da Vinci Land – Singapore

Best Suburban Housing / Landed Interior Design (Asia)
Palm Springs by LP Residences Co., Ltd – Cambodia (WINNER)

Best Heritage Interior Design (Asia)           
San Tung Fong Commerical Inn North Wing (Former LokKok Restaurant Building) by New Orient Group – China – Hong Kong and Macau (WINNER)                       

Best Mega Scale Office Interior Design (Asia)
ALIBABA BEIJING CHAOYANG SCIENCE & TECHNOLOGY PARK by Jiang & Associates Creative Design – Mainland China (WINNER)          

Best Office Interior Design (Asia)
GBF Center 1 by Robinsons Offices – Philippines (WINNER)          

Best Co Working Space (Asia)
work.able Robinsons Summit Center by work.able  – Philippines (WINNER)

Best Retail Interior Design (Asia)
SKP Chengdu by Sybarite – Mainland China (WINNER)

Best Hospitality Interior Design (Asia)
Pan Pacific Orchard by UOL Group Limited and Pan Pacific Hotels Group – Singapore

Best Condo Landscape Design (Asia)
Eaton Park by Gamuda Land – Vietnam (WINNER) 
1 Ki Lung Street by Lofter Group Limited – China – Hong Kong and Macau
Lentor Mansion by GuocoLand and Hong Leong Holdings Limited – Singapore
Meyer Blue by UOL Group Limited and Singapore Land Group Limited – Singapore

PUBLISHER’S CHOICE

PropertyGuru Icon Award
Henry T. Sy, Jr., Non-Executive Director/Chairman of the Board, SM Prime Holdings Chairman and Chief Executive Officer, SM Development Corporation (WINNER)

About PropertyGuru’s 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 2024, 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 2024. 

For more information, please visit AsiaPropertyAwards.com

About PropertyGuru Group

PropertyGuru is Southeast Asia’s leading1 PropTech company, and the preferred destination for over 28 million property seekers2 to connect with almost 46,000 agents3 monthly 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 16 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; mortgage marketplace, PropertyGuru Finance; home services platform, Sendhelper; a host of proprietary enterprise solutions under PropertyGuru For Business including DataSense, ValueNet, Awards, events and publications across Asia.

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

(1) Based on SimilarWeb data between October 2023 and March 2024.
(2) Based on Google Analytics data between October 2023 and March 2024. 
(3) Based on data between January 2024 and March 2024.
(4) Based on data between October 2023 and March 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:
Udomluk Suwan, Sales Director
M: +66 87 699 4433
E: may@propertyguru.com 

Outstanding resort projects, portfolios take centre stage at 2024 PropertyGuru Asia Property Awards (Japan)

The 2024 PropertyGuru Asia Property Awards (Japan) today unveiled the finest developers, design firms, and portfolio managers from the country’s premier resort markets during an exclusive luncheon at The Athenee Hotel, a Luxury Collection Hotel, Bangkok.

H2 Life, part of H2 Group KK, Best Property Management Portfolio, PropertyGuru Asia Property Awards (Japan) 2024

H2 Life, part of H2 Group KK, was celebrated for the Best Property Management Portfolio, recognising its excellent range of completed projects throughout Japan.

Kisin by Yoichi Dreams, Best Resort Housing Architectural Design (Asia Winner), PropertyGuru Asia Property Awards 2024

Kisin by Yoichi Dreams dominated the awards, winning Best Resort Housing Development, Best Nature Integrated Development, and Best Resort Housing Architectural Design.

Grand Tsuru Niseko by Niseko Woodlands Limited, Best Housing/Landed Development (Asia Winner), PropertyGuru Asia Property Awards 2024

Grand Tsuru Niseko by Niseko Woodlands Limited was recognised as Best Boutique Resort Housing Development.

Alba by Noforma Design Studio, Top Luxury Private Villa (Greater Niseko), PropertyGuru Asia Property Awards (Japan) 2024

The Top Luxury Private Villa (Greater Niseko) award was jointly presented to Alba by Noforma Design Studio and Grand Tsuru Niseko by ABD Architecture LLC.

Niseko Woodlands Limited went on to win Best Housing / Landed Development (Asia) for Grand Tsuru Niseko at the 19th PropertyGuru Asia Property Awards Grand Final, held on the same day at The Athenee Hotel, a Luxury Collection Hotel, Bangkok. Yoichi Dreams also scored a victory at the Grand Final with the Best Resort Housing Architectural Design (Asia) award for Kisin.

Jules Kay, general manager of PropertyGuru Asia Property Awards and Events, said: “In Japan’s resorts destinations, local and international investors are launching developments that expand residential and lifestyle options for tourists and holiday home seekers alike. Beyond the winter season, these resorts offer year-round amenities and scenic natural attractions. Our awardees this year skilfully create spaces that seamlessly blend the best features of homes, hotels, and resorts. Congratulations to all our award winners in Japan.”

Eddie Guillemette, chairperson of the Awards, said: “Congratulations to all the winners of our awards in Niseko, Japan. Achieving these recognitions reflects the level of excellence in development, design, and service that captivates guests, sports enthusiasts, and investors in Niseko, Japan. We’re delighted to honour the finest projects in our resort market and celebrate exceptional craftsmanship that guides consumers on where to live, work, and play in this vibrant tourism hub.”

The independent panel of judges consists of Eddie Guillemette, CEO of Midori no Ki (MnK); Acme Wu, marketing professional for tourism and destination promotion; Bill Barnett, founder and managing director, C9 Hotelworks; Greg Hough, managing director, Niseko Portfolio and Explore Travel Group; and Minoru Okubo, representative director, ResortPropertyJapan Co., Ltd.

The selection process was supervised by Paul Ashburn, HLB International Real Estate Group. The official supervisor is part of the “2024 Network of the Year” winner HLB International, the global network of independent professional accounting firms and business advisers.

Organised by PropertyGuru Group, the 2024 PropertyGuru Asia Property Awards (Japan) are made possible by official portal partner PropertyGuru; official magazine Property Report by PropertyGuru; and official supervisor HLB.

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

COMPLETE LIST OF WINNERS
2024 PropertyGuru Asia Property Awards (Japan)

PORTFOLIO AWARD

Best Property Management Portfolio
WINNER: H2 Life, part of H2 Group KK

DEVELOPMENT AWARDS

Top Luxury Private Villa (Greater Niseko)
WINNER: Alba by Noforma Design Studio
WINNER: Grand Tsuru Niseko by ABD Architecture LLC

Best Resort Housing Development
WINNER: Kisin by Yoichi Dreams

Best Boutique Resort Housing Development
WINNER: Grand Tsuru Niseko by Niseko Woodlands Limited

Best Nature Integrated Development
WINNER: Kisin by Yoichi Dreams

DESIGN AWARD

Best Resort Housing Architectural Design
WINNER: Kisin by Yoichi Dreams

About PropertyGuru’s 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 2024, 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 2024. 

For more information, please visit AsiaPropertyAwards.com

About PropertyGuru Group

PropertyGuru is Southeast Asia’s leading1 PropTech company, and the preferred destination for over 28 million property seekers2 to connect with almost 46,000 agents3 monthly 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 16 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; mortgage marketplace, PropertyGuru Finance; home services platform, Sendhelper; a host of proprietary enterprise solutions under PropertyGuru For Business including DataSense, ValueNet, Awards, events and publications across Asia.

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

(1) Based on SimilarWeb data between October 2023 and March 2024. 
(2) Based on Google Analytics data between October 2023 and March 2024. 
(3) Based on data between January 2024 and March 2024.
(4) Based on data between October 2023 and March 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:
Thirayut Wittayakarnkowit (Tony), Solutions Manager
M: +66 93 987 9566
E: tony@propertyguru.com 

Genetec maintains stable and profitable performance on a lower Q1FY2025 revenue

Technology leader in providing turnkey, intelligent manufacturing automation solutions, GENETEC TECHNOLOGY BERHAD (“Genetec” or the “Company”), announced its financial results for the first quarter of its new financial year (“Q1FY2025). Despite the lower Year-on-Year (“YoY”) revenue, Genetec showcases its resilience with the continued profitability and high-double digit margins.

The Company recorded revenue of RM40.2 million and gross profit (“GP”) of RM7.3 million for its Q1FY2025 ending 30 September 2024. It also reported profit before tax (“PBT”) of RM4.4 million, profit after tax (“PAT”) of RM4.1 million and profit after tax and minority interest (PATAMI) of RM4.8 million. Genetec continues to maintain double-digit margins for its GP, PBT, PAT and PATAMI of 18.2%, 10.9%, 10.2% and 11.9%, respectively.

Genetec acknowledged that the last quarter has been challenging for the business which it believes was mainly attributed to policy uncertainties from the client’s operating markets. With the conclusion of the U.S. Presidential election and European policy developments, particularly on inflation, import tariffs, and decarbonisation, there is a sense of relief and clarity, and companies are moving forward with their capital expenditure with greater certainty.

The Company, leveraging its expertise in customised automation technology and project execution, continue to work closely with its clients to deliver tailored solutions aimed at enhancing manufacturing automation, improving efficiency and increasing production yield for its clients. With its strong track record, Genetec is confident in its ability to continue to build trust and secure recurring business from its clients. Its high client retention rate stands as a testament to its exceptional performance and has been a key factor in the Company’s success. This strong foundation enables the Company to broaden its scope and product offerings with other divisions within the organisation of its existing clients to grow revenue over the long-term. At the same time, the Company’s business development team continue to explore new opportunities in new markets and industries, leveraging on its extensive experience and proven success working with leading international and reputable clients.

Genetec’s Battery Energy Storage System (“BESS”) business is slowly gaining traction as it executes smaller-scale but strategically significant projects in both domestic and international markets. The Company remains confident that its execution capabilities and international track record will position Genetec favourably. Market developments such as the government’s recently announced Corporate Renewable Energy Supply Scheme (CRESS) through interest in pairing BESS technology with solar projects, will also support demand for BESS moving forward, and is a step in achieving 70 percent renewable energy in the capacity mix by 2050[1].

Moving forward, Genetec remains committed to its strategy and focus on operational efficiency, strict cost management. With its low gearing levels and recent sale of subsidiary CLT Engineering Sdn Bhd to add to its already strong cash position, Genetec is positioning itself to ramp up operations in the coming months.

About Genetec Technology Berhad

Genetec Technology Berhad is a technology leader in providing customised full turnkey smart factory automation manufacturing lines. It is a public company listed on the Main Market of Bursa Malaysia Securities Berhad (Stock code: 0104). Its principal business focus is in the provision of high-quality, responsive and cost-effective designs, as well as the manufacturing of automated industrial systems, equipment and value-added services for its global customers in the Electric Vehicle (EV), Energy Storage, Automotive, Hard Disk Drive (HDD), Consumer Goods and Healthcare sectors.

For more information please visit: https://genetec.net/.

Issued by: Narro Communications on behalf of Genetec Technology Berhad

[1] Source: Suruhanjaya Tenaga – Guidelines for CRESS

RichTech Digital Berhad Signs Underwriting Agreement with KAF Investment Bank Berhad

RichTech Digital Berhad (“RichTech” or the “Company”), a company involves in the distribution of electronic reloads and provision of bill payment services in Malaysia, is pleased to announce the signing of underwriting agreement with KAF Investment Bank Berhad (“KAF”) for its upcoming public offering in conjunction with the listing on the ACE Market of Bursa Malaysia Securities Berhad (“ACE Market”). This pivotal milestone underscores RichTech’s determination to continued innovation and growth in the electronic reloads and bill payment sector of Malaysia.

1. Ms. Agnes Wong Eei Nien, Executive Director of RichTech Digital Berhad
2. Mr. Lee Teik Keong, Managing Director of RichTech Digital Berhad
3. Mr. Wong Koon Wai, Non-Independent Non-Executive Chairman of RichTech Digital Berhad
4. En. Rohaizad Ismail, Chief Executive Officer of KAF Investment Bank Berhad
5. Mr. Yap Chin Fatt, Director, Corporate Finance of KAF Investment Bank Berhad [L-R]

Established in 2010, RichTech is a leading provider of electronic reloads and bill payment services in Malaysia, powered by its proprietary SRS platform. The platform enables electronic reloads for mobile airtime and data, prepaid digital TV, gaming credits, application credit, and e-wallet credit, as well as bill payments for postpaid mobile network, utilities, maintenance services of national sewerage systems, internet, postpaid digital TV, quit rent, assessment payment, and education loans. It serves over 4 million users nationwide.

This Initial Public Offering (“IPO”) exercise will involve a public issue of 54.66 million new ordinary shares (“Issue Shares”) and 25.31 million existing shares to be offered under Offer for Sale (“Offer Shares”), collectively representing 39.50% of the Company’s enlarged issued share capital. The allocation of the Issue Shares and Offer Shares are as follows:

The allocation of Issue Shares will be offered in the following manner: –

1. Shares for the Malaysian Public via Balloting:
– 10.12 million Issue Shares, equally distributed between Bumiputera and non-Bumiputera investors (5% of the enlarged issued share capital).

2. Allocation to Eligible Directors and Employees:
– 1.55 million Issue Shares (0.77% of the enlarged issued share capital).

3. Private Placement to Selected Investors:
– 42.99 million Issue Shares (21.23% of the enlarged issued share capital).

4. Offer for Sale via Private Placement to Selected Investors:
– 25.31 million Offer Shars (12.50% of the enlarged issued share capital).

KAF, in its role as Principal Adviser, Sponsor, Underwriter, and Placement Agent, will underwrite 11.67 million Issue Shares allocated for the Malaysian public and eligible individuals.

Mr. Lee Teik Keong, Managing Director of RichTech, said, “The partnership with KAF enables us to take our services to greater heights while strengthening our ability to serve the growing market. With the funds raised, we will focus on expanding our SRS platform, enhancing our technological infrastructure, and introducing innovative services to cater to evolving consumer needs.”

Rohaizad Ismail, Chief Executive Officer of KAF, remarked, “It is our honour to be part of RichTech’s remarkable journey to the ACE Market. RichTech’s focus on service excellence positions it as a key player in Malaysia’s electronic reloads and bill payment sector. This IPO will equip the company with the resources it needs to scale its impact and deliver exceptional value to its stakeholders.”

RichTech will utilise IPO proceeds to fuel growth in the distribution of electronic reloads and provision of bill payment services, including marketing efforts to expand its SRS corporate and end-user base, as well as utilising the proceeds for general working capital purposes. A portion will fund the acquisition of a new office to consolidate its headquarters and branch under one roof, enhancing corporate profiling and operational efficiency. The remainder will cover listing expenses pertaining to its ACE Market debut and support strategic growth initiatives. The listing of RichTech on Bursa Securities will provide a solid platform for the company to accelerate its growth and advance its vision to become a leading force in Malaysia’s electronic reloads and bill payment industry.

KAF Investment Bank Berhad is the Principal Adviser, Sponsor, Underwriter and Placement Agent. 

About RichTech Digital Berhad (“RichTech”)

RichTech Digital Berhad is a leading provider of electronic reload and bill payment services in Malaysia, driven by its proprietary SRS platform. Established in 2010, the SRS platform enables electronic reloads for mobile airtime and data, prepaid digital TV, gaming credits, application credit, and e-wallet credit as well as bill payments for postpaid mobile network, utilities, maintenance services of national sewerage systems, internet, postpaid digital TV, quit rent, assessment, and education loans. With a network of over 4 million users nationwide, the Company delivers a one-stop solution with secure, scalable, and innovative technology to meet Malaysia’s growing demands on electronic reloads and bill payment sector.

For more information, visit https://richtech.my/index.html

Issued By: Swan Consultancy Sdn. Bhd. on behalf of RichTech Digital Berhad

For more information, please contact:

Jazzmin Wan
Email: j.wan@swanconsultancy.biz

Xinyi Ching
Email: x.ching@swanconsultancy.biz

Doubleview Gold Corp Is Concluding the Successful Drill Season of 2024

Doubleview Gold Corp. (TSXV: DBG) (OTCQB: DBLVF) (FSE: 1D4) (the “Company” or “Doubleview”) is pleased to announce that it has completed another successful drill season at its 100% owned Polymetallic Hat porphyry project, located in northwestern British Columbia. As previously announced, on October 16, 2024, the objectives of this drill season were to confirm the Mineral Resource Estimate’s (‘MRE’) block model, proof further the continuity of mineralization, increase the resource model integrity, and test new areas.

In this 2024 drill season, the Company again drilled more than 10,000 metres in 18 drill holes. 5,627 drill core samples weighing over 23 tonnes were shipped to an accredited analytical laboratory. Doubleview’s QA/QC sampling and assaying protocols are shown below. Highlights of the initial assay results from drill holes H072, H073 and H074 from the October, 16th 2024 News Release are:

Drill hole H072:

  • 686.0m of 0.23% Cu, 0.16 g/t Au, 64 g/t Co, 0.33 g/t Ag and 25.7 g/t Sc (0.38% CuEq*)
  • including 154.0m of 0.66% Cu, 0.46 g/t Au, 112 g/t Co, 0.96 g/t Ag and 24 g/t Sc (1.07% CuEq*)
  • including 62.0m of 1.12% Cu, 0.79 g/t Au, 173 g/t Co, 1.62 g/t Ag and 23.9 g/t Sc (1.81 % CuEq*)
  • including 2.0m of 5% Cu, 2.96 g/t Au, 511 g/t Co, 5.03 g/t Ag and 7 g/t Sc (7.48% CuEq*)

Drill hole H073:

  • 109m of 0.29% Cu, 0.21 g/t Au, 83 g/t Co, 0.47 g/t Ag and 6 g/t Sc (0.5% CuEq*).

Drill hole H074:

  • 128 m of 0.18%Cu, 0.14 g/t Au, 82 g/t Co, 0.29 g/t Ag and 29 g/t Sc (0.33% CuEq*)

(* Note 1: CuEq currently does not include the Scandium)
(Refer to the news release October 16th, 2024 for details)

As predicted in Doubleview’s MRE block model, drilling successfully encountered mineralization in previously un-drilled areas which also confirmed the model. In addition, three other areas were drilled. One, located at the east side of the project had been drilled previously by one hole, but this season’s drill holes explored an area of about 125m to the north of the drill site. Doubleview also stepped out 300m to the north and northwest of the Lisle Deposit to test anomaly E. Visual inspection of the drill core from these areas confirms continuity of pyrite and chalcopyrite mineralization that is characteristic of the Hat deposit.

Farshad Shirvani, president & CEO of Doubleview, stated: “We set out with several goals this season and I am pleased to announce that all objectives have been met. I sincerely appreciate the hard work of our field crew who tirelessly worked to achieve the 10,000-metre milestone again. I am looking forward to receiving the results. The continued development of our remarkable Polymetallic Hat project is bringing the spotlight to the mineral wealth of the region and the entire province of British Columbia. It takes projects like the Hat to secure important critical minerals such as copper, cobalt and scandium for the green evolution in North America and elsewhere.”

Cannot view this image? Visit: https://images.newsfilecorp.com/files/8003/231397_fd21d95da4c73a37_001.jpg

H077, depth 251.5m: potassic alteration and chalcopyrite mineralization in an epidote vein

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8003/231397_fd21d95da4c73a37_001full.jpg

The Hat deposit now extends over an area of about 1.6 x 1.7 kilometers, No boundaries of mineralization have been encountered.

Cannot view this image? Visit: https://images.newsfilecorp.com/files/8003/231397_fd21d95da4c73a37_002.jpg

H075, depth 230.4m: massive chalcopyrite mineralization

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8003/231397_fd21d95da4c73a37_002full.jpg

Doubleview is awaiting the analytical results from the laboratory which will be announced as soon as the usual data compilation and QA/QC procedures are completed. These results are going to contribute to the updated mineral resource estimate (‘MRE 2.0’).

Quality Assurance and Quality Control:

Hat Project drill cores are processed at Doubleview’s camp where they are photographed, measured and logged by our technical staff and then divided using a diamond bladed saw. One half is placed in a stout bag to form the assay sample that is forwarded securely to the independent analytical lab. The remaining half core is stored on site where it is available for further examination and sampling. The assay cores are subject to a Chain of Custody routine as they are shipped from camp to a bonded carrier for delivery to the lab.

Core samples are analysed at the North Vancouver facility of ALS Canada Ltd. using their PREP-31, PGM-ICP24, ME-MS61, and ME-ICP06 packages. Each core sample is dried, then crushed to 70% passing a 2mm screen. All material is processed in an automatic Riffle splitter to yield a 250g homogenized, representative sample. This sub-sample is then pulverized to 85% passing a 75-micron screen. All samples are analyzed for Au, Pt, Pd by 50g fire-assay fusion/ICP-ES finish, using PGM-ICP24 package. A separate 0.25g pulp split is analyzed by Four Acid digestion/ICP-MS finish, reporting 48 elements. Over limit elements are analyzed by Ore Grade Four Acid digestion/ICP-ES finish using ME-OG62 assay package. All of Doubleview’s core samples are analyzed or assayed at independent ISO 17025 and ISO 9001- certified laboratories.

When initial assays are received and accepted by our staff, a certain fraction of the samples will be sent to a second ISO-certified lab for check assay and verification purposes. Assays will be reported in News Releases.

Doubleview maintains a website at www.doubleview.ca.

Qualified Persons:

Erik Ostensoe, P. Geo., a consulting geologist, and Doubleview’s Qualified Person with respect to the Hat Project as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects, has reviewed, and approved the technical contents of this news release. He is not independent of Doubleview as he is a shareholder in the company.

About Doubleview Gold Corp

A mineral resource exploration and development company is headquartered in Vancouver, British Columbia, Canada. It is publicly traded on the TSX-Venture Exchange (TSXV: DBG), (OTCQB: DBLVF), (WKN: LA1W038), and (FSE: 1D4). Doubleview focuses on identifying, acquiring, and financing precious and base metal exploration projects across North America, with a strong emphasis on British Columbia. The company enhances shareholder value through the acquisition and exploration of high-quality gold, copper, cobalt, scandium, and silver projects-collectively critical minerals-utilizing cutting-edge exploration techniques.

Doubleview’s success is deeply rooted in the unwavering support of its long-term shareholders, supporters, and institutional investors. Their ongoing commitment has been instrumental in advancing the company’s strategic initiatives. Doubleview looks forward to further collaborative growth and development, and continues to welcome active participation from its valued stakeholders as the company expands its portfolio and strengthens its position in the critical minerals sector.

About the Hat Polymetallic Deposit

The Hat Deposit, located in northwestern British Columbia, is a polymetallic porphyry project with major resources of copper, gold, cobalt, and the potential for scandium. As one of the region’s significant sources of critical minerals, the Hat deposit has undergone targeted exploration and development. The 0.2% CuEq cut-off resource estimate, as of the recently completed Mineral Resource Estimate and the Company’s July 25, 2024, news release, is summarized below:

   Average GradeMetal Content
Open Pit Model HatResource CategoryTonnageCuEqCuCoAuAgCuEqCuCoAuAg
Mt%%%g/tg/tmillion lbmillion lbmillion lbthousand ozthousand oz
In PitIndicated1500.4080.2210.0080.190.421,353733289292,045
Inferred4770.3440.1850.0090.150.493,6191,945912,3287,575

Scandium potential for the Hat Deposit is estimated to be 300 to 500 million tonnes at an average grade of 40 ppm (0.004%) Sc2O3.

For further details of the MRE, please refer to the Company’s July 25, 2024 news release.

On behalf of the Board of Directors,

Farshad Shirvani, President & Chief Executive Officer

For further information please contact:

Doubleview Gold Corp
Vancouver, BC Farshad Shirvani
President & CEO

T: (604) 678-9587
E: corporate@doubleview.ca

NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

Certain of the statements made and information contained herein may constitute “forward-looking information.” In particular references to the private placement and future work programs or expectations on the quality or results of such work programs are subject to risks associated with operations on the property, exploration activity generally, equipment limitations and availability, as well as other risks that we may not be currently aware of. Accordingly, readers are advised not to place undue reliance on forward-looking information. Except as required under applicable securities legislation, the Company undertakes no obligation to publicly update or revise forward-looking information, whether as a result of new information, future events or otherwise.

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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/231397