PropertyGuru Asia Real Estate Summit concludes ninth edition, focusing on ‘Powering Communities’

  • Global Thought and Industry Leaders Joined This Year’s Summit to Tackle The Future of Cities

PropertyGuru Asia Real Estate Summit (ARES), the thought leadership platform of PropertyGuru Group (NYSE: PGRU), Southeast Asia’s leading property technology company, held its highly anticipated ninth edition featuring global thought and industry leaders, focusing on the theme, Powering Communities, and how responsible leaders can build and improve tomorrow’s cities.

Global thought and industry leaders joined this year’s PropertyGuru Asia Real Estate Summit to tackle the future of cities

ARES 2023 brought together more than 400 delegates from around the world for an inspiring, insightful hybrid conference and event. Nearly 40 speakers initiated much-needed, thought-provoking conversations around the future of communities, business, leisure, and innovation.

This year’s theme aligns with PropertyGuru Group’s vision to power communities to live, work, and thrive in tomorrow’s cities. This vision was unpacked during the welcome keynote of PropertyGuru Group CEO & Managing Director, Hari V. Krishnan, who mentioned that ARES 2023 was being held on the eve of the 16th anniversary of PropertyGuru Group’s founding as a company.

Hari Krishnan, PropertyGuru Group, Chief Executive Officer & Managing Director, delivering the Opening Keynote

“As a responsible market leader, we strive towards empowering everyone in their property journey make confident property decisions through relevant content, actionable insights, and world-class service. From enabling homebuyers find and finance their dream homes, to helping expats find suitable accommodations, to supporting our enterprise clients make the right investments, to sharing authentic first party data with banks and valuers and to providing meaningful information to policymakers, we are there with each stakeholder, guiding them at every step of their way,” Hari said.

The first segment of ARES 2023, “Live: Future of Communities”, continued with a keynote address on new economic drivers and the outlook for Asia in 2024 from Sumana Rajarethnam, Director, South-East Asia, Economist Intelligence Corporate Network. The segment also featured a keynote from Kenya-based Dr. Edlam Abera Yemeru, Chief of Knowledge and Innovation Branch at UN-Habitat, on adoptive communities and the creation of SDG Cities. David Gissen, Author, Designer, Educator, Consultant / Professor of Architecture and Urban History, Parsons School of Design, then delivered the International Keynote on rethinking buildings and the concept of the one-storey city.

The second segment, “Work: Future of Business”, kicked off with Chelsea Perino, Managing Director, Global Marketing & Communications, The Executive Centre, who delivered a talk on the creative evolution of workspaces and hybrid work arrangements.

The first panel discussion of the day was led by Manav Kamboj, Chief Technology Officer and Managing Director, Fintech at PropertyGuru Group. The tech panel discussed the use of A.I. in design, data, digital twins, and metaverse blockchain technologies, with speakers Jirayut “Topp” Srupsrisopa, Founder & Group CEO, Bitkub Capital Group Holdings Co., Ltd.; Prof. Jason Pomeroy, Founding Principal, Pomeroy Studio & Pomeroy Academy / Fellow, University of Cambridge Institute for Sustainability Leadership; and Wenhui Lim, Director, SPARK Architects.

Concluding the second segment and the morning sessions was a presentation from PropertyGuru For Business, showcasing the latest investments in data science to develop products and solutions for enterprise customers and partners in the Southeast Asian region. PropertyGuru Group’s Jeremy Williams, Managing Director, Marketplaces, and Shyn Yee Ho-Strangas, Managing Director, Data and Software Solutions, inaugurated the session and discussed unlocking value for businesses, followed by Dr. Nai Jia Lee, Head of Real Estate Intelligence, Digital and Software Solutions, who talked about urbanism and the liveability index. The presentation ended with Bob Koppes, Director of Strategies, who presented using payment and mobility data analytics.

The afternoon sessions opened the third segment of ARES 2023, titled “Thrive: Future of Leisure”, with a virtual presentation from Malaysia’s David Chong, COO of REHDA Institute, who talked about building affordability in megacities. The segment continued with panel discussions on destination dining; the rise of pet culture in urban areas; and demographic changes reshaping property markets. The panel speakers included Dr. Aladdin D. Rillo, Senior Economic Advisor, Economic Research Institute for ASEAN and East Asia (ERIA); Amy Sawitta Lefevre, Former International Journalist (ex-Reuters); Christine Li, Head of Research, Asia Pacific, Knight Frank; Colin Chee, Creator & Creative Director, Never Too Small; Didi Almeyda, Author, Former Journalist & Indonesia’s Animal Whisperer; Jessica Zafra, Award-winning Author, Journalist, Animal Welfare Advocate; Keiran Gibb, Founder and Director, Monogic; Michelle Martin, Broadcaster & Talk Show Host, Money FM 89.3; Pippa Woodhead, Head of Podcasts, Tigerhall; and the husband-and-wife team of Tanjira “Fay” Tragoolvongse, Owner & Manager, Cadence by Dan Bark / Caper by Dan Bark, and Chef Dan Bark, who was awarded the Michelin Star for Cadence just after six months of opening.

Andrea Savage, Co-CEO of A Life B Design, a renowned interior designer, and former HGTV Asia presenter, jointly delivered the Design Keynote on the universal language of spaces and transformative experiences with Cameron Richards, Founder & CEO, CPR Vision Management.

As chairperson of ARES, Stephen Oehme, Value Management Specialist & Sustainability Advocate / Managing Director, Quantum, joined in virtually via video feed from COP28 in Dubai to talk about the latest in sustainable development goals, inclusive approaches to development, and the decentralisation of cities.

ARES continues to be an inclusive and diverse event with half of the expert line-up comprising women and/or members of the LGBTQ+ community. ​This year, Shane Bhatla, Associate Director, Equal Asia Foundation, delivered the Expert Talk on inclusive language in real estate for minorities and people with disabilities, closing the third segment.

The final segment of the summit, “Thrive: The Future of Innovation”, opened with a keynote from India’s Vinu Daniel, Founder of Wallmakers. The climate-responsive architect, who was recently named as one of TIME100 Next and delivered a well-received TED2023 talk last April, was presented the PropertyGuru Visionary Award at ARES 2023 for his sustainable designs using mud and debris.

ARES Visionary of the Year awardee Ar. Vinu Daniel, Climate-Responsive Architect, TED Speaker & Founder of Wallmakers with Jules Kay, GM of PropertyGuru Asia Property Awards and Events

Ar. Daniel told Property Report by PropertyGuru, the official magazine of the ARES 2023: “Construction is happening everywhere all the time. It would be great if we can share our knowledge.”

Colin Chee, creator and founder of the popular web channel, Never Too Small, who won last year’s Visionary Award, returned to the ARES stage to present a case study on interior design that repurposes waste from construction and demolition sites. The case study included preview clips from his “Wonderful Waste” limited series.

The fourth segment included The Leaders Panel discussion on multi-sector real estate, industry resilience, and challenges in sustainable development with Cyndy Tan Jarabata, President, TAJARA Leisure and Hospitality Group; Hang Dang, Managing Director, CBRE Vietnam; Rita Chow, Founder & Chief Business Officer, Sunshine PR (China); Stephen Pimbley, Founding Partner & Director, SPARK Architects; and moderator Marco Lobregat, Asia Editor, Bridges / International Director, Synergy Media Specialists.

Ornpaka (Tong) Vudhikosit, Senior Industry Manager (Travel, Real Estate, and eCommerce), Google Thailand, concluded the fourth segment with an expert talk on the future of digital innovation.

Following the summit, distinguished participants and guests took part in the ARES VIP Cocktail Party: Celebration of Women, honouring industry leaders who embody the spirit of “live, work, thrive”. The 2023 ARES Power Women were: Andrea Savage, Co-CEO, A Life By Design; Chelsea Perino, Managing Director, Global Marketing & Communications, The Executive Centre; Coco Liu, Chief Regional Officer, Asia Pacific, HLB International; Esther An, Chief Sustainability Officer, City Developments Limited / Chair, Corporate Advisory Board, World Green Building Council; Hang Dang, Managing Director, CBRE (Vietnam) Co., Ltd.; and Joanne Kua, Group CEO, KSK Group.

ARES 2023 was one of the anchor events of PropertyGuru Week attended by top executives and industry leaders in the region. The week started with the Real Estate Leaders’ Roundtable on 6 December, hosted by PropertyGuru For Business; followed by ARES 2023 and the ARES VIP Cocktail Party on 7 December; and two exclusive galas on 8 December: the International Luncheon to present the country awards for China, Greater Niseko, and India, and the 18th PropertyGuru Asia Property Awards Grand Final, which drew country and regional winners from Southeast Asia, China, Japan, India, and Australia. The week closed with a private screening at Cinema Oasis Bangkok for “Wonderful Waste” by Never Too Small.

PropertyGuru Asia Real Estate Summit 2023 is supported by official portal partner PropertyGuru; official magazine Property Report by PropertyGuru; official publicity partner Artemis Associates; media partners Bridges, d+a Magazine, Hot Magazine, Manila Bulletin, Powderlife, REm, and Techsauce; and supporting associations IFC – Excellence in Design for Greater Efficiencies, and REHDA Institute. The ARES VIP Cocktail Party was sponsored by PropertyGuru For Business, and partners Dao Ethical Gifts (Women Empowerment Project) and Fah Mai Holdings Inc.

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

NOTE: Use of the PropertyGuru logo is limited to the publication of this article only.

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, Media Relations & Marketing Services Manager

M: +66 92 701 2510

E: nate@propertyguru.com

Marketing:

Marco Bagna-Dulyachinda, Product Lifecycle Marketing Manager

M: +66 94 954 4154

E: marco@propertyguru.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 2023, 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 leading(1)PropTech company, and the preferred destination for over 37 million property seekers(2) to connect with almost 59,000 agents monthly(3) to find their dream home. PropertyGuru empowers property seekers with more than 2.9 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 15 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.comPropertyGuru Group on LinkedIn.

Footnotes & Citation:

(1) Based on SimilarWeb data between April 2023 and September 2023.

(2) Based on Google Analytics data between April 2023 and September 2023.

(3) Based on data between July 2023 and September 2023.

(4) Based on data between April 2023 and September 2023.

Group: Key Statistics as of November 2023

* Property seekers: 37 million

* No. of agents: 59,000

* Real estate listings: 2.9 million

Strong Category Leadership Drives Long-Term Growth Opportunities

As of September 30, 2023, PropertyGuru continued its Engagement Market Share* 

* Singapore: 83% – 6.2x the closest peer

* Malaysia: 92% – 12.8x the closest peer

* Vietnam: 80% – 4.0x the closest peer

* Thailand: 51% – 1.7x the closest peer

*Based on SimilarWeb data between April 2023 and September 2023.

The 4th PropertyGuru Asia Property Awards (India) recognise the nation’s finest real estate companies

The 4th PropertyGuru Asia Property Awards (India) were presented today in an exclusive luncheon and presentation ceremony at The Athenee Hotel, a Luxury Collection Hotel, Bangkok.

The exclusive luncheon and presentation ceremony, hosted at The Athenee Hotel, a Luxury Collection Hotel, Bangkok.

DLF Cyber City Developers Ltd. came out on top as the year’s biggest winner, scoring the title of Best Sustainable Developer. The company also earned Special Recognitions in ESG and Sustainable Design and Construction.                  

A wide array of companies and projects were given Special Recognitions this year. Supreme Universal received the Special Recognition for Luxury Development while Turner House by Raiaskaran won the Special Recognition for Landmark Office Design. The Special Recognition for Redevelopment was meanwhile presented to S. Raheja Realty.

The latest edition of the Awards in India also recognised the country’s finest integrated, mixed-use, and office projects, including Brigade Cornerstone Utopia by Brigade Group and The Ark- Voyage to the Stars by Tribeca Developers & Acropolis Developer. Embassy REIT gained wins for the projects Embassy Hub Phase 1 and Embassy Manyata Block D1 & D2.

Embassy Hub Phase 1 by Embassy REIT, Winner of the Best Office Development at the PropertyGuru Asia Property Awards (India) 2023

Jeremy Williams, managing director, Marketplaces, PropertyGuru Group, said: “Congratulations to the distinguished companies and projects that have raised the standard of real estate in India. The winners represent the continual improvement in the quality of real estate in India, showcasing a readiness to meet the demands of NRIs, the domestic housing market, and investors. We look forward to seeing many more such exemplary companies committed to transforming the nation’s property sector for the better.”

Jules Kay, GM of PropertyGuru Asia Property Awards and Events, said: “The built environment of India continues to show impressive growth with the support of smart property seekers and investors at home and abroad. Thanks to the country’s many experienced property developers and high-performing real estate investment trusts, the country’s award-worthy residential and commercial offerings have made great strides in terms of design and construction in recent years, setting quality benchmarks both at a national and international level.”

The independent panel of judges who determined the list of awardees this year consist of Ajai A Kapoor, chairperson of the Awards in India and CEO of 360 degrees – Real Estate Services; Avinash Khater, founder chairman, The Real Estate Kings (TREK); Jitender Girdhar, co-founder & director, Qonqests Technical Solutions and VDC Technologies; Madhav Raman, co-founder, Anagram Architects; Ravi Ahuja, India Real Estate Services; Shradha Batra Mithal, director, Alto Vita; and Sidhartha Talwar, principal and co-founder, Studio Lotus.

HLB supervised the selection process under the leadership of Surabhi Bansal, partner with HLB Advisory Services Delhi LLP.

Organised by PropertyGuru Group (NYSE: PGRU), Southeast Asia’s leading property technology company, the 4th PropertyGuru Asia Property Awards (India) are supported by official portal partner Housing.com; official marketing partner SHK360; official magazine Property Report by PropertyGuru; media partner The Hindu; supporting association IFC – Excellence in Design for Greater Efficiencies; official courier partner Ezy Express; and official supervisor HLB.

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

COMPLETE LIST OF WINNERS

4th PropertyGuru Asia Property Awards (India)

DEVELOPER AWARD                            

Best Sustainable Developer                           
WINNER: DLF Cyber City Developers Ltd.                               

DEVELOPMENT AWARDS

Best Integrated Development                       
WINNER: The Ark- Voyage to the Stars by Tribeca Developers & Acropolis Developer                            

Best Mixed Use Development                       
WINNER: Brigade Cornerstone Utopia by Brigade Group                            

Best Office Development                                 
WINNER: Embassy Hub Phase 1 by Embassy REIT                            

DESIGN AWARD                            

Best Office Architectural Design                   
WINNER: Embassy Manyata Block D1 & D2 by Embassy REIT                            

SPECIAL AWARDS                            

Special Recognition in ESG                             
WINNER: DLF Cyber City Developers Ltd.   

Special Recognition in Sustainable Design and Construction                   
WINNER: DLF Cyber City Developers Ltd.             

Special Recognition for Luxury Development                              
WINNER: Supreme Universal   

Special Recognition for Landmark Office Design                        
WINNER: Turner House by Raiaskaran        

Special Recognition for Redevelopment                      
WINNER: S. Raheja Realty                                                 

ABOUT PROPERTYGURU ASIA PROPERTY AWARDS:

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

In 2023, the Awards series is open to more than a dozen 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 2023. 

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 37 million property seekers(2) to connect with almost 59,000 agents monthly(3) to find their dream home. PropertyGuru empowers property seekers with more than 2.9 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 15 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.

Footnotes & Citation:

(1) Based on SimilarWeb data between April 2023 and September 2023.
(2) Based on Google Analytics data between April 2023 and September 2023.
(3) Based on data between July 2023 and September 2023.
(4) Based on data between April 2023 and September 2023.

Group: Key Statistics as of November 2023

* Property seekers: 37 million
* No. of agents: 59,000
* Real estate listings: 2.9 million

Strong Category Leadership Drives Long-Term Growth Opportunities

As of September 30, 2023, PropertyGuru continued its Engagement Market Share*

* Singapore: 83% – 6.2x the closest peer
* Malaysia: 92% – 12.8x the closest peer
* Vietnam: 80% – 4.0x the closest peer
* Thailand: 51% – 1.7x the closest peer

*Based on SimilarWeb data between April 2023 and September 2023.

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 92 701 2510
E: piyachanok@propertyguru.com    

Sponsorships:
Kanittha Srithongsuk, Regional Manager, Awards Sponsorship
M: +66 93 293 9794
E: kanittha@propertyguru.com

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

Japan’s finest alpine real estate rises at the 2023 PropertyGuru Asia Property Awards (Greater Niseko)

The 2023 PropertyGuru Asia Property Awards (Greater Niseko) today distinguished the companies catalysing the development of Japan’s foremost skiing destination.

The exclusive luncheon and presentation ceremony, hosted at The Athenee Hotel, a Luxury Collection Hotel, Bangkok.

In an exclusive ceremony at The Athenee Hotel, a Luxury Collection Hotel, Bangkok, Apex Property triumphed as Best Developer, with wins for its developments Hanaridge and Hanacreek.

Hanaridge was distinguished as Best Housing Development (Greater Niseko) and Best Estate Housing Development while Niseko Kyo by Rooftop RE (Japan) Pte Ltd was named Best Condo Development (Greater Niseko) and Best Luxury Hotel Condo Development.

Niseko Kyo by Rooftop RE (Japan) Pte Ltd, Winner of the Best Condo Development (Greater Niseko)

Iconic Group accumulated wins for the projects Aura Niseko and Zia Niseko. Aki Niseko by Takuetsu Co., Ltd. also gained multiple winning titles.

Other winning projects were Hotel101-Niseko by Hotel101 Global Pte. Ltd.; Sushi Kato Setsu Niseko by Sushi Kato; and Ultimo Niseko by Blue Waves Group.

The 2023 Awards had 15 categories, including distinctions like the Best Property Management Portfolio, awarded to NISADE & The Luxe Nomad, and the Special Recognition for Public Recreation Facility, presented to the Niseko Area Mountain Bike Association (NAMBA).

Jeremy Williams, managing director, Marketplaces, PropertyGuru Group, said: “I want to congratulate the awardees on their well-deserved recognition at the PropertyGuru Asia Property Awards (Greater Niseko). These award-winning companies have shown competence and creativity with their homes, hotels, condominiums, condotels, resorts, and assets, proving that the standards of real estate in Japan’s premier skiing destination continue to scale new heights.”

Apex Property wins Best Developer, the top honour of PropertyGuru Asia Property Awards (Greater Niseko) 2023

Jules Kay, GM of PropertyGuru Asia Property Awards and Events, said: “It is great to have seen the PropertyGuru Asia Property Awards expand their recognition of the diverse residential, hospitality, and investment properties on offer in Greater Niseko. With beautiful built spaces to match its natural wonders, Japan’s leading ski destination holds lasting appeal for international property seekers, and the Awards showcase the destination as well as its standard-setting developers.”

The independent panel of judges who determined the list of awardees this year consist of Eddie Guillemette, chairperson of the Greater Niseko awards and CEO, Midori no Ki (MnK); Acme Wu, marketing director, Niseko Tourism; Bill Barnett, founder and managing director, C9 Hotelworks; Greg Hough, managing director, Niseko Portfolio and Explore Travel Group; Minoru Okubo, representative director, ResortPropertyJapan Co., Ltd.; and Shigeru Uehara, director, Niseko Home Design, Ltd.

HLB upheld the fairness, transparency, and credibility of the selection process under the supervision of Paul Ashburn of HLB International Real Estate Group.

Organised by PropertyGuru Group (NYSE: PGRU), Southeast Asia’s leading property technology company, the 2023 PropertyGuru Asia Property Awards (Greater Niseko) are supported by official magazine Property Report by PropertyGuru; media partners Bridges and Powderlife; supporting association Niseko Tourism; official courier partner Ezy Express; and official supervisor HLB.

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

COMPLETE LIST OF WINNERS AND HIGHLY COMMENDED AWARDEES

2023 PropertyGuru Asia Property Awards (Greater Niseko)

DEVELOPER AWARD

Best Developer                                  
WINNER: Apex Property

PORTFOLIO AWARD

Best Property Management Portfolio                           
WINNER: NISADE & The Luxe Nomad           

DEVELOPMENT AWARDS                            

Best Luxury Hotel Condo Development                        
WINNER: Niseko Kyo by Rooftop RE (Japan) Pte Ltd

Best Value Hotel Condo Development                          
WINNER: Hotel101-Niseko by Hotel101 Global Pte. Ltd.                                                    

Best Resort Housing Development                                
WINNER: Aki Niseko by Takuetsu Co., Ltd.

Best Estate Housing Development                                 
WINNER: Hanaridge by Apex Property

DESIGN AWARDS

Best Mixed Use Resort Architectural Design                                
WINNER: Zia Niseko by Iconic Group

Best Resort Housing Architectural Design                   
WINNER: Hanacreek by Apex Property
HIGHLY COMMENDED: Aki Niseko by Takuetsu Co., Ltd.                            

Best Hotel Condo Architectural Design                        
WINNER: Aura Niseko by Iconic Group
HIGHLY COMMENDED: Powder Loft Niseko by Hokkaido Hospitality Holding

Best Resort Housing Interior Design                              
WINNER: Aki Niseko by Takuetsu Co., Ltd.                                                       

Best Restaurant Design                 
WINNER: Sushi Kato Setsu Niseko by Sushi Kato                                                                

Best Resort Restaurant Design                      
WINNER: Ultimo Niseko by Blue Waves Group          

BEST OF GREATER NISEKO AWARDS

Best Condo Development (Greater Niseko)
WINNER: Niseko Kyo by Rooftop RE (Japan) Pte Ltd

Best Housing Development (Greater Niseko)
WINNER: Hanaridge by Apex Property                                                     

SPECIAL AWARD

Special Recognition for Public Recreation Facility                      
WINNER: Niseko Area Mountain Bike Association (NAMBA)    

ABOUT PROPERTYGURU ASIA PROPERTY AWARDS

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

In 2023, the Awards series is open to more than a dozen 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 2023. 

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 37 million property seekers(2) to connect with almost 59,000 agents monthly(3) to find their dream home. PropertyGuru empowers property seekers with more than 2.9 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 15 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.

Footnotes & Citation:

(1) Based on SimilarWeb data between April 2023 and September 2023.
(2) Based on Google Analytics data between April 2023 and September 2023.
(3) Based on data between July 2023 and September 2023.
(4) Based on data between April 2023 and September 2023.

Group: Key Statistics as of November 2023

* Property seekers: 37 million
* No. of agents: 59,000
* Real estate listings: 2.9 million

Strong Category Leadership Drives Long-Term Growth Opportunities

As of September 30, 2023, PropertyGuru continued its Engagement Market Share*

* Singapore: 83% – 6.2x the closest peer
* Malaysia: 92% – 12.8x the closest peer
* Vietnam: 80% – 4.0x the closest peer
* Thailand: 51% – 1.7x the closest peer

*Based on SimilarWeb data between April 2023 and September 2023.

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 92 701 2510
E: piyachanok@propertyguru.com    

Sponsorships:
Kanittha Srithongsuk, Regional Manager, Awards Sponsorship
M: +66 93 293 9794
E: kanittha@propertyguru.com

Sales & Nominations:
Nyan Zaw Aung (Jordan), Solutions Manager
M: +66 964 575088
E: jordan@propertyguru.com

Hektar REIT and University of Reading Malaysia Forge Transformative Partnership for Educational Excellence and Community Development

  • Hektar REIT partners with the University of Reading Malaysia as part of its ESG initiatives
  • Collaboration involves student bursaries, sponsorships, internship programs & career opportunities

Hektar Asset Management Sdn. Bhd., the Manager of Hektar Real Estate Investment Trust (Hektar REIT) is delighted to announce a collaboration with the University of Reading Malaysia. In a strategic move underscoring Hektar REIT’s commitment to community development, a memorandum of understanding (MOU) has been signed with the University of Reading Malaysia, specifically targeting students from the Henley Business School. This collaboration emphasizes Hektar REIT’s recognition of education as a foundation for building stronger communities.

Sabrina Halim, General Manager, Business Development & Strategy and Johari Shukri bin Jamil, Executive Director & Chief Executive Officer of Hektar Asset Management Sdn. Bhd.; Professor Wing Lam, Provost and CEO of University of Reading Malaysia, and Professor Teck Yong Eng, Professor of Business Enterprise & Analytics, Head of Henley Business School Malaysia[L-R]

This partnership aligns with Hektar REIT’s dedication to supporting educational endeavours and fostering a well-rounded talent pool essential for societal progress and industry readiness. The initiative encompasses various forms of support for students, such as bursaries, cash rewards for high-achieving individuals, as well as opportunities for internships and placements. Through these efforts, Hektar REIT aims to make a positive impact by fostering the growth of the next generation of professionals and leaders.

ED & CEO of Hektar Asset Management Sdn Bhd

Hektar REIT plans to offer practical opportunities for students through internship programs, allowing them to gain valuable hands-on experience. This is in line with Hektar REIT’s goal to bridge academic learning with real-world applications, ensuring students are well-prepared for their future careers. Additionally, Hektar REIT is looking forward to introducing Graduate Trainee Programs at a later stage, further enriching the students’ professional development.

En. Johari Shukri bin Jamil, Executive Director & Chief Executive Officer of Hektar Asset Management Sdn. Bhd. expressed his views on this initiative, “We are excited about this collaboration with the University of Reading Malaysia. Our collaboration exemplifies our commitment to ESG values. By harmonizing business operations with sustainability, we aim to set a precedent for responsible corporate practices that benefit both our stakeholders and society at large. It is indeed an opportunity for us to contribute to the growth and development of young minds. This aligns perfectly with our goal to achieve business success and play a role in nurturing future talent and giving back to the community. Through education and practical learning experiences, we believe we can make a positive impact on society. Together, we aspire to cultivate a generation of responsible professionals and contribute to the betterment of society.”

This collaborative effort is part of Hektar REIT’s broader strategy to integrate business operations with sustainable and socially responsible practices. Hektar REIT stands at the forefront of a paradigm shift, recognizing the imperative to integrate ESG principles into the core of its operations. This collaboration with the University of Reading Malaysia serves as a testament to Hektar REIT’s proactive approach to balancing business objectives with a genuine commitment to societal welfare.

Masteron Introduces Astra @ Aurora Residence in Puchong, A Luxurious Lakeside Living Experience

  • Blending Idyllic Lakeside Charm with Contemporary Comforts, Astra @ Aurora Residence Ushers in a New Standard for Upscale Residential Developments

Masteron, celebrated for its rich heritage since 1981 and renowned for projects like Verando Residence @ PJ South Sentral and the ‘Koi’ series in Puchong, proudly unveils its latest innovative venture — Astra @ Aurora Residence, Puchong. This groundbreaking project, tailored for today’s discerning first-time homebuyers, inaugurates a new chapter in sustainable, strategic lakeside living. Located in a mature suburban neighbourhood, Astra @ Aurora Residence skilfully combines the tranquillity of lakeside serenity with urban convenience, offering spacious, high-specification homes that elevate the concept of affordable luxury.

Mr. Choy Kin Mann, Director of Masteron

As a 155-acre integrated township and one of the final master developments in Puchong, Astra @ Aurora Residence emphasises a distinctive lakeside living experience. Its strategic location near Puchong Prima LRT guarantees outstanding connectivity to key city locations. Incorporating the S.P.A.C.E concept — Sustainability, Park, Attraction, Commercial, and Education — the development transcends traditional living, offering a lifestyle rich in wellness and environmental harmony. In partnership with Federal International Holdings Berhad, this project melds luxury with functionality, showcasing nature-inspired design elements and first-class amenities. Masteron’s signature in crafting transformative living experiences is evident throughout Astra @ Aurora Residence, manifesting in both its meticulous design and comprehensive amenities, all attuned to the aspirations of contemporary families and individuals.

The initial half of 2023 presented a mixed landscape of challenges and opportunities, reflective of the marketplace’s inherent cyclical nature, which Masteron navigates with its forward-thinking philosophy. Despite initial buyer hesitations amidst rising prices and a subdued economic climate, the latter part of the year and the prospect for 2024 are showing encouraging signs of recovery. This positive shift is significantly supported by Bank Negara Malaysia’s decision to maintain the Overnight Policy Rate (OPR) at 3%, a strategic move aligned with current inflation and growth prospects. This stability is advantageous news for homebuyers, signifying an optimal time for real estate investments, particularly in projects like Astra @ Aurora Residence. It marks a promising environment for property acquisition into 2024, harmonising with Masteron’s mission of creating liveable and sustainable futures.

Mr. Choy Kin Mann, Director of Masteron, offers his perspective: “As we embark on this journey with Astra @ Aurora Residence, we’re not merely offering homes; we’re inviting you to be a part of a living, breathing community. A community that stands as a beacon of sustainable, thoughtful development, a community that promises not just connectivity and balance, but a thriving, spirited way of life. Astra @ Aurora Residence breaks new ground, providing expansive, well-appointed homes at accessible prices. Set in the tranquil Lakeside City, a well-established suburban neighbourhood, our project offers a blend of community spirit and natural beauty, standing out from the typical industrial-area developments. This strategic location choice, combined with our dedication to quality living, underscores Masteron’s commitment to enhancing lives and fostering sustainable communities.”

More than just a serviced apartment, Astra @ Aurora Residence is a carefully planned community within the expansive 155-acre Lake Side City. Upon completion, it is set to accommodate around 6,000 households, or approximately 20,000 residents. As an innovative and insightful community builder, Masteron ensures the development’s prime location near Puchong Prima LRT offers unmatched connectivity to major LRT and BRT lines. This approach to development not only enhances the residents’ quality of life but also offers easy access to highways, shopping centres, top-tier educational institutions, medical facilities, and essential government services.

At the core of Astra @ Aurora Residence is Masteron’s unwavering dedication to first-time homebuyers. Infused with the S.P.A.C.E concept, the development is a testament to Masteron’s brand pillars of providing a future-focused and health-centric living environment. It is not just a response to the current market demand for affordable, quality housing but a redefinition of it, offering a holistic living experience that caters to the evolving needs and desires of modern families and individuals.

The 10th PropertyGuru Asia Awards in partnership with iProperty.com.my mark a decade of celebrating real estate achievements

PropertyGuru Group (NYSE: PGRU), Southeast Asia’s leading property technology company, announced the winners of the 10th PropertyGuru Asia Awards Malaysia in partnership with iProperty.com.my at The Majestic Hotel Kuala Lumpur, the official venue.

Excellent companies and property developments, as well as exemplary individuals in the real estate industry, comprised this year’s list of winners. The Awards were presented across 48 categories, decided by an elite roster of local and foreign experts as well as the people of Malaysia.

With nine golden statuettes, WCT Land Sdn Bhd garnered the most wins of the year. The company was named Best Developer (Malaysia), Best Developer (Central Malaysia), and Best Mixed Use Developer and garnered multiple awards for its projects Pavilion Mont Kiara and Greenville Residences.

UEM Sunrise Berhad also gained nine wins, including various honours for its projects The Connaught One, Allevia Mont’Kiara, The MINH Mont’Kiara, Residensi ZIG, and Verna Serene Heights.

Another big winner, Sime Darby Property, won five golden statuettes, including the prestigious Best Landed Development (Malaysia) award for Ilham Residence, in addition to honours for Bandar Bukit Raja and Serasi Residences, Putra Heights Sentral. Eupe Corporation Berhad won the prestigious Best High-Rise Development (Malaysia) title for Est8 @ Seputeh in one of three awards for the company.

Other winners in the Developer categories were Mah Sing Group Berhad, named Best Lifestyle Developer with a win for M Astra; Perbadanan Kemajuan Negeri Selangor, named Best Affordable Homes Developer; Tanah Sutera Development Sdn Bhd, named Best Developer (Southern Malaysia) with a win for Sutera Square; and Tanjung Ratna Sdn Bhd, named Best Boutique Developer.

An independent panel of expert judges provided their unbiased insights during the Live Judging Days that began in July 2023. They consisted of Datuk Ar. Ezumi Harzani Ismail, chairperson of the panel of judges and president of the Malaysian Institute of Architects: 2020-2022; Chris Tia, vice-chairperson of the panel of judges and principal and managing partner of Tia & Noordin; Blaine Robert, CEO and creative director, Blaine Robert Design; Christophe Vicic, chief growth officer, JLL Property Services (M) Sdn Bhd; Dr. Daniele Gambero, president, Malaysia Proptech Association (MPA); Sr Engad Ravana, principal, ER Consult; PMgr Sr Haji Ishak bin Ismail, president, Malaysia Institute of Professional Property and Facility Managers (MIPFM); Ho Chin Soon, chairman, Ho Chin Soon Research; Dato’ Sr. Lau Wai Seang, president of the Royal Institution of Surveyors Malaysia (RISM): 2017-2018; Sr Low Han Hoe, independent property consultant, coach, mentor, trainer, FRICS FRISM FPEPS FMIPFM MMIEA MPINZ;  Ar. Ts. PRBr.Mustapha Kamal Zulkarnain, founder and principal, Arkitek Mustapha Kamal; Assoc. Prof. LAr. Dr Nor Atiah Ismail, president, Institute of Landscape Architects Malaysia (ILAM); Datin TPr Hjh Noraida Saludin, president, Malaysian Institute of Planners (MIP); Ir. Ong Ching Loon, immediate past president, The Institution of Engineers Malaysia (IEM): 2020-2022; Ar (Dr) Serina Hijjas, vice president, MalaysiaGBC 2023-2025; Sr Subramaniam A/L Arumugam, president, Association of Valuers, Property Managers, Estate Agents and Property Consultants in the Private Sector Malaysia (PEPS); Tan Hui Yin, partner, Tan Chap & Associates; and Ir. Dr. Zulhkiple A Bakar, managing director, Perunding ZAB Sdn Bhd.

John Ler and Kelvin Chew, international contact partner and managing partner of HLB Ler Lum Chew – HLB Malaysia, respectively, represented the official supervisor and made sure the selection process was fair, credible, and transparent.

Property seekers in Malaysia were also given the opportunity to recognise the 10 finest developers in the country. This year, the People’s Choice Awards went to Chin Hin Group Property; Eastern & Oriental Berhad; Glomac Berhad; LBS Bina Group Berhad; Mah Sing Group Berhad; Mitraland Group; Perbadanan Kemajuan Negeri Selangor; Seri Pajam Development; Sime Darby Property; and UEM Sunrise Berhad.

The Portal’s Choice Awards, decided by the Awards Organising Committee, went to OCR Group (Visionary Developer Award); HCK Capital Group Berhad (Urban Revival Award); and Gunung Impian Development Sdn Bhd (Consumer Game Changer Award). The Awards Organising Committee also presented the inaugural Rising Star Award to Ms Lindy Tan of BCB Berhad for her fresh, innovative approach to working in the real estate scene.

The editorial team of Property Report by PropertyGuru, the official magazine, presented the Malaysia Real Estate Personality of the Year award to Tan Sri Dato’ Seri Vincent Tan, founder and advisor of Berjaya Corporation Berhad. He is honoured for several remarkable achievements, including the diversification of the conglomerate and its expansion into markets across Asia.

Malaysia’s leading property marketplaces, PropertyGuru.com.my and iProperty.com.my, jointly organised the black-tie gala dinner and presentation ceremony.

Hari V. Krishnan, CEO and managing director of PropertyGuru Group, said: “With our Awards, we continue to celebrate property development and design that is setting the standard for excellence in Malaysia. Our panel of expert judges recognise these projects have the chance to create real impact for the nation’s consumers. We believe that our winning developers and their projects will make a lasting, positive influence on the industry.”

Jules Kay, GM of PropertyGuru Asia Property Awards and Events, said: “Congratulations to the 2023 Malaysia award winners. We are proud to set a gold standard in design and development through the collaboration of two market leaders. With the backing of Malaysia’s premier property marketplaces – PropertyGuru Malaysia and iProperty – the Malaysia awards showcase the very best real estate to property seekers, domestically and internationally.”

Winners from the Awards in Malaysia may vie for the Best in Asia accolades at the 18th PropertyGuru Asia Property Awards Grand Final 2023 in Bangkok, Thailand on 8 December.

The 10th PropertyGuru Asia Awards Malaysia in partnership with iProperty.com.my programme is supported by official portal partners PropertyGuru.com.my and iProperty.com.my; official venue The Majestic Hotel Kuala Lumpur; official magazine Property Report by PropertyGuru; media partners Asian Property Review, BERNAMA, Kopi & Property, Niaga Times, Penang Property Talk, Real Estate Malaysia (REM), The Grid Asia, The Malaysia Voice, and Top 10 of Malaysia; supporting association REHDA Institute; official balloting partner HLB Ler Lum Chew – HLB Malaysia; and official supervisor HLB.

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

COMPLETE LIST OF WINNERS

10th PropertyGuru Asia Awards Malaysia in partnership with iProperty.com.my

DEVELOPER AWARDS

Best Developer (Malaysia)           
WINNER: WCT Land Sdn Bhd        

Best Developer (Southern Malaysia)          
WINNER: Tanah Sutera Development Sdn Bhd           

Best Developer (Central Malaysia)             
WINNER: WCT Land Sdn Bhd        

Best Boutique Developer
WINNER: Tanjung Ratna Sdn Bhd                 

Best Mixed Use Developer            
WINNER: WCT Land Sdn Bhd        

Best Lifestyle Developer                
WINNER: Mah Sing Group Berhad

Best Affordable Homes Developer
WINNER: Perbadanan Kemajuan Negeri Selangor

DEVELOPMENT AWARDS

Best Luxury High-Rise Development (Central)         
WINNER: Pavilion Mont Kiara by WCT Land Sdn Bhd                 

Best High End High-Rise Development (Central)
WINNER: Est8 @ Seputeh by Eupe Corporation Berhad             

Best Mid End High-Rise Development (Central)       
WINNER: Ayanna Resort Residences @ Bukit Jalil by Chin Hin Group Property

Best Mass Market High-Rise Development (Central)
WINNER: M Astra by Mah Sing Group Berhad             

Best High End High-Rise Development (Southern)  
WINNER: Greenville Residences by WCT Land Sdn Bhd             

Best Waterfront High-Rise Development
WINNER: Residensi ZIG by Mega Legacy (M) Sdn Bhd         

Best Value High-Rise Development
WINNER: Serasi Residences, Putra Heights Sentral by Sime Darby Property

Best Lifestyle High-Rise Development       
WINNER: Ayanna Resort Residences @ Bukit Jalil by Chin Hin Group Property

Best Investment High-Rise Development  
WINNER: IBN Highlands City by IBN Corp  

Best Green High-Rise Development            
WINNER: Allevia Mont’Kiara by UEM Sunrise Berhad                

Best Eco Friendly High-Rise Development
WINNER: Stellar Damansara by OCR Land Development Sdn Bhd           

Best Connectivity High-Rise Development
WINNER: The Connaught One by UEM Sunrise Berhad               

Best Mass Market Landed Development (Central)  
WINNER: Verna Serene Heights by UEM Sunrise Berhad

Best Value Landed Development                 
WINNER: Sena Mas @ Tasek Gelugor by PTL Properties Sdn. Bhd.

Best Smart Home Landed Development
WINNER: Nada Embun by Seri Pajam Development

Best Lifestyle Landed Development
WINNER: Ilham Residence by Sime Darby Property

Best Completed Landed Development       
WINNER: Sena Mas @ Tasek Gelugor by PTL Properties Sdn. Bhd.

Best Integrated WFH Development             
WINNER: Residensi ZIG by Mega Legacy (M) Sdn Bhd         

Best Co Living Development        
WINNER: The Meg by Eastern & Oriental Berhad       

Best Industrial Development       
WINNER: Bandar Bukit Raja by Sime Darby Property

Best Mixed Use Development      
WINNER: The Connaught One by UEM Sunrise Berhad               

Best Retail Development
WINNER: Sutera Square by Tanah Sutera Development Sdn Bhd             

DESIGN AWARDS

Best Township Masterplan Design              
WINNER: Andaman by Eastern & Oriental Berhad     

Best Mixed Use Architectural Design          
WINNER: The Connaught One by UEM Sunrise Berhad               

Best Luxury High-Rise Architectural Design              
WINNER: Pavilion Mont Kiara by WCT Land Sdn Bhd                 

Best High End High-Rise Architectural Design          
WINNER: The MINH Mont’Kiara by UEM Sunrise Berhad                   

Best Landed Architectural Design
WINNER: D’ Art Hills Residence by PH World                        

Best High-Rise Interior Design
WINNER: Est8 @ Seputeh by Eupe Corporation Berhad             

Best High-Rise Landscape Design               
WINNER: Pavilion Mont Kiara by WCT Land Sdn Bhd                 

Best Clubhouse Design
WINNER: D’ Art Hills Residence by PH World              

BEST OF MALAYSIA AWARDS

Best Landed Development (Malaysia)       
WINNER: Ilham Residence by Sime Darby Property

Best High-Rise Development (Malaysia)  
WINNER: Est8 @ Seputeh by Eupe Corporation Berhad             

SPECIAL AWARDS

Special Recognition in ESG          
WINNER: LBS Bina Group Berhad
WINNER: Mah Sing Group Berhad                
WINNER: Tanah Sutera Development Sdn Bhd

Special Recognition for CSR         
WINNER: LBS Bina Group Berhad
WINNER: Tanah Sutera Development Sdn Bhd          
WINNER: WCT Land Sdn Bhd        

Special Recognition in Sustainable Design and Construction 
WINNER: LBS Bina Group Berhad
WINNER: Perbadanan Kemajuan Negeri Selangor  
WINNER: WCT Land Sdn Bhd        

PORTAL’S CHOICE AWARDS

Visionary Developer Award         
WINNER: OCR Group Berhad         

Urban Revival Award   
WINNER: HCK Capital Group Berhad           

Consumer Game Changer Award
WINNER: Gunung Impian Development Sdn Bhd

Rising Star Award          
WINNER: BCB Berhad – Ms Lindy Tan

PUBLISHER’S CHOICE AWARD

Malaysia Real Estate Personality of the Year           
WINNER: Tan Sri Dato’ Seri Vincent Tan, Founder and Advisor, Berjaya Corporation Berhad

PEOPLE’S CHOICE AWARDS

WINNER: Chin Hin Group Property
WINNER: Eastern & Oriental Berhad
WINNER: Glomac Berhad
WINNER: LBS Bina Group Berhad
WINNER: Mah Sing Group Berhad
WINNER: Mitraland Group
WINNER: Perbadanan Kemajuan Negeri Selangor
WINNER: Seri Pajam Development
WINNER: Sime Darby Property    
WINNER: UEM Sunrise Berhad

ABOUT PROPERTYGURU ASIA PROPERTY AWARDS:

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

In 2023, the Awards series is open to more than a dozen 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 2023. 

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 37 million property seekers(2) to connect with almost 60,000 agents monthly(3) to find their dream home. PropertyGuru empowers property seekers with more than 2.9 million real estate listings(4), in-depth insights, and solutions that enable them to make confident property decisions across Singapore, Malaysia, Thailand, Indonesia, 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 15 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 2022 and March 2023.
(2) Based on Google Analytics data between October 2022 and March 2023.
(3) Based on data between January 2023 and March 2023.
(4) Based on data between October 2022 and March 2023.

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, Media Relations & Marketing Services Manager
M: +66 92 701 2510
E: nate@propertyguru.com

Sponsorships:
Kanittha Srithongsuk, Regional Manager, Awards SponsorshipM: +66 93 293 9794E: kanittha@propertyguru.com

Sales & Nominations:
Samuel Poon, Asst. Manager (Malaysia & China) – Awards
M: +60 16 411 4361
E: samuel@propertyguru.com 

Southeast Asia a Bright Spot in the Global Flexible Office Market in 2023 with TEC Centres in the Region Exhibiting Average Occupancy Rates of Over 90%

The Executive Centre (“TEC”), the leading premium flexible workspace provider that serves more than 47,000 Members in 33 cities across Asia-Pacific and the Middle East, has seen exceptional growth in Southeast Asia in 2023, with the momentum expected to carry on into 2024.

Led by client demand, TEC has added four new centres in Singapore, Jakarta, Ho Chi Minh City and Manila this year, with the latest addition in Manila on the 8th floor of Ayala Triangle Gardens Tower 2 which opened last month.

These new openings are backed by consistently high demand and occupancy rates of over 90% across multiple markets in the region in 2023. As of September 2023, TEC’s centres in Singapore and Manila are leading its portfolio at 95% and 98% occupancy rates, followed not far behind by Ho Chi Minh City at 91% and Jakarta at 81%. With these new expansions, TEC has added almost 1,200 workstations across these four key Southeast Asian markets in 2023, representing a 33% increase in workstation growth.

In Singapore, demand for office space is growing as multinational companies seek to relocate to the city-state and set up headquarters there to take advantage of Singapore’s status as a gateway city and key business hub. These include firms from the financial industry such as asset managers, private wealth managers, private equity firms and family offices, as well as technology startups from across the region that are seeking to move to more flexible workspaces which will allow them to downsize or upsize nimbly.

Office demand is also bolstered by the increasing “back-to-office” momentum in Singapore, as employers tighten hybrid working policies, with CBRE’s 2023 Singapore Office Occupier Sentiment Survey finding that 64% of companies are focused on increasing office attendance or improving work efficiency.

Despite the “back-to-office” trend, the way tenants use office spaces has irrevocably changed since pre-Covid days, as companies place greater emphasis on having access to a combination of purpose-built spaces including private offices for focused work, flexible seating, collaborative meeting rooms, and event spaces. 

In response to this increased demand for flexible seating, meeting and event spaces, TEC will be opening a new centre from the 45th to 47th floors at Singapore Land Tower in January 2024.

Yvonne Lim, Managing Director of Southeast Asia at The Executive Centre said, “We have done exceptionally well particularly in Singapore with a city average occupancy of 95% in 2023, at the same time, we are seeing robust demand for our upcoming new centre at Singapore Land Tower on Levels 45 to 47. TEC’s expansions are largely driven by client’s requirement and the inter-city network within SEA continue to look strong with clients having multiple presence with TEC SEA network.”

Appendix: 2023 New Openings in Southeast Asia

Singapore

  • Capital Square (opened January 2023)

Capital Square is a Grade A office building located in Singapore’s no. 23 Church Street. Composing of a 16-storey office tower, Capital Square also features two blocks of restored heritage shop houses, boutique food and beverage outlets, retail amenities, and seven levels of parking space. Providing unrivalled accessibility and convenience to a myriad of users and business entities commuting from across the city and beyond, Capital Square is a strategic and modern location suited for future-forward corporate entities, creative businesses and innovative technology companies.

Size (square metres)2,625
Workstations430
  • Singapore Land Tower (opening in January 2024)

The Executive Centre at Singapore Land Tower provides a flexible workspace solution in the heart of Singapore’s central business district. Situated within 50 Raffles Place and located just steps away from Raffles Place MRT station, the tower is surrounded by shopping malls, restaurants and cafes. The 47-storey tower attracts reputable companies and organisations. Several embassies also call the building home, including Germany, Colombia and Ukraine

Opening in 2024:
Levels 45 to 47 Private Offices, Member Lounge and Reception (January 2024)

Size (square metres)4,712
Workstations490

Jakarta

  • Pacific Century Place (opened April 2023)

Located in the heart of Sudirman Central Business District, The Executive Centre at Pacific Century Place (PCP) is the professional’s first choice in flexible workspace, serviced offices and coworking solutions in the region. A sustainability-forward establishment, PCP is also the first office building in Indonesia to obtain Leed Platinum status and Platinum Grade certification by Greenship New Building. Businesses that are looking for a Sudirman Central office space that’s sustainable and accessible will not be disappointed by TEC’s level 39 centre, which features stunning city views and contemporary interior design.

Size (square metres)1,600
Workstations268

Ho Chi Minh City

  • Friendship Tower (opened July 2023)

Friendship Tower is a LEED-certified Grade A office building located in Ho Chi Minh City’s most well-known and strategic boulevards.

Size (square metres)722
Workstations125

Manila

  • Ayala Triangle Gardens Tower 2 (opened October 2023)

Ayala Triangle Gardens Tower 2 is the most sought-after location in the Philippines for domestic and multinational companies. Strategically located in the heart of Makati City’s business hub, it is surrounded by some of the most successful corporate names in the world. Companies from industries such as IT, financial services, real estate, manufacturing and legal can be found in Ayala Triangle Gardens.

Size (square metres)1,895
Workstations358

About The Executive Centre

The Executive Centre (TEC) is Asia’s premium flexible workspace provider, opened its doors in Hong Kong in 1994 and today boasts over 200+ Centres in 33 cities and 15 markets. It is the third largest serviced office business in Asia.

The Executive Centre caters to ambitious professionals and industry leaders looking for more than just an office space – they are looking for a place for their organisation to thrive. TEC has cultivated an environment designed for success with a global network spanning Greater China, Southeast Asia, North Asia, India, Sri Lanka, the Middle East, and Australia, with sights to go further and grow faster. Each Executive Centre offers a prestigious address with the advanced infrastructure to pre-empt, meet, and exceed the needs of its Members. Walking with Members through every milestone and achievement, The Executive Centre empowers ambitious professionals and organisations to succeed.

Privately owned and headquartered in Hong Kong, TEC provides first class Private and Shared Workspaces, Business Concierge Services, and Meeting & Events facilities to suit any business’ needs.

www.executivecentre.com

Press Enquiries:

FGS Global
Zephyr Ow
Zephyr.Ow@fgsglobal.com / +65 8022 7651

The Executive Centre
Pebble Lee
Pebble_lee@executivecentre.com / +852 3951 9888

Hektar REIT Achieves High Occupancy & Positive Reversions

Robust Leasing Initiatives Boost Portfolio Occupancy Rate to 87.7%
– Revenue recorded at RM27.8 million and NPI of RM15.4 million
– Diversification Strategy: Pioneering Beyond Retail
– Proposed Acquisition of KYSM, a leading private school in Melaka
– Honoured with two Gold Awards at The Edge Malaysia ESG Awards 2023
– Positive Rental Reversions continue to lead to improvement

Hektar Asset Management Sdn. Bhd., the Manager of Hektar Real Estate Investment Trust (Hektar REIT), today reported a resilient financial performance for the third quarter ended 30 September 2023 (Q3 2023). The REIT showcased a sustained commitment to financial stability and strategic growth in a challenging economic environment. In Q3 2023, Hektar REIT achieved a total revenue of RM27.8 million and an NPI of RM15.4 million. The Net Property Income (NPI) margin stood strong at 55.4%. These figures reflect the REIT’s adept handling of market volatilities and its dedication to operational efficiency.

En. Johari Shukri Jamil, Executive Director & Chief Executive Officer of Hektar Asset Management Sdn. Bhd.

In addressing the challenges posed by increasing operational costs during Q3 2023, the Manager actively reinforces the REIT’s financial standing and amplifies profitability through sound capital management initiatives by demonstrating fiscal prudence. The REIT has successfully reduced its gearing ratio to 44.3% in the current quarter, down from 44.6% as of 31 December 2022, via a targeted debt reduction program.

Furthermore, the Manager continues to embrace an assertive and strategic leasing approach. The REIT has elevated the overall occupancy rate of its retail asset portfolio to 87.7% during the third quarter of 2023. Three of the malls under the portfolio, Mahkota Parade & Wetex Parade, recorded an occupancy rate of more than 93% and Kulim Central recorded close to 98%. Overall, rental reversions for the quarter were positive. These proactive measures are poised to enhance the tenancy mix, positioning the REIT for anticipated revenue growth in the upcoming quarters.

In a landmark move announced in September 2023, Hektar REIT has broadened its investment horizon with the proposed strategic acquisition of Kolej Yayasan Saad Melaka (KYSM), a renowned private boarding school located in Ayer Keroh, Melaka. This proposed acquisition, which is valued at RM150 million marks a significant pivot towards educational assets, diversifying Hektar REIT’s portfolio beyond its traditional retail focus. KYSM, established in June 1995, stands out as a top-tier institution, consistently ranked among the best for Sijil Pelajaran Malaysia (SPM) results.

The proposed acquisition of KYSM is not just a diversification move but also a strategic investment providing a sustainable and resilient income source. With a 30-year Quadruple-Net lease agreement that includes a guaranteed step-up yearly return, this investment promises a steady and potentially growing income stream for Hektar REIT. This acquisition is strategically financed through a balanced mix of Proposed Placements, internally generated funds, and borrowings. This approach ensures that the REIT maintains a healthy gearing ratio, preserving financial flexibility and stability while embarking on this significant expansion.

Hektar REIT’s commitment to Environmental, Social, and Governance (ESG) practices has again been prominently recognized in the industry. The organization’s conscientious approach to sustainability and corporate responsibility culminated in Hektar REIT receiving two Gold Awards at The Edge Malaysia ESG Awards 2023. These prestigious awards were for Outstanding ESG & Dividend Return Award and the Real Estate Investment Trust (REIT) Award.

This is a testament to Hektar REIT’s leadership in integrating ESG principles into its business model. The Awards were in collaboration with Bursa Malaysia, FTSE Russell & Morningstar and were designed to highlight and celebrate companies that exemplify outstanding ESG practices. Hektar REIT’s success in these categories demonstrates its effective integration of ESG considerations in its operational and strategic decisions. The recognition reflects the company’s dedication to creating sustainable value for stakeholders while contributing positively to environmental stewardship, social responsibility and ethical governance.

En. Johari Shukri Jamil, Executive Director & Chief Executive Officer of Hektar Asset Management Sdn. Bhd. said: “Hektar REIT’s malls, strategically positioned as neighbourhood and community hubs, have been the focal point of our success. Our unwavering commitment to enhancing the overall tenancy mix and occupancy levels at our malls reflects our dedication to our niche market.

This strategic move involves remixing tenancies by introducing new, vibrant tenants to complement our existing offerings. We are confident that this initiative will not only meet but exceed the expectations of our loyal patrons. Our primary focus remains on implementing targeted strategies to improve visitor footfall and create a sustained positive cycle for our malls and retailers. Our overall committed occupancy currently stands at 88.4%, and we are positive we will surpass the 90% mark by the end of this year. We believe in initiatives yielding long-term benefits and ensuring continuous growth, ultimately delivering sustainable returns to our Unitholders.”

Hektar REIT: http://www.hektarreit.com/

Andrew Enofe Was Featured in the Nationwide & International Edition of Top Agent Magazine

Andrew Enofe of Right at Home Realty Brokerage was featured in the Nationwide & International Edition of Top Agent Magazine in October 2023. Top Agent Magazine is the premier real estate magazine featuring the foremost real estate agents, mortgage professionals, and affiliates in the USA, Europe, Canada, Australia, and New Zealand. Top Agent Magazine features the top producing and most accomplished professionals in the real estate industry, offering an in-depth look at their careers and providing a blueprint for their success.

To be considered for a feature in Top Agent Magazine, all professionals must go through a nomination and interview process. All candidates are then evaluated based upon production and professionalism, as well as industry and community involvement. It is considered a privilege to be nominated as it speaks to a certain success level all real estate agents strive for. Top Agent has set itself apart as a trusted source of real estate information and inspiration. Andrew Enofe is a stellar example of the kind of prominent leaders of real estate we are proud to feature in Top Agent Magazine.

The full story on Andrew can be found at https://topagentmagazine.com/top-real-estate-agent-in-ontario-andrew-enofe.

“I’m truly honored to be featured and chosen for Top Agent Magazine. It’s a testament to the hard work and dedication I’ve put into my career as a real estate agent. I believe in delivering exceptional service to my clients, and this recognition serves as validation of my commitment to excellence in the industry. I’m grateful for the opportunity to share my experiences and insights with a wider audience through Top Agent Magazine.” – Andrew Enofe

To contact Andrew or for more information, email andrew@andrewenofe.com, website: andrewenofe.com, or call +1416-833-8909, +905-226-3006.

Instagram: @andrew_enofe LinkedIn: Andrew Enofe Facebook: AEnofe YouTube: @andrewenofe Twitter: @Andrew_Enofe

Andrew Enofe Real Estate Inc.
258-7777 Weston Road Vaughan, ON L4L 0G9 Canada

Contact Information:
Andrew Enofe
Real Estate Agent
andrew@andrewenofe.com
4168338909

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Hektar REIT Achieves Historic Success: ESG Performance Rewarded with Dual Gold Accolades at The Edge Malaysia ESG Awards 2023

  • Gold Award under the “REIT” category
  • Gold Award under the “Outstanding ESG & Dividend Return” category
  • The awards were aimed at honouring Malaysia’s best performers in ESG

Hektar Asset Management Sdn. Bhd., the Manager of Hektar Real Estate Investment Trust (Hektar REIT), is pleased to announce that Hektar REIT is the proud recipient of two Gold Awards at The Edge Malaysia ESG Awards 2023 under the Equity Awards category. These awards were for the categories of Outstanding ESG and Dividend Return Award and Real Estate Investment Trust (REIT) Award.

Senior Manager, Business Strategy Muhammad Fahmi bin Rasni; Senior Manager, Finance, Mohamad Othman bin Mail; GM, Legal, Martin Chen Kuok Yeow; GM, Business Development & Strategy, Nor Sabrina binti Halim; ED & CEO, Johari Shukri bin Jamil; Senior GM, Finance, Lim Kek Siang; Assistant Manager, Investor Relations, ESG & Special Projects, Muhammad Bakhtiar Ul Haq; and Manager, Risk & Assurance, Aida binti Zainudin of Hektar REIT[L-R]

Hektar REIT was announced as one of this event’s biggest winners in the equities category. These awards serve as a testament to Hektar REIT’s steadfast dedication to maintaining the highest levels of excellence in Environmental, Social, and Governance (ESG) practices. The distinguished award ceremony took place during a grand gala dinner at the Hilton, Kuala Lumpur, on 6 November 2023 and was officiated by Minister of Natural Resources, Environment, and Climate Change Nik Nazmi Nik Ahmad.

The Edge Malaysia ESG Awards 2023, a prestigious accolade in the industry, is divided into two distinct categories: the Equity Awards and the Fund Awards. Its primary aim is to recognize and laud the exemplary performance of Malaysia’s leaders in ESG excellence.

Under the Equity category, The Edge Malaysia collaborates closely with Bursa Malaysia and FTSE Russell. The objective is to spotlight and celebrate the best-performing PLCs, with the evaluation process grounded on the robust methodology provided by FTSE Russell. The Fund category sees The Edge Malaysia partnering with Morningstar to identify and reward the top-performing asset management firms using the latter’s recognized method. These awards were aimed at promoting ESG adoption and leadership amongst industry leaders and professionals by recognizing their contributions and successes.

Hektar REIT qualified under the category of Equity Awards, whereby a company must be listed on Bursa Malaysia and be a constituent of the FTSE Bursa Malaysia EMAS Index as of June 2023. Another key criterion for eligibility was for the companies to be assessed by FTSE Russell in December 2022 and June 2023. The Outstanding ESG and Dividend Return was a new category introduced by The Edge and companies were evaluated based on their performance for the last five years.

Johari Shukri Jamil, Executive Director & Chief Executive Officer of Hektar Asset Management Sdn. Bhd. said, “We are filled with gratitude and enthusiasm for securing these two prestigious Gold Awards, a significant milestone in Hektar REIT’s exceptional journey. It is a resounding affirmation of our unwavering dedication to weaving ESG principles into every facet of our operations and strategic vision, reinforcing our commitment to sustainability and the creation of long-lasting stakeholder value. At Hektar REIT, we firmly believe that our steadfast embrace of robust ESG practices forms the basis upon which we construct sustainable value for our esteemed unitholders, devoted shoppers, and the communities we are privileged to serve.

The significance of these two gold awards cannot be overstated; they symbolize the historical milestone we have achieved and propel us further towards continuing our sustainability mission. As we move forward, we remain deeply committed to not only maintaining but surpassing the high standards that have earned us these accolades. We understand that this success comes with a weighty responsibility, and we embrace it with enthusiasm, passion, and the utmost dedication.

Our journey is far from over; it has only just begun. With these two gold awards as our guiding stars, we are determined to explore new horizons and demonstrate that adopting a sustainable approach is not merely an option but a definitive path towards a more promising future for everyone.”

Hektar REIT remains committed to integrating ESG into all aspects of the business, from financial management to operations and future planning. This dedication is a cornerstone of our mission to deliver robust and enduring value to our stakeholders, positioning us for a prosperous future.

Hektar REIT: http://www.hektarreit.com/