Get in quick!

Investors should cease this window of opportunity to secure a good deal.

According to the Real Estate and Housing Developers’ Association Malaysia now is the the best time to buy property in Malaysia. President, Datuk Seri Fateh Iskandar Mohamed Mansor, commented, “A lot of people have asked me ‘So when is it [property values] going to fall? When can I get a good deal?’ I’m telling you now is when you are getting a good deal”.

Speaking at a forum that discussed 2017’s property market, his sentiment provides confidence to investors keen to take advantage of the lower values on offer. “There’s no such thing as (prices) coming down”, he went on to add.

Developers in Malaysia are making their products even more attractive to investors by adding extra features rather than reducing the prices. Including some fitted furniture and air conditioning, this is helping to gain traction in the market and maintaining cash flow. This is despite developers having better financial reserves than the did in the Asian Financial Crisis of 1998 and 1999, which provides further reassurance of the state of the market as developers are better equipped to deal with any dips.

As the forecast for the first half of 2017 is expected to remain flat, those who can afford to purchase property are advised to in order to start paying off their investment. Developers are responding accordingly and are reducing their launch numbers to help stabilise the market.

Like any investment it pays to do
your homework
but now is as good as time for astute investors wanting to enjoy the lower price tags on offer.


Get rid of clutter in your condo with these tips

If your condo looks like this, it might be time to get rid of the clutter

Is your condo feeling smaller? Have you lost track of where things are in your home? You’re not alone. The longer we live in one place, the more likely we are to accumulate stuff. Unfortunately, condo space is finite and all this stuff ends up in the way after a while.

Taking back space isn’t hard, but it does require you to be vigilant. Decluttering does involve a bit of purging as well as proper organisation. However, after a few hours of cleaning, you will not only be rid of the clutter, but measures will be in place to ensure it doesn’t come back.

Where to start?

Despite what you may think, your condo is full of items that you probably don’t need and haven’t even thought about in months, or maybe even years. Start by finding and tossing these:

Old magazines

Old receipts, bills and other mail

Expired medicines and vitamins

Food in your cabinets you never plan on eating

You’d be surprised how much space that clears out. But this is only the start. Next, do a second sweep removing items that can be donated or recycled. Here are just a few suggestions:

Clothing you don’t wear and/or can’t fit into

Old electronics you no longer need

Accessories (jewellery, sunglasses, ect.) that you’ve replaced or upgraded

Finish strong

Once the clutter has been removed from your condo, it’s important to organise what’s left to ensure stuff doesn’t build up again. Baskets, jars, and clear drawer organisers are very cheap these days, so buy a few that you like and start collecting items around the house.

Gather like items, such as bathroom toiletries, cleaning supplies, cosmetics and accessories, group them together. Be sure to put stuff back after you use it. There is no point in doing this if you are just going to take things out and leave them elsewhere around the condo.

You can also take things a step further by creating dedicated spaces for items like shoes, keys and umbrellas that often get left at the door when you come in. Most condos usually have places for these things built-in, so it’s just a matter of using them. It takes about a week to form a habit, so as long as you can get through those first seven days, there won’t be any future issues.


GiO Home signs up

GiO Home Kitchen has become the latest sponsor of Dot Property’s ‘Best of the Best’ Awards, a showcase of the leading properties in Southeast Asia.

The Bangkok-based company has more than 35 years of experience in providing its customers with stylish kitchen appliances and décor.

Using high quality, modern and well-chosen materials, GiO Home produces products that meet every requirement of functionality, durability and design.

Aaron Chou, Managing Director of Gio Home Kitchen was delighted to be part of the Awards.

He said: “Sponsoring
Dot Property’s ‘Best of the Best’ Awards
 gives us the opportunity to work with the best property developers throughout Southeast Asia, and to provide quality products and services.”

Alva Horgan, Managing Director of International Markets for Dot Property, said: “We are extremely pleased to welcome GiO Home as a sponsor for our inaugural Awards.”

She added that having GiO Home as a sponsor, a company that understands quality, is a perfect match for the Dot Property Awards.

The Awards will reward the ‘Best’ Residences, Serviced Offices and Serviced Apartments throughout Southeast Asia.

Recipients of the accolade will be revealed online on October 1 and appear in the second edition of Dot Property‘s regional print magazine with a distribution throughout the region, as well as a digital online edition for its global audience.

For more information about the Awards and sponsorship email
[email protected]

For more information about GiO Home visit
www.giohome.com
.

#DotPropertyAwards


Give your property some Valentines love

Follow our 5 easy steps to give your property love that it needs to sell or let it quickly.

14 February is Valentines Day. A chance to wow loved ones close to our heart or ones that we want close to our heart. If you are
selling
 or
renting
 your property it is important to woo prospective purchasers or sellers so that they fall in love with it too. Just like a date, give your property a bit of love and attention and you will reap the benefits.

1. First impressions really do count.

Everyone makes an effort with a loved one on a first date. Smarten up, choose the perfect venue and have impeccable timekeeping. The same applies to your property as unfortunately it is easy to judge a book by its cover. If there is a pile of rubbish outside of the front door, make sure that it is removed so as not to deter prospective purchasers or renters from stepping any further. Make sure the property is clean, tidy and everything is in working order for the viewing, and don’t be late to let them in.

2. Select the lighting.

A meal over candlelight is not too bright and not too dark. Carefully set the lighting for your property to in order to show its best features. Start by picking warm white light bulbs for the main bedrooms to give a softer feel rather than bright white bulbs that are suitable for the kitchen where good light is needed to prepare food. Open the curtains and use freestanding lights rather than overhead spots for a warmer feel. Remember it is important that the lighting is right for
photographing the property
 as well as for viewings.

3. Dress to impress.

You are more than likely going to put on your best attire for a date. So do the same for your property. You want someone to walk through the door and immediately imagine living there. Therefore make sure it is not too personalised with lots of family portraits, but also don’t leave it completely empty and bare. So select some neutral and non offensive artwork and think of your property as a hotel. Dress the table with a bunch of flowers, select some accessories like cushions, vases or even fill the bookshelves with some books.

4. Share the love.

If you are there for the viewing, be helpful but give people a proper chance to look round and poke through your cupboards without feeling watched. Don’t over sale as this can put people off, but run through the reasons you love it that may not seem obvious. This could the low utility bills it experiences, the thick sound proofing walls or simply the convenience to the closest supermarket.

5. Don’t be greedy.

It is unlikely that you would scrimp on taking your new love interest out on the first date. The price of a property needs to be right in order to generate interest. Use our
online guide
 to help calculate the right value of the property. Remember one way to make someone fall in love is an attractive price tag.


Global prime prices still growing

Prices of prime residential properties in Asian cities continued to perform well during the first three months of this year according to the latest
Prime Cities Global Index
 report, published by real estate firm Knight Frank.

Vancouver topped the rankings for the fourth consecutive quarter, with prime prices in the city increasing by 26 percent in the year to March 2016. A severe lack of supply is creating an upward pressure on prices. There is little evidence that February’s increase in land transfer tax, from 2 percent to 3 percent, on all purchases above CAD$ 2 million, has dented sale volumes.

Along with Vancouver, three other cities; Shanghai, Sydney and Melbourne, also recorded double-digit annual price growth, but the gap between this top tier and the remaining cities has widened.

Record-low interest rates and cheap finance-fuelled demand in Shanghai lead to price growth of 20 percent year-on-year, however, in March the Government tightened mortgage lending rules which is likely to result in slower growth in the second quarter.

Australasia proved the world’s hottest world region in the year to March 2016 with prices rising 12 percent on average; this is despite the introduction of a new fee for foreign buyers.

Prime prices across the 35 cities monitored by the firm increased on average by 3.6 percent in the 12 months to March 2016. The Index entered a period of steady growth in 2014, consistently recording annual growth of 3-4 percent in the subsequent seven quarters.

No city has recorded a double-digit annual decline in prices since Q2 2015.

New York and Miami, where cash buyers now have to comply with new transparency rules above set price thresholds, continue to record steady price growth.

Prices in prime central London increased by only 0.8 percent in the year to March, its lowest figure since October 2009, when a 3.2 percent decline was recorded as the market readjusted following the collapse of Lehman Brothers. The more muted performance is as a result of a series of tax changes and a preceding period of exceptional growth.

As of 1 April 2016, buy-to-let investors and second-home buyers pay an extra three percentage points of stamp duty on any U.K. purchase.

Although prices in Paris dipped 3 percent in annual terms, prices stabilised over the last quarter as French buyers, having recognised value in their capital’s market, increased their market share.

New regulation in the form of measures to improve transparency, new taxes or fees for foreign buyers are increasing in number. However, the impact on the market of such measures is largely dependent on market fundamentals and where each market is in relation to its property market cycle.


Glomac to launch new properties

Before the financial year end on April 30, 2017, Glomac intends to launch new properties worth RM 1 billion in total gross development value (GDV).

Managing Director, Datuk Seri Fateh Iskandar Mohamed Mansor, noted that RM 200 million GDV have already been launched in the first quarter of 2017. Malaysia can anticipate other project launches to follow, including Lakeside Residences, Saujana KLIA, Saujana 4 & 5, Saujana Rawang, Sri Saujana, Saujana Jaya and Plaza Kelana Jaya.

The new developments will be a mix between terraced houses, shops, offices, serviced apartments and even affordable homes. Fateh Iskandar shared that Glomac is positioned well to capitalize on the sustainable high demand of residential projects and affordable housing.

Fateh Iskandar continued, “Among the total project launches, some RM700 million worth of properties are mostly landed homes that fall within the affordable price range. Our newly launched Saujana KLIA has achieved 80% take-up and some 90% take-up for Lakeside Residences. We are confident in our landed properties. For high-rise projects, it is very challenging, unless it is in a very strategic location and have the right pricing.”

With such big developments underway, it’s safe to say that Glomac is transforming
Malaysia’s real estate market
 in the upcoming year.

Lakeside Residences / image source: Glomac.com.my

Lakeside Residences / image source: Glomac.com.my


Go inside the hallmark hotel that occupies the top floors of Cambodia’s tallest building

The Vattanac Capital tower embodies the growth of Phnom Penh during the past decades and offers glimpse of what’s possible for the country in the future. The top 14 floors of the 187-meter building have been reserved for the luxurious Rosewood Phnom Penh, a property that is now the place to stay in the Cambodian capital.

Rosewood Phnom Penh is consistently ranked among the best hotels in Southeast Asia. In last year’s
Condé Nast Traveler
 Readers’ Choice Awards, the hotel was rated as the second best in the region and 30
th
 best globally with guess swooning over the remarkable property. It was also named a four-star hotel in the
Forbes Travel Guide
Star Rating list, one of the most expert authorities on luxury hotels, restaurants and spas in the world.

Read more:

Here’s what you need to know about the tallest buildings in Cambodia

While the location of Rosewood Phnom Penh is certainly eye catching, the ultra-luxury hotel goes out of its way to ensure an experience that is uniquely local. It creates this by blending traditional Cambodian hospitality with contemporary sophistication.

Rosewood Phnom Penh swimming pool

Perched high above Phnom Penh, the hallmark hotel offers guests unobstructed views of the city and Mekong River. The unique vantage point, which is higher than any other in Phnom Penh, ensures you can look as far as the eye can see. It truly is an awe-inspiring sight to behold.

There are 175 rooms, including 37 suites which can be found on the highest floors. The most impressive accommodations at Rosewood Phnom Penh are the exclusive signature suites that offer the best in bespoke luxury.

Outside of the magnificent rooms lays a wealth of amenities for guests to indulge in, especially when it comes to wellness. There is the Pedi:Mani:Cure Studio by Bastien Gonzalez as well as Sense, A Rosewood Spa. Both offer you a space to relax while looking out at the spectacular views of the city.

Another unique feature of the hotel is the art gallery that can be found on the 35
th
 floor. Rosewood Phnom Penh collaborates with the country’s most influential and up-and-coming artists to create exhibitions you should check out.

Rosewood Phnom Penh boasts a wide range of dining establishments, including Chinese and Japanese options, as well as a steakhouse. It would also be impossible to talk about the hotel without mentioning Sora, the rooftop bar and lounge that is located on a cantilevered terrace extending from the 37th floor. The vibrant venue is perhaps the most Instagramable spot in Phnom Penh and is the perfect climax for Cambodia’s tallest building.


Go inside the Suvarnabhumi Airport secret tunnels

During the past 18 months, a series of secret tunnels have been built underneath Bangkok’s Suvarnabhumi International Airport. The presence of these structures is no surprise to airport officials, the large construction teams building them or the huge security team keeping them safe.

But a majority of the more than 60 million people who flew in and out of the airport last year likely had no idea the tunnels existed making them a secret to the public for the time being.

That will change during the next 12 months. Eventually, airport passengers will get the see the tunnels firsthand as part of an Automated People Mover (APM) system. This tram will connect the Suvarnabhumi Airport main terminal to the midfield expansion concourse also being constructed.

The expansion will increase the airport’s capacity by an estimated 15 million people annually. Work on the project began in late 2017, starting with the taxiway before moving onto the tunnels and a new concourse. More than 1.4 kilometres of tunnels will be built as part of the project including those used for the APM and service tunnels.

A look down the tunnel which will hold the Automated People Mover (APM) system under Suvarnabhumi Airport

Thousands of passengers will be transported on the tram daily, but it’s unlikely they will pay much thought to just how the massive tunnel system came to fruition. No one really spends time to think about what goes on behind the scenes of a project like this, especially when they come to
Thailand
. However, the technology used in the construction of these tunnels is impressive in its own right.

How do you build secret tunnels under a busy airport?

Standing in the Suvarnabhumi Airport secret tunnels as they sit now feels a bit surreal. It is like something straight out of a movie or television show. The massive concrete walls stretch as far as the eye can see, a row of fluorescent lightening making it visible. The bulk of the current work is happening on the structures that will connect the tram to the new concourse extension.

Meanwhile, there are no signs of planes as they pass above the ground further down the tunnel. The only thing you do notice are the towering concrete panels that line the walls of the structure. As you might expect, these aren’t your ordinary walls.

They have been constructed with INSEE SUPERBLOCK, pre-fabricated concrete panels that have been designed to provide the strength and durability a project of this magnitude requires. Used in place of traditional brick and mortar, these panels are vital in the building of the Suvarnabhumi Airport secret tunnels that will soon be home to the people mover as well as a service route.

An estimated 50,000 square metres of pre-fabricated panels have been used in the building of the tunnel. It’s hard to even quantify that size, even as you look down the dimly-lit corridor with walls that seemingly never ends.

However, we’re getting ahead of ourselves. As recently as 2017, this space was nothing but dirt. Given the unique route of the tunnels, which go underneath taxiways at the airport, a few different tunnel creation methods were used to remove the earth and reinforce the structure. This was done to limit disruptions and maintain safety.

50,000 square metres of pre-fabricated concrete panels have been used in the construction of the tunnels

The use of pre-fabricated materials along with traditional concrete solutions allowed builders to get the tunnel up quickly. For example, 1,000 square metres of walls inside the Suvarnabhumi Airport tunnels could be installed in roughly one week.

Perhaps the most important thing about a secret tunnel is that it needs to remain out of sight and out of mind. If the public finds out a tunnel is being built underneath the planes, it might cause people to be nervous. That’s the last thing you want to happen at the airport and means time is of the essence.

By using pre-fabricated materials, the Suvarnabhumi Airport secret tunnels went noticed by the millions of people who flew in and out of the facility. Pilots and even some staff didn’t even know about the work that was taking place underground.

It may sound crazy, but before pre-fabricated concrete panels, builders would use bricks and mortar to support underground tunnels. As you might imagine, this took a really long amount of time. For starters, loading and unloading bricks is an arduous task, but that’s only one consideration.

It’s estimated that four people building a tunnel wall with pre-fabricated panels could cover up to 24 square meters in a single day. That number shrinks to 10 square metres when the same four workers build with traditional bricks and mortar.

In other words, five day’s work can be cut into two when using pre-fabricated panels. Project contractors estimate the tunnel could have been built in less than two months if they had opted to focus all of their time and effort on the project. Ultimately this was not feasible considering they also need to work on the APM station, basement and ground levels of the concourse extension.

Suvarnabhumi Airport secret tunnels will soon be revealed

During Chinese New Year festivities, some 200,000 passengers went through Suvarnabhumi International Airport on a daily basis. And yet, underneath the airport, work continued on the Suvarnabhumi Airport secret tunnels that will allow even more people to fly in and out of the airport.

Work continues on the Suvarnabhumi Airport concourse extension

It’s still a dusty work site, however, the Suvarnabhumi Airport secret tunnels won’t be unknown for much longer. No set date for the opening of the APM and concourse extension has been announced as of yet, it is expected to be operational sometime in 2020.

The tram system still needs to be installed and a great deal of testing must be done, but it’s safe to say everyone will be quite happy when it does open to the public.

The parts of the tunnels people will see when using the tram are going to look quite different than what’s now visible. A thin layer of plaster will be placed over them and then a decorative coating is set to be added over that in the areas where the tram connects to the airport terminals.

It will certainly look nice and match the final design of the airport. But, behind this decorative layer will sit 50,000 square meters of pre-fabricated concrete panels that have made the tunnels possible. Without them, the project would have taken significantly more time, money and manpower.

So, if you ever fly out of
Bangkok
 once the Suvarnabhumi Airport concourse extension once it opens and use the tram, enjoy the ride. There was a time when this short journey was nothing more than a secret hole in the ground.


Going to green: 7 of the best parks in Southeast Asia

The best parks in Southeast Asia are all worth checking out. Developers try to incorporate green spaces into their developments, but there is no substitute for the real thing. This is why parks throughout the region’s biggest cities are busy every weekend.

People love to get out of their condos and enjoy nature, even if it’s only for a couple of hours. But the
best parks in Southeast Asia
 can offer so much more than this. Some provide recreational opportunities while others provide an immersive cultural experience.

With that in mind, here are a few of the best parks in Southeast Asia.

Bangkok – Lumphini Park

Lumphini Park

While
Bangkok
 has grown around it, Lumphini Park has remained relatively unchanged since the 1940s. Originally on the outskirts of the Thai capital, the 142-acre public park now sits next to the central business district in the heart of the city. Generations of Bangkokians have made use of Lumphini Park’s jogging trails, lake and fitness areas.

Tip:
 There is no smoking in Lumphini Park and pets aren’t allowed. However, a number of monitor lizards call the park home. They look scary, but are relatively harmless as long as you keep your distance.

Singapore – East Coast Park

East Coast Park in Singapore

Singapore
 is home to several of the best parks in Southeast Asia, but we chose East Coast Park for this list. While it may not be as well known as some of the city-state’s other green spaces to non-residents, East Coast Park features a 15-kilometre stretch of coastline and attracts more than seven million people per year. The beach is even more impressive when you realise it sits on reclaimed land and was entirely man made.

Tip:
 East Coast Park boasts “Recreation for All” and offers a dedicated area for just about every type of sporting activity imaginable. This includes more extreme options such as cable skiing and skateboarding.

Ho Chi Minh City – Van Thanh Park

Photo/Bùi Thụy Đào Nguyên – Van Thanh Park

Tao Dan Park is the most recognisable park in
Ho Chi Minh City
, but Van Thanh Park allows you to truly get away from the chaos of the city. It has everything you would expect from a green space as well as some public facilities including a swimming pool.

Tip:
 There is a restaurant along the park’s lake with huts over the water where you can dine. It’s a cool experience if you’re into that sort of thing.

Metro Manila – La Mesa Nature Reserve

La Mesa Nature Reserve, not to be confused with the nearby La Mesa Eco Park, is a sprawling forest ideal for hiking or mountain biking in
Quezon City
. A massive conservation and reforestation effort over the past 20 years has brought this rainforest back to life. Numerous trails catering to all skill levels and ages can be found here making it perfect for the entire family.

Tip:
 The location of La Mesa Nature Reserve is a bit out there. You’ll likely need to drive or catch a Grab to get to this wonderful green retreat.

Yangon – Bogyoke Park

Bogyoke Park in Yangon

Yangon
 is home to a number of parks all of which have a unique charm. Bogyoke Park is located alongside the north shore of Kandawgyi Lake and offers visitors ample room to explore. You’ll also find plenty of views of Karaweik Restaurant and its Burmese royal barge exterior design.

Tip:
 There are a number of food options in and around Bogyoke Park with a few even offering lakeside dining.

Penang – Penang Botanic Gardens

Photo/Elph – Penang Botanic Gardens

The Penang Botanic Gardens can be found just outside
Georgetown
. The park was established more than 130 years ago and is best known for cascading waterfalls. The park features a variety of indigenous and exotic plant species as well as monkeys and macaques both of which you should definitely not touch.

Tip:
 You can explore the Penang Botanic Gardens on your own or take a guided tour conducted by park staff.

Bali – Garuda Wisnu Kencana Cultural Park

Flickr/Ya, saya inBaliTimur – Garuda Wisnu Kencana statue

If you’re in
Bali
, chances are you can just head to your resort along the beach or in Ubud and be surrounded nature. That’s why Garuda Wisnu Kencana Cultural Park makes this list.

The park is home to a number of impressive pieces of art with the recently completed Garuda Wisnu Kencana statue a real highlight.

Tip:
 In addition to seeing the statues, Garuda Wisnu Kencana Cultural Park hosts a number of dance shows and other cultural events throughout the day.


The good, the bad and the returns of Phuket condotel investment

Breeze Park Condotel in Phuket offers strong returns and a generous usage policy

Phuket condotel investment has taken off during the past few years. With more tourists flocking to the island, a record number of people visited Phuket in both 2016 and 2017, hotel occupancy has risen significantly.

Research from the Thai Hotels Association (THA) found hotel occupancy rates on the island rose to 75 percent in 2017, an increase of almost 12 percent from 2016. The THA also noted Phuket had the best performing hotel sector in all of Thailand last year.

Naturally, Phuket condotel investment has benefited from this. Property buyers have been eager to place their money into condotel projects since they are the easiest way to cash in on positive tourism trends. Want to know more? Here’s the good, the bad and the returns of Phuket condotel investment.

What is a condotel?

A condotel is a building where the units are sold to individuals like a condominium while being operated under hotel management. This is done to benefit both property buyers as well as hotel brands. Unlike traditional condos, which can be difficult to let out, investors don’t have to worry about marketing and managing a condotel unit.

For hotel brands, they no longer have the take on the costs of acquiring land and building a property. Meanwhile, property developers are able to attach a name people trust to their project. It is a case where all parties benefit.

Wyndham Naiharn Beach Phuket offers some of the best potential returns in Phuket

The good

There is a lot of good when it comes to Phuket condotel investment. For starters, it is far easier to let a hotel market and manage your property than trying to do it yourself via sites like Airbnb or through local property management companies. Additionally, most Phuket condotel investment programmes pool income generated, meaning even if your unit is empty for a night, it isn’t a total loss.

Finally, owners of a condotel unit can be rest assured knowing that a world-renowned hotel brand is backing the project. These properties undergo vigorous inspections by the hotel who will manage it to ensure its standards are met.

The bad

Perhaps the biggest drawback of Phuket condotel investment is the fact that when you can stay at the property and for how many days can be limited. While most condotels on the island usually allow unit owners to stay at the property anywhere from 14 to 30 days annually, space can be limited during high season. Be sure to understand the terms and conditions of unit usage before purchasing a unit in order to avoid any confusion.

It’s also important to be aware that the hotel managing the property today is not guaranteed to be doing so in the future. Hotels sign management contracts between five and 20 years and there is no guarantee that the agreement will be renewed upon expiration. Remember, you are investing in the developer, not the hotel brand.

The returns of Phuket condotel investment

There is no bigger selling point to Phuket condotel investment than the potential returns. These do vary, but some developments, such as
Wyndham Naiharn Beach Phuket
, offer potential returns of up to 10 percent.
Investors are guaranteed returns of six percent during the first two years the resort is
open
 and the project’s developer predicts yields could eventually climb to ten percent, and possibly higher, should Phuket’s tourist figures continue to climb.

A look inside the Ramada Plaza Grand Himalai Oceanfront Residences

Of course, not every project can bring in returns of 10 percent. Most condotels in Phuket guarantee rental returns averaging anywhere from five to eight percent annually during the first few years of the project opening.

Ramada Plaza Grand Himalai Oceanfront Residences
 is a good example of a Phuket condotel that investors can bank on.
The award-winning
development
 has all of the ingredients to take advantage of Phuket’s tourism boom including a well-known hotel brand, a great location and a fantastic rental programme.

Breeze Park Condotel is another project to consider
. Not only does the development offer guaranteed rental returns of seven percent, but
it has an attractive price point with unit prices starting under THB 3.5 million (USD 112,000)
. And with an impressive range of features along with 4-star hotel management, Breeze Park Condotel has a lot to offer.


Grand Residences Cebu wins the Philippines People’s Choice Award for Project of the Year 2021

This appeared in the most recent issue of Dot Property Magazine.
Click here to read it
!

The Philippines People’s Choice Award for Project of the Year is one of the few honors to be voted on by the public which makes it unique. A total of 11 of the country’s best and brightest real estate projects competing this year.

Online voting took place in November with the votes tallied shortly before the Dot Property Philippines Awards 2021 Presentation Day in Metro Manila.

The Philippines People’s Choice Award for Project of the Year 2021 was won by Grand Residences Cebu from developer Grand Land. The outstanding condominium project has raised the bar for real estate in Cebu and is seen as one of the country’s premier places to both live and invest in.

The Philippines People’s Choice Award for Project of the Year 2021 Finalists

The Residences at The Westin manila Sonata Place

Las Brisas at Tierra del Sol

Dusit D2 Residences

Smile Residences

Green 2 Residences

Grand Residences Cebu

City Homes Minglanilla

Charm Residences

Bloom Residences

Sierra Valley Gardens

Vine Residences

Park Cascades from Alveo Land won the inaugural People’s Choice Award for Project of the Year at the Dot Property Philippines Awards 2019 while there was no winner in 2020 as the awards were postponed due to the COVID-19 pandemic.


‘Great potential’ for Vietnam

Stephen Wyatt, the Country Head of JLL Vietnam, recently shared his views about the investment opportunities in the Vietnam property and real estate market.

Vietnam’s economy grew about 7 percent during 2015. Reports have said that residential demand remains healthy in HCMC and Hanoi. What’s your assessment of the Vietnamese property market and the key growth drivers?

The property market witnessed a considerable improvement during 2015 compared with the previous three and four years. Activity focused around the residential sector, with a considerable amount of development reported in both the major cities, Hanoi and HCMC, matched with a significant rise in demand. In addition, the office, retail and industrial sectors all reported an improved leasing momentum.

The development of the residential market has been more sustainable and healthier than that recorded in the 2007-8 boom as developers, investors and homebuyers have learned lessons from the past. The supply has increasingly improved over time, in terms of construction/design quality, payment schedules, financial support offered to buyers and marketing programmes and techniques. The demand side, which was characterised by enhanced customer confidence and stronger investment sentiment, and supported by the availability of housing loans from commercial banks, responded favorably.

In the residential market, one of the key growth drivers was the increased availability of housing credit, to both developers and homebuyers. The government policies on credit guarantee by banks/financial institutions for properties to be built in the future helped increase the volume of the business credit market. In the meantime the intense competition among commercial banks in providing housing loans, which has resulted in more attractive interest rates, higher loan-to-value ratios and longer grace periods, helped facilitate an overall improvement in confidence throughout the market.

Commercial banks, in cooperation with housing developers, offer attractive lending rates of 5-6 percent per annum, versus the market average of about 7-7.5 percent per annum in 2015. Also, deposit rates recently averaged about 6 percent per annum, decreasing sharply from the more than 14 percent per annum recorded in 2011, and partly making real estate market the more preferred investment channel for Vietnamese – as opposed to Gold and Equities.

It has been observed that the developers’ reputations are one of the best-selling points in development projects in the residential market, and it is fair to say the buyers are becoming more discerning as the market matures.

How has the relaxation of foreign ownership rules affected sales for overseas developers? The likes of CapitaLand and Keppel Land all have projects in Hanoi and HCMC.

Since the relaxation of the ownership legislation changed on July 1, 2015, more than 1,000 units have been reportedly sold to foreigners. This is a considerable increase in volume compared to a meagre 250 units in the previous five years.

A number of new projects have been launched in Q3/4 – 2015 with good quality construction, interior design and layouts that are more appealing to foreigners. Some recent examples include:- Gateway Thao Dien (by Son Kim Land & Hamon Developments) and Nassim Thao Dien (by Son Kim Land & Hongkong Land) both projects have attracted attention from foreign buyers.

The launch events of Estella Heights (by Keppel Land) and Vista Verde (by CapitaLand) in Singapore also received positive feedback and strong sales figures reported.  All four projects are located in District 2, HCMC, which is regarded as the ex-patriate community.

How are home prices/rental yield trending in key cities in Vietnam over the past two years? Which type of properties have most upside – residential, industrial, commercial/retail or hotel, and why?

The apartment market has seen the most consistent uptrend in the past two years, with a considerable amount of development activity in both major cities. At present sales volumes have also increased and are currently matching the amount of supply coming to the market.

In the office for lease market, rental rates in 2014-15 were stable and started to inch up in the second half of 2015. In the Grade ‘B’ office segment, many landlords started lowering their incentive packages and a number of landlords started to increase quoting rents by US$ 1-2 per sqm per month – higher than the previous rent rates for renewal contracts.

In other sectors rents have seen some decline, mainly due to an increase in supply, most notably in the retail sector. We do expect to see the industrial and logistics sectors to witness some positive upside in the next 5-10 years as a number of Free Trade Agreements have recently been agreed.

What are the potential investment opportunities that overseas developers can look at in Vietnam, and in which areas?

In our opinion, Vietnam offers developers a vast array of opportunities in all sectors of the market. The Vietnamese real estate market is still very much in its infancy and considerably behind when compared to many of its Southeast Asian neighbours, which is why we see great potential for this market.

There is an increasing number of large scale Vietnamese developers that are taking advantage of current market conditions, however, CapitaLand, Keppel Land and Mapletree have all demonstrated that there is demand for international developers in this market. Most developers tend to concentrate on the residential sector, however, we do expect to see an increase in activity in office, retail and industrial sectors going forward.

In addition, Vietnam is becoming more of holiday destination and the Hotel and Hospitality sectors will see more activity in the future.

What are the main challenges and risks of investing in Vietnam?

If you are a private individual looking to invest with the residential market, we recommend choosing a developer that can demonstrate a strong track record of completed projects and financial capability.

Both cities are witnessing a lot of development activity at present, so it is important to understand the overall masterplan for the area, upcoming infrastructure projects and the potential impact. The legal system can seem opaque and vague so always enlist the advice of a good quality law firm.

In terms of property prices, how does Vietnam compare with the rest of Asia? Where do you see prices heading, amid the boom that the sector is currently experiencing?

Property prices in Vietnam remain affordable with a typical two-bedroom, 70 sqm residential apartment within 10-15 mins drive of Ho Chi Minh City’s central business district selling for US$ 1,600 to US$ 2,000 per sqm, equating to US$ 112,000 to US$ 140,000. Overall prices are still down 15-20 percent from their peak in 2007-08.

When compared with other major cities within the region we believe there is considerable upside. As the country matures and there is further integration with the international community, we expect to see capital growth of circa 5-7 percent per annum. Investors can currently enjoy returns of 6-7 percent on residential property and 9-11 percent on commercial, depending on location, age and quality of building and covenant strength of tenants.


Green and Serene: How Phuket’s eco-friendly condominium looks to make a real difference

Thailand continues to fight environmental challenges of all shapes and sizes. And tourist areas are perhaps the most vulnerable. Plastic waste washes up onto the country’s famed beaches and pollutes the beautiful waters on a seemingly never-ending basis.

In 2018, a
10-kilometer patch of plastic waste was discovered floating in the Gulf of Thailand
. Meanwhile, a lack of waste infrastructure means the country has become
one of the world’s largest contributors of plastic waste into the ocean
 which continues to be the tourism sectors major selling point.

But marine issues are simply one of the many widespread environmental challenges the country is dealing with in tourists areas. Deforestation saps Thailand of a natural way to lower carbon emissions as well as a mechanism that can naturally cool. This, in turn, requires the use of more electricity which pumps more CO2 into the air.

The potential of renewable energy has yet to be realized in Phuket,
although there is hope solutions, such as offshore wind, will soon be embraced.
 Until then, natural gas, or in some places coal or even diesel, continue to be relied upon for power.

For the most part, it has been up to the business community to tackle these environmental challenges. Real estate developers, in particular, can play a huge role in helping Thailand become a greener place. Many of their decisions have either a direct or indirect impact on the environment and spread to other industries.

This is especially true in the country’s tourist areas where negative headlines of pollution can cause visitors to think twice about their travel plans.

The start of Phuket’s eco-friendly condominium

When it comes to sustainability, doing something is always better than doing nothing. There is no shortage of developers in Phuket, and Thailand as a whole, reducing the impact their projects have on the environment. This action should be applauded.

However, developer Serene Surin wanted to take these efforts to the next level and launch Phuket’s first eco-friendly condominium. The focus wasn’t to simply incorporate green features into the project or reduce carbon emissions, but to create a place where people could enjoy the splendor of the island without harming the beautiful surroundings.

The environmental aims extend of Serene Surin start with Managing Director Fredrik Young Carlsson who grew up in Sweden. The Nordic countries have long led the way in terms of sustainability efforts and this mindset was combined with his knowledge of the local property market to create Serene Condominium, Phuket’s first eco-friendly condominium.

Embracing nature

Green is everywhere at Serene Condominium

The best way to preserve nature is to leave it alone. That was one of the guiding principles for the developer when selecting a site. Ultimately, they found a land plot on a hill between Surin and Bang Tao Beaches without any large trees or greenery.

With that out of the way, the focus shifted to building a green environment both in and outside of Serene Condominium. The lush landscapes around the main structure were preserved to allow for fresher air and lower temperatures.

The next task was to connect the greenery found outside to the development itself. Climbing ivy was placed on the buildings’ exterior to make it look as if it was an extension of the area while flora hangs off the balconies. On the inside, vertical gardens and potted plants ensure residents never lose sight of nature.

The benefits of this are two-fold. Firstly,
research from NASA has shown plants freshen air and eliminate harmful toxins
. Secondly,
being around nature can help people feel relaxed and calm
.

Innovative build

Rooftop solar panels are one of many eco-friendly features at Serene Condominium

With a green foundation to build upon, the next step for Serene Condominium was to look for innovative ways the project could maximize resources while minimizing the impact it had on the environment.

Some of these efforts were straightforward, like banning the use of non-recycled plastic. Another example is the ceilings in common areas which are equipped with Green Board, a product made entirely from recycled material. Meanwhile, precast Thai Expended Clay Aggregate (TEXCA) Walls were used to improve energy efficiency throughout the development.

However, other issues required more ambitious thinking. Like many islands in Southeast Asia, Phuket faces challenges when it comes to water supply and energy production. Obviously, a residential project can’t solve these issues, but there was a chance to maximize the natural resources available on-site.

Installing solar panels on the roof of Serene Condominium lessens the need for energy generated through other means. The developer estimates up to 30 percent of total peak energy consumption can be covered by in-house renewables.

Another key innovation is the water resource management that collects rainwater and grey water. This is then funneled through filters and cleaned before being stored in a different tank. The harvested water has many non-consumable usages, such as watering plants, in toilets or to wash outdoor areas.

An uncompromising experience

There is a common misconception that sustainable products of any kind are more expensive, lower quality or both when compared to others available. That being said, Phuket’s eco-friendly condominium, Serene Condominium is proving these to be false.

From a quality standpoint, everything at the project is as good, if not better, than similar condominiums. Every sustainable innovation used throughout Serene Condominium is demonstrably of the highest standards. And the developer didn’t simply stop there.

Studio units here, for instance, feature transformable furniture that creates flexible spaces. Residents and investors aren’t having to sacrifice a comfortable living experience to be green. They enjoy the best of both. Of course, that means nothing if the project is unaffordable.

To that end, buying eco-friendly here doesn’t come with exorbitant price tag. Residences at Serene Condominium are competitively priced when compared to other projects. What’s more everything is backed by a strong rental management program where buyers can take advantage of a minimum guaranteed return of five percent with no limits as well as up to 29 complimentary nights per year.

Serene Condominium, Phuket’s eco-friendly condominium, offers an uncompromising experience that is both affordable and sustainable.
Click here for more information
.


Green takes gold at the Dot Property Awards

Whizdom The Forestias won Best Green Development at the Dot Property Southeast Asia Awards 2019

Green development has become extremely important in Southeast Asia. Public awareness about the impact real estate has on the environment has increased in the past five years. Developers have been innovative in creating green projects that combine environmentally friendly features with unmatched liveability.

The Dot Property Awards has honored several of these developments since launching in 2016. Let’s take a look at a few of the green projects that have won gold.

Want to be considered for 2020?
Click here to enter this year’s Dot Property Awards
!

SwanPark

SwanPark

Best Green Development

Dot Property Vietnam Awards 2018

SwanPark won Best Green Development at the Dot Property Vietnam Awards 2018 thanks in part to forward thinking design and planning. The project effectively incorporates the most innovative green technology in urban planning, design, construction and operations. SwanPark also utilizes sustainable development ensuring it surpasses the green criteria for living, learning, working and entertainment.

Whizdom The Forestias

Best Green Development

Dot Property Southeast Asia Awards 2019

The ambitious Whizdom The Forestias is bringing green living to Bangkok in ways many people never thought possible. Thai-developer MQDC launched the project to be both the biggest and greenest development in Thailand. Whizdom The Forestias will have an actual forest with developer MQDC having recovered old trees from all around Bangkok. Residents will be able to enjoy this along with numerous other green features and amenities.

Urban Hive Palms

Urban Hive Palms

Best Condo Architectural Design

Dot Property Philippines Awards 2019

One look at Urban Hive Palms and you can’t help but marvel at its amazing architecture. The project in Davao City looks and feels different from other residential developments in the area. More importantly, it’s greener than those around it as well. The impressive architectural design starts with the state-of-the-art landscape layout that provides a pleasant living experience for residents. Additionally, each unit in Urban Hive Palms blends modern functionality with the beauty of nature.

Want to be considered for 2020?
Click here to enter this year’s Dot Property Awards


Growth for the construction industry

Malaysia’s vast number of projects are contributing to a healthy construction industry.

The country’s construction industry has been fairing well of late. Growing by 7.4 percent in 2016 it is predicted that the industry will grow by a further eight percent this year alone. A result of the vast number of infrastructure projects that are planned plus real estate projects too. The total industry combined is anticipated to be worth MYR 170 billion. Additionally there will be even more demand for scaffolding due to the rapid surge in construction.

The projects behind this growth are Forest City: a mixed-use scheme sitting on an artificial island site bordering Singapore that covers 14 square kilometres; Tun Razak Exchange: a purpose built financial district in Kuala Lumpur, Bandar Malaysia: set to be the country’s centre of transport as the interconnecting point for Kuala Lumpur-Singapore high-speed rail, MRT lines, KTM Komuter, Express Rail Link and 12 highways in addition to huge scale real estate project; and Cyberjaya City Centre: a mega mixed project dubbed to become a smart city and global technology hub with a developmental value of MYR 11 billion.

The scaffolding industry is valued at MYR 40 million per year, making up a sizable chunk of the construction industry. A figure that is anticipated to grow even further in the future according to the MKRS Group, a firm that supplies scaffolding in Malaysia. Due to the increasing number of construction sites in the country and rising number of accidents, MKRS have set up a training programme dedicated entirely to highlighting safety during construction.


Growth of Ho Chi Minh City skyline may mirror Bangkok under new government strategy

Future Ho Chi Minh City development will come along the new metro line

Ho Chi Minh City may borrow a city planning tactic from Bangkok that could have long-term implications on the metropolis’ skyline. The Department of Construction made a proposal that would require newly launched residential developments meet certain criteria while aligning with technical and social infrastructure goals.

The most notable change would require developers to stop construction of high-rise apartment buildings in downtown Ho Chi Minh City and focus building these developments along the first metro route in the eastern part of the city. Districts 2, 9 and Thủ Đức is where a majority of the new projects would be launched.

According to a Vietnam News report
, an emphasis would be placed on high-rise residential developments that provide easy access to public transportation infrastructure. The Department of Construction believes the strategy could ease some of the city’s problems like flooding and congestion if implemented correctly.

See more:

Attention turns to property in Ho Chi Minh City suburbs

The end result could see the Ho Chi Minh City skyline develop around the new Metro Line similar to how high-rise condominiums now follow Bangkok’s public transport system. Most stations along the BTS Skytrain Green Line now have clusters of high-rise buildings surrounding them. It is a similar story around the MRT Blue Line. Even under construction public transportation routes now have high-rise residential developments being built around them in the Thai capital.

Should the Department of Construction proposal go into effect, the Ho Chi Minh City skyline could see similar growth. The key difference would be the government overseeing improvements to surrounding areas, something that was not required by the government in Bangkok.

Test runs on the Ho Chi Minh City metro line will start later in 2020 with service expected to begin next year
. Construction of Line 2 is also slated to begin in the near future and government plans call for four additional rail lines to be built.


What is hands-free property investment?

Hands-free property investment allows you to enjoy the returns while someone else takes care of the details

There are many types of property investment available, especially overseas. And we aren’t just talking about location. You can now invest in different real estate sectors, dabble in fractional property investment and take advantage of numerous other opportunities. Regardless of the where and what, hands-free property investment remains the preferred option for those considering cross-border options.

Hands-free property investment is exactly what it sounds like. You purchase a property and everything from unit management to rental returns are taken care of by a single company. This ensures you don’t have to worry about common challenges such as finding a tenant.

This is critically important for real estate investment overseas where you might not be completely familiar with how the market works. Finding a tenant, for example, can be a struggle since you probably don’t know where to look and what regulations you need to follow. Hiring a property management company is an alternative, but then you still need to choose a firm, which takes time.

But hands-free property investment allows you to steer clear of these issues altogether. You are buying the property with a rental agreement directly with the management company who provided serviced apartment rentals. The company that helps you purchase the property will also liaise with the lettings management company so that you have one point of contact. Ultimately, this saves you time as well as money and creates a stress-free experience.

Finding a hands-free property investment partner

If you opt for a hands-free property investment, it is important to find a partner with a proven track record of success. You want to be sure the company you choose can fulfil their promises, especially if you are considering a purchase overseas.

The United Kingdom is a popular place for hands-free property investment among Southeast Asian real estate buyers. It is a market they are familiar with in addition to offering stability and historically strong returns. A number of companies now offer full-service, real estate investment opportunities for overseas buyers.

One Touch Property Investment
 is one firm providing hands-free property investment to an international clientele. The firm assigns a personal investment consultant to guide you through the entire process. This includes finding the correct property, unit management and a host of other services.

And while it may be hands-free property investment, this doesn’t mean you will be left in the dark. One Touch Property Investment believes in being a communicative partner that’s there for you every step of the way no matter where in the world you happen to be located.

In terms of real estate, One Touch Property Investment works with reliable UK developers who have a track record in delivering properties on time. This is one way the company looks to minimise your risks. The company also focuses on buy-to-let investments in upcoming cities such as
Manchester
,
Leeds
 and
Birmingham
. These areas have the potential for greater capital uplift and excellent rental yields.

If you’re considering overseas real estate and want a hands-free property investment, One Touch Property Investment has several exciting UK opportunities available.

Click here to learn more


What is hands-free real estate investment and is It right for you?

Many people aren’t familiar with the term hands-free real estate investment but probably know the concept behind it. Basically, it is when you buy an investment property and someone else handles the rest which leaves your hands free. Figuratively speaking, of course.

Everything from finding tenants to managing the unit is taken care of, usually by third-party companies hired by the project’s developer. The organization of this setup can vary quite a bit depending on the location and type of property you are investing in.

For example, condotels are the most popular form of hands-free real estate investment in resort areas. The project’s developer will hire a hotel brand to manage the property, market it and take care of day-to-day upkeep. Another firm will oversee the financial side of things, collecting revenue and paying out returns.

This may be very different from hands-free real estate investment at an urban condominium. The setups here can vary wildly depending on the developer’s own capabilities. Some will hire a property management company to do everything.

Others opt for a more piecemeal approach. They may have a firm manage the daily operations of the building while having internal teams handle the leasing and finances. That being said, the setup will not have much of an impact since most developers offering hands-free real estate investment provide you with a single point of contact.

Is hands-free real estate investment right for you?

Hands-free real estate investment is perfect for those wanting to buy property while letting someone else do all the hard work. This usually comes at a cost with returns here being less than if you did everything yourself. Now, this is not always the case. You should research the potential returns via both methods to see how it affects you.

Another consideration when it comes to hands-free real estate investment is furnishings. Many developers will require you to buy a special furniture package to participate in their programs. This may be included in the sale price but can also be an add on you’re expected to purchase.

You can lose some flexibility with hands-free real estate investment as well. Many developers expect you to place your unit in their rental program for years. This means it may not be possible to take back your property should you want to use it.

If you don’t want to deal with the hassle of managing your property, hands-free real estate investment is a great alternative. The most important thing to consider is if the time and effort you save in having someone else take care of the unit is worth the potential impact it can have on your ROI.


Hanoi sees positive sentiment

Last year was a positive year for the entire residential market in the Vietnamese city of Hanoi, according to the latest research from CBRE Vietnam.

An estimated total 28,283 units were launched to the market across all the different segments, which was 70 percent higher than 2014. Developers were confident and more bullish on the market. And rushed to release either old projects with new positioning, or new projects that had been put on hold during the market crisis.

The year marked a come-back of high-end and luxury segments, with major high-end projects in the central business district fringe and the west. The affordable segment still accounted for a considerable share of approximately 30 percent in terms of supply. While high-end projects in good location targeted mostly buy-to-let investors, affordable projects proved to be a good choice to the majority of end-user buyers due to their affordability.

Demand wise, market sentiment was positive throughout the year, and improved over the quarters. An estimated total of 21,102 units were sold over the year. High-end and luxury segments saw improvement in their shares of total sales over the quarters, and ended the year at approximately 32 percent of total sales, a rate that was historically below 20 percent over the past years.

While the shares for mid-end and affordable segments have been lower than those of 2014, these segments still accounted for a majority in total sales due to their affordability and targeting more end-user buyers. Pricing has shown the same performance pattern, like HCMC, but at a moderate pace.

Strong supply and demand for top-tier properties

After a long cold winter from 2012, since H2 2014, the Hanoi residential market started to see positive signals in both supply and demand, especially in the investment grade properties – high-end and luxury segments. These two segments altogether accounted for 18 percent of market supply.

Supply wise, prime grade condominiums started to pick up by the end of 2014, as developers were quick to gauge the window of opportunity for launching, and started to quickly get their land bank ready for launch and develop.

A total of 1,481 of prime units were launched in 2014. In 2015, in line with the strong recovery in market sentiment, CBRE noted that as many as 6,365 high-end and luxury units were launched to the market – four times higher than that of 2014. The majority of the units launched were in good locations, in the CBD-fringe, just a 10-minute drive to the current CBD which is still favoured by local buyers. Vingroup’s Park Hill project with more than 3,000 units was a major new launch for 2015.

Prime-grade properties in good location near the current CBD have always been favoured by local buyers for their good rental yield potential. During the time of crisis between 2012 and 2013, high-end and luxury segments were those that suffered most due to affordability and the opportunistic nature adopted by some buyers. In 2014 sales picked up with total 2,319 units being sold (as compared with less than 500 units per year in 2012 and 2013). The strong sales momentum remained during 2015 with 4,800 units being sold in these segments.

As the opportunistic segments saw the strongest demand in an uptrend market, premier properties were mainly absorbed by buy-to-let investors since the properties were in prime locations and commanded good rents from foreigners working in the city.

Looking forward, Hanoi also expects significant, largescale high-end projects to be launched in the next two-three years. CBRE Research estimates that more than 6,000 prime grade apartments will be launched to the market in 2016, a similar level to 2015.

The pace of new supply of high-end and luxury apartments added to the market might slow in 2017 and 2018 respectively. In terms of demand, absorption during 2016 is expected to be at the same level as 2015, and may slow down in 2017 and 2018 as a new market cycle begins.

Limited future supply for prime homes

Top-tier properties are much attached to a prime locations. The declining supply of prime homes is mainly due to lack of available land and timing. Supply of prime grade properties usually soars in an uptrend market. As market slows down, developers tend to release units that are more affordable.

Stabilised price levels expected for next few years

Prices in both primary and secondary markets have seen upward trend since 2014. CBRE Research data showed that after going down approximately 22 percent in 2013 (as compared to the peak in 2010), prices have gradually increased over the quarters since 2014. Primary prices of prime homes are currently in the range of US$ 1,600 to US$ 3,500 per sqm depending on location, while resale prices are hovering between US$ 1,500 and US$ 3,850 per sqm.

Looking forward to 2016 and beyond, CBRE Research expects that prices will stabilise and grow at a modest level. Since buyers are now more discerning and supply is abundant, developers are also cautious in increasing their selling prices in order to ensure sales schedules go as planned.

CBRE Research expects that price growth rate could be strongest in 2016 and may slow in 2017 and 2018.

Changes as foreign buyers enter the market

With the market becoming more open and internationalised and overall pricing still attractive compared with other mature markets, it is expected that more foreign buyers will show interest in the Vietnam market as more guiding laws are issued to direct the stakeholders involved.

Despite notable interest from foreigners who live and work in Vietnam, the number of sales to offshore foreigners to date has been limited. Unlike local buyers who are familiar with the market, foreigners, when buying home abroad, ask many questions regarding the administrative process, potential capital gains and rental yield. They look far into the future and are concerned about any potential implications related to selling their assets when the time comes. Therefore, developers still need to prepare for the battlefield at a new height: professionalism, language proficiency and ease of payment are among key matters in a changing market.


Have you seen what’s popping up in Malaysia lately?

Property developments popping up in Malaysia are seriously drool worthy. Developers in the country are striving to curate atmospheres that provide a luxurious ambiance. And we admit, they are blowing it out of the water. From top-notch facilities, scenic views and lavish furniture there is something for everyone to dream about at night.

Take a look at the latest condo developments popping up in Malaysia – and see for yourself.

Come 2019,
The City of Dreams
 will be available to, well… make your dreams come true. A sparkling lifestyle flooded with tranquil water views will constantly bring you peace on the laid back island of Penang.

City of Dreams developed by Ewein-Zenith

Highly extravagant,
EPIC Luxe Homes @ Sentral Residences

is designed for those can appreciate an address that is envy-worthy. Situated in the city center of Kuala Lumpur, this home offers awe-inspiring views of the city skyline and 150 year old Lake Garden.

EPIC Luxe Homes @ Sentral Residences developed by Prema Bonanza Sdn Bhd

An award-winning international waterfront precinct,
Puteri Cove Residences and Quayside
, faces a private marina with over 300 berths. The luxurious condos were designed by Singapore’s premier developers and with that, it’s only a 10 minute drive over to Singapore.

Puteri Cove Residences and Quayside developed by Pacific Star Development Ptd Ltd.

It’s clear that developers in Malaysia clearly know what they’re doing. Everything seems to be dusted with luxury and the high-end options seem endless. So, if for some reason you didn’t like what you see here, there are
plenty of new homes
 for you to explore in Malaysia.


HCMC: 100% jump in new launches

New launches in the Vietnamese city of Ho Chi Minh City grew by more than 100 percent year-on-year, according to new research from real estate agency Savills published in its latest Market Briefs report.

The agency reported there were 11,800 new units launched from 17 new and seven existing projects, increasing 20 percent quarter-on-quarter and more by than 100 percent Y-o-Y.

This, Savills reported, was the largest new supply by quarter over past five years.

Total primary stock in the city rose to nearly 37,200 units, increasing 20 percent Q-o-Q and by an amazing 101 percent Y-o-Y.

Total sales amounted to nearly 7,700 units, up by 47 percent Q-o-Q and 86 percent Y-o-Y. Absorption rates were noted at 21 percent, up 4 percent Q-o-Q but down 1 percent Y-o-Y due to abundant new supply this year.

Both Grade ‘A’ and ‘B’ properties reached their highest sales level during the last five years, while Grade ‘C’ sales remained stable, accounting for 37 percent of total transactions.

Savills concluded by noting that projects with good locations, investment opportunities, near developed infrastructure and comprehensive urban planning were attracting buyers’ attention.

Image: The Ascent in HCMC, being marketed by Savills.


HCMC: The next two years

Last year marked a new high for the residential sector in Ho Chi Minh City, according to new research from CBRE Vietnam.

In line with the continued expansion of the economy, market confidence started to pick up. This was clearly proven through well-attended launches, increasing sales volume and price improvements throughout 2015.

Developers were confident and rushed to either release new projects, or repackage pending projects with a new design. During 2015 approximately 41,787 units were launched to the Ho Chi Minh City market across all segments, 2.2 times of that of 2014.

Last year also saw a strong resurgence of the high-end segment in the city, with major projects clustering along the Metro Line 1. This rapid transit system is currently under construction and has triggered residential launch activities in the Eastern part of the city, including Binh Thanh District and District 2.

The city also welcomed its first biggest condominium projects – Vinhomes Central Park (10,000 units, Binh Thanh District) and Masteri Thao Dien (3,745 units, District 2) however, in terms of launched supply, the affordable segment still accounted for the largest share of 35.8 percent.

While well-located high-end projects target mostly buy-to-let investors due to their high rental yield ranging between 6 percent and 8 percent gross, affordable ones proved to be a good choice to the majority of end-users with limited affordability, according to CBRE.

Demand wise, market sentiment was strong and steadily improved over the quarters. The number of sales transactions reported was a new record high at 36,160 units, almost double that of 2014. The top tier segments (luxury and high-end) witnessed big improvements in sales volumes, expanding by 135.6 percent from last year compared with 81.2 percent of the lower grades (mid-end and affordable).

While the growth of sales transactions for the mid-end and affordable segments has been slower than that of ttop-tier ones, these segments still accounted for the majority of total sales (54 percent) as they target at end-users, or real demand.

Average pricing on both primary and secondary fronts has improved over the quarters and at a stronger pace towards the year end.

The revised Law on Housing and Law on Real Estate Business came into effect from July 1, 2015. The new policy allows and encourages foreigners to own properties in Vietnam by providing more extended rights. Since then, the market has reported a significant level of interest from foreigners into major, high-profile projects from reputable developers in both Hanoi and Ho Chi Minh City.

Strong supply and demand for top-tier properties

After a long downturn caused by the bubble burst, since H2 2013, the Ho Chi Minh City residential market started to see positive signals in both supply and demand, especially in the top-tier segments (high0end and luxury). These two segments together accounted for 30.6 percent of total launched supply. Supply wise, during the crisis between 2011 and 2012, the luxury and high-end segments were those that suffered most due to the overall affordability and opportunistic nature. Prime-grade condominiums started to pick up by H2 2014 as developers were bullish to hold ground-breaking and launch events.

Since then, top-tier segments have been nearly tripled in terms of new supply, totalling at 16,674 units by the end of last year. This is four times higher than that seen in 2007, reflecting how big the current market size is compared with the last cycle peaking during 2006 – 2007.

Phu My Hung Corporation (Taiwan) and VinGroup (Vietnam) are the biggest developers who have continually introduced new products in the south and the east respectively. These areas are also the most active buy-to-let clusters with healthy rental yields.

During 2014 sales picked up with 5,767 units (versus around 1,000 units in 2011 – 2012). Sales momentum remained strong in 2015 and reported a new record (13,586 sold units), double 2014.

Looking forward, significant large-scale high-end and prime luxury projects are expected to be launched in the next two-three years. CBRE Research estimates that more than 18,200 top-tier projects will be launched in 2016 and a number equivalent to 2015’s supply during 2017. However, new launches will drop significantly in 2018 due to lack of prime sites as every developer is hurrying to catch the peak until H1 2017.

Are we still peaking or have we peaked?

In terms of demand, absorption in 2016 is expected to be slightly lower than 2015 since new launches will carry a much higher asking price and buyers need time to get used to such price level. Top-tier take-up may slow in 2017, especially in the second half of the year when the market sentiment run out of steam. Then it will be cut by half in 2018 as new top-tier projects being launched this year are mostly the long, pending ones at less popular districts.

However, CBRE noted that 2018’s market-wide take-up might be at the same level to 2014 due to the balance from lower-end products.

Stabilised price levels expected in the mid-term

Since 2014, prices in primary market has been on the rise, though at a modest rate. CBRE Research data showed that after decreasing largely by 20.4 percent in 2010 (compared with the peak in 2008), prices have gradually increased over the quarters. Primary prices of premier homes now range between US$ 2,033 and US$ 4,197 per sqm depending on location.

Looking forward to 2016 and beyond, CBRE Research expects that price growth rate could be strongest in 2016 (with an uptick of 17.2 percent) and may slow in 2017 – 2018. With more discerning buyers and an abundant supply, developers are cautious with their price increases in order to ensure sales schedule as planned. Therefore price growth will mostly come from new, top-tier properties at very prime locations asking between US$ 7,500 and US$ 10,000 per sqsm (luxury projects in the existing central business district) and US$ 2,500 to US$ 2,900 per sqm (large scale high-end projects in the expanding CBD or in District 2 during 2016 and at Phu My Hung New Town in District 7 in 2017). From 2018, new premier properties will be scattered in other less favourable districts leading to a modest drop in primary prices.

Will foreign buyers enter the market?

The crackdown on foreign housing ownership, in addition to developers’ promotional sales programs, are reaping results after several months of execution. CBRE Vietnam is seeing notable interest from Singaporean, South Korean, Japanese and Malaysian buyers who live and work in Vietnam, mostly buy-to-let investors.

HCMC’s yields are very attractive, compared with other mature markets. The ready pool of tenants, especially near the international schools, also helps investors to quickly fill vacant apartments.

Vingroup, a listed local developer with the biggest land bank in Vietnam, reported a deposit receipt for more than 400 units from foreign buyers at Vinhomes’ Central Park, particularly at their luxury block (Landmark 81). Anecdotal evidence also showed that other premium, high-end projects in good locations, with adequate facilities and developed by prestigious investors have attracted many foreign buyers. One project has even reached the cap applied to foreign buyers (up to 30 percent of total units) only four months after its official launch.

However, CBRE Research does not expect an abrupt change in sales to foreigners during 2016.


Hedgeley Malvern East brings life to suburban Melbourne

Melbourne has it all. World-class entertainment options, great schools and plenty of outstanding residential projects can all be found in this diverse city. And while Melbourne’s bustling city centre tends to draw the most attention from international real estate buyers, the suburbs offer a more relaxed lifestyle. Whether you are looking to relocate here or are investigating investment opportunities, Suburban Melbourne is worth checking out.

Live…

Of all the suburbs surrounding the centre of Melbourne, Malvern East is among the most popular. It is known for its green parks and scenic Gardiners Creek borders the neighbourhood. The suburb is home to a number of top-notch housing complexes but Hedgeley Malvern East by
award-winning Australian property developer Little Projects
 is one garnering a lot of buzz. The project is a short walk from the East Malvern train station and features some unique architecture incorporating lush greenery that provides a peaceful ambiance for those living here.

…Play…

Apart from all the parks and green spaces in Malvern East, the suburb is also home to Chadstone, Australia’s most prestigious and largest shopping centre. There are two golf courses in the area, East Malvern Golf Club and Malvern Valley Public Golf Course, for those who enjoy hitting the links. Several quaint restaurants and pubs keep residents of Malvern East busy during the evenings and weekends.

…Invest

Let’s start with the bad news.
Victoria did enact a stamp duty hike on foreign buyers
 that increased the surcharge from three percent to seven percent last year. And while it is not ideal, the government’s move to reign in home prices hasn’t completely deterred property buyers from abroad. That’s because, and this is the good news, demand for homes in Melbourne and its suburbs is still strong and home values continue to climb, especially in locations like Malvern Eaast.

A project such as Hedgeley Malvern East is attractive on many fronts. For those looking for long-term, passive income, you are getting a property at one of Melbourne’s most desirable addresses. It also appears as if property values in this suburb are going to continue to increase, ensuring a well-rounded investment that provides solid returns when divested in the future.

Final Thoughts Hedgeley Malvern East

A lot of international property buyers, both investors and end users, were put off by the stamp duty increase imposed by the government of Victoria. This is understandable, however, given both the short- and long-term outlook of Melbourne’s real estate market, opportunities are still to be found. The right project in the right location, including the city’s suburbs, will be profitable regardless of an increased stamp duty. Melbourne also remains one of the world’s most liveable cities and it’s hard to put a price tag on that for those considering relocation.


How to help victims of Typhoon Mangkhut in the Philippines

Photo: Japan Meteorological Agency

Typhoon Mangkhut passed through the Philippines, but its impact will continue to be felt for the weeks and months to come. According to government estimates,
more than 591,000 people are having to cope with disrupted living
conditions
 while damage is estimated at least PHP 11 billion (USD 203 million) with the total likely to rise.

The storm decimated northern parts of the country with areas like Cagayan, Ilocos Norte, Isabela, Abra and other parts of Northern Luzon bearing the brunt of Typhoon Mangkhut.

There are a number of organisations and institutions in the Philippines where you can donate to help in the recovery efforts. And if you currently in the country, it is possible to volunteer.

Save the Children

Save the Children is accepting monetary donations to help their emergency response teams in affected areas. The organisation is also dispatching relief goods and emergency kits to those in need.

Click here to make an online donation

World Vision

World Vision is coordinating with national and local disaster authorities to look into the emergency needs such as food and life-support items in order to support the relief efforts of the Philippine government. The organisation focuses on the essential needs of children.

Click here to make an online donation

Kabataan

Kabataan is a volunteer network in the Philippines led by various youth and student organizations. The group is asking for the donations of relief goods such as canned goods, rice and noodles, bottled water, coffee, medicine, clothes and blankets if you are near a drop-off station in Quezon City. You can also make an online donation via PayPal.

Click here to make an online donation

Philippine Red Cross

The Philippine Red Cross (PRC) is asking for donations made through bank deposit or by visiting the Philippine Red Cross Tower in Mandaluyong City. Currently, the PRC has provided almost 2,000 individuals with hot meals while also setting up first aid stations and welfare desks in evacuation centers and conducting water search and rescue operations in Cagayan and Nueva Ecija.

Click here to learn how to donate


Here’s how you can enter the Dot Property Awards 2021

The Dot Property Awards returns for 2021 with events scheduled for Vietnam, Thailand and the Philippines in addition to our regional celebration in Bangkok at the end of the year. Entries are currently being accepted for the Dot Property Awards 2021, and there is still time to join Southeast Asia’s most exciting property awards series.

The process to enter is entirely digital and takes roughly 5-10 minutes to complete. We encourage you to submit your entry as early as possible in order to ensure all information is accurate. Here is a brief, step-by-step guide on how you can enter the Dot Property Awards 2021.

Step 1 – Prepare information

Before you submit your entry, it is good to have some basic information on hand. For developers, this includes knowing the basics of your portfolio and how many projects you’ve launched in the past five years. For real estate agents, you will need to provide some simple details such as when your company was founded.

Step 2 – Fill out the entry form

Click here to go to the Dot Property Awards entry form
. Once there, please answer the questions in as much detail as possible. You will be prompted to choose the projects you wish to nominate and awards you want to be considered for.

Step 3 – Submit the entry form

Don’t forget to click on the big ‘Enter Now’ button at the bottom of the form once you have filled it out. Additionally, if you wish to nominate another project or want to be considered for a different award, you can always fill out the form again.

Step 4 – Wait for confirmation

Once the form has been submitted, the Dot Property Awards team will contact you to confirm your entry and request further details if necessary. This could include things like marketing materials, project brochures and company information. The Awards team can also answer any questions you may have about the presentation ceremony or things related to this year’s program.

Enter the Dot Property Awards 2021 today!

Why enter Dot Property Awards 2021?

Winning a Dot Property Award helps build trust amongst the public while also elevating your brand. It is more important now than ever before to be seen by the public as a credible company. Winning an award is one of the best ways to build that credibility as it shows the world your work has been independently verified and recognized.

Dot Property Awards 2021 presentation ceremonies are scheduled for Vietnam in July, Thailand in August and the Philippines in September. Each one is currently set to proceed, although plans are subject to change.

Click here to submit your entry form


Here’s you chance to attend the biggest night in Southeast Asia real estate

A select number of tickets for the Dot Property Southeast Asia Awards 2022 are now available. Be a part of the biggest night in Southeast Asia real estate and mingle with the industry’s best and brightest. The event will go ahead on Thursday, December 15 at the luxurious Four Seasons in Bangkok.

Click here to secure your spot
!

Your all-access pass includes pre-event networking; a seat for the awards presentation; multi-course dinner; and entrance to the Dot Property Southeast Asia Awards 2022 afterparty. Best of all, drinks are free flow throughout the evening.

Developers and agents from around Southeast Asia will be in attendance. This provides you with unmatched opportunities to network with regional property leaders.

This your chance to find out why the Dot Property Southeast Asia Awards 2022 are known as property’s most exciting night. Only a few tickets are available on a first come, first served basis.
Checkout this video from our previous celebration to see what you can expect on December 15
.

So, what are you waiting for? Join us at Four Seasons Bangkok on December 15 and be part of the biggest night in Southeast Asia real estate. This is a celebration you won’t want to miss!
Book your tickets today
.


Here’s your exclusive opportunity to learn about the UK’s Stamp Duty Holiday Benefits from industry experts

Investors can take advantage of the UK’s Stamp Duty Holiday Benefits at projects like Royal Arsenal Riverside

Between now and the end of March 2021, UK property investors can enjoy Stamp Duty Holiday Benefits. Taking advantage of this program can significantly reduce your stamp duty land tax responsibility when purchasing a property in the UK.

Savills Malaysia with Berkeley Group, a leading UK developer, is hosting an exclusive webinar where participants can learn more about the Stamp Duty Holiday Benefits from respected tax consultants and industry experts as well as receive information about Royal Arsenal Riverside, an iconic London project.

The webinar is free to join and will take place on August 27.
Click here to register for this exclusive event
. Alternatively, you may book an appointment with Savills Malaysia to receive more information at a time that is convenient for you.
Schedule your appointment today
.

Speakers scheduled to appear at the webinar include Melissa Koshy, Vice President, Project Marketing & Residential Agency at Savills Malaysia; Martin Holden, Director MJH Tax Consultants; Sam Lee, Senior Advisor Capricorn Financial Consultancy and Dominic Wang, International Sales Manager at Berkeley Homes.

About Royal Arsenal Riverside

Royal Arsenal Riverside
 combines a prime location along the River Thames with the largest residential leisure facility in south London. The result is a project that offers significant investment potential with one of the city’s best living experiences.

The project is located in the heart of Woolwich, an area recognized as one of London’s up-and-coming bright spots. Royal Arsenal Riverside boasts a diverse retail hub and is one of the most connected residential developments in all of Southeast London. Work continues on a Crossrail station that will be linked to the development while the Thames Clipper Pier is on-site. National Rail and DLR stations are less than a five-minute walk away.

There are one-, two- and three-bedroom units available in Royal Arsenal Riverside. Layouts are spacious with many offering great views of the iconic River Thames.

Exclusive London property investment opportunity

While the Stamp Duty Holiday Benefits are being made available until the end of March 2021, interested real estate investors will need to act now to secure the remaining Stamp Duty Holiday qualified units in the most desirable projects, such as Royal Arsenal Riverside.

The upcoming webinar from Berkeley Group on August 27 is set to have four expert speakers each providing detailed insights on purchasing London property. And if you cannot attend on August 27, it is possible to speak with representatives from Savills Malaysia at a time of your choosing.

Click here to join the webinar
 or
scheduled your one-on-one appointment with Savills Malaysia
.


Here’s looking at YOO, exploring the designer’s work in Southeast Asia

Last month, famed design firm YOO revealed a desire to further its expansion in Southeast Asia. The company plans on opening a Bangkok HQ to support its efforts. The move makes sense as the region has a strong demand for branded residences.

“We have considered opening an office for quite some time in Bangkok as it’s the hub of Southeast Asia,” Andrew Pang, Asia-Pacific Managing Director at YOO, stated. “Being here in the market is critically important for us to grow.”

YOO, which boasts 13 percent of total branded-residence projects in the world, designs rooms and common areas in condos, co-working spaces and hotels. Developers then parlay these efforts by attaching the YOO name to their project. This can increase demand from the public while also creating a higher price.

Khun By YOO Condominium Thong Lo

“We believe our approach to design will resonate in this regional market,” James Snelgar, YOO’s head of international business development, said. “We expect huge business growth in the next five to 10 years as we expand into other spaces like hotels and co-living spaces.”

The expansion allows YOO to raise its profile in the region, but it already has a solid number of projects here. Thailand, Malaysia and the Philippines are among the countries where YOO has at least one condominium development.

The YOO portfolio in Southeast Asia

The design outfit’s most notable Southeast Asia project to date is Khun By YOO Condominium Thong Lo. Developer Sansiri tabbed YOO to help add an extra level of luxury to this Bangkok project. The most notable feature at the 27-story tower is the copper core running through the heart of the building. There are also flashes of raw concrete throughout the condo and a specially crafted façade that exudes an elegant and luxurious appearance.

Khun By YOO is slated for completion in late 2019 or early in 2020, but the project has already made waves. It is the price per-square-metre record holder for Bangkok’s posh Thong Lor neighbourhood.

Click here for more information

YOO 8 in Kuala Lumpur

In Malaysia, work has begun on YOO 8. The luxury condominium is being developed by KSK Group and one of the key selling points are the project’s views of the iconic PETRONAS Towers.

From a design standpoint, the use of marbles and raw concrete with brass offers a new take on vertical living, creating beautiful residential spaces in the process. The upscale residential development also promises well-designed communal areas and amenities.

Iguazu by YOO in Makati

YOO also has a presence in the Philippines with its work on Iguazu by YOO. Respected developer
Century
Properties
 is partnering with the design house to curate a project inspired by the Iguazu Falls in South America. A waterfall pool and wet lounge are just a few of the carefully designed amenities put in place to support this theme.

Units in Iguazu by YOO feature a palette utilising nature, culture and minimal colours as residences embrace the sights of the Iguazu Falls. The condominium is located just outside of Makati and provides easy access to the city’s CBD.


Here’s your opportunity to own a unique hotel on a tropical island

What if you could own a unique hotel on a tropical island that is popular among local and overseas tourists? Not only that, but one that was available at a significant discount? The award-winning CMP Realty has a listing you don’t want to miss.

This beautiful 25-key resort on Koh Mak
 is ideal for anyone wanting either a turnkey investment or a property that can be expanded upon. The opportunities are truly endless. Let’s start with what is already on-site.

The hotel features 25 fully equipped bungalows with air conditioning installed. Additionally, the resort boasts a three-level swimming pool, two restaurants, two parking lots, an office, employee housing and a private dock. There is also additional space that could be used to build roughly 20 more bungalows or several premium villas.

An areal view of the unique hotel for sale in Koh Mak

It sits along the waters of the Gulf of Thailand on Koh Mak. Situated south of Koh Chang, this tropical island has become quite popular over the past few years because of the quieter, more laid-back ambiance it offers. It’s easily accessible via ferry from Trat which is connected to Bangkok by both air and road links.

CMP Realty has the resort listed on Dot Property Thailand for THB80 million, THB40 million off the original asking price. With the potential for future hospitality development on Koh Mak limited, this presents investors with a unique opportunity to secure a spot in an up-and-coming tourist destination.

Click here to learn more

About CMP Realty

CMP Realty was named among Thailand’s Best Real Estate Agencies at the Dot Property Thailand Awards 2021

CMP Realty assists customers looking for property in and around Pattaya and Phuket. It is backed by an brand that operates internationally which provides clients with a perspective that is both local and global. The firm was named among Thailand’s Best Real Estate Agencies at the Dot Property Thailand Awards 2021.
Click here to see all their available properties
.


Here’s how Rolling Ant used video games to innovate the way people view property in Vietnam

Sales agents using Rolling Ant’s fully nteractive PC application to present at Masterise Homes's Sales Gallery

This article on Rolling Ant appears in the newest issue of Dot Property Magazine.
Click here to download your FREE copy today
!

On the surface, it appears that video games and real estate may not have a lot in common. However, both are driven by experiences and are extremely visual in nature. Comparisons don’t end there. The best video games are brought to life by being engaging and striking to look at. It’s a similar story for property.

Rolling Ant was one of the first companies to realize the similarities. The firm decided to create an innovative range of real estate viewing solutions after spending 16 years developing Xbox 360 and PlayStation triple A titles for companies such as Microsoft, EA and Disney. It’s background in video games allowed it to see the property sector in a new and exciting light.

“We saw that a lot of what works with video games applies to different businesses as well. So, we took a major leap and put resources into developing Rolling Ant’s solution to better serve the real estate industry,” Nam Hoai Nguyen, Rolling Ant CEO and Founder, recalls. “We have innovation in our DNA, so the ‘game’ team constantly works on new features and tools that can then be applied to the real estate industry.”

Traditional digital viewing solutions used by the real estate industry tend to focus exclusively on the visual aspect of a project. This is important, but also misses a crucial element that can create a bond between a person and property even if it isn’t built yet. Rolling Ant realized people required something more than pretty things to look at. They needed an engaging experience like they’d find in a video game.

“The difference between our services and other digital/arch visualization is not about visuals. It is about how we stimulate the project and find ways to gamify the viewing experience,” Nam explains. “Our approach is to understand the unique selling point of a project and then create an emerging moment that captures it.”

In order to do this, Rolling Ant builds fully interactive virtual environments where people have the freedom to really explore and view projects from any angle and in any light or environmental condition. Anyone can roam at a leisurely pace in an open world-style setting where they chart their own course.

That innovation is allowing homebuyers in Vietnam to make more informed decisions about buying off-plan property. By creating an engaging experience, Rolling Ant has removed the uncertainty that usually causes people to hesitate or feel uncertain.

“Today’s homebuyers are astute and intelligent. They want as much data and information as possible before making the decision to buy or not,” Nam says. “Rolling Ant’s solution helps show them all perspectives at any time of the day from any angle. We cover the imagination gap for purchasers.”

Innovation at the right time

Nguyen Hoai Nam – CEO of Rolling Ant

The
Vietnam
 real estate market is in a period of growth and advancement. Developers continue to launch more ambitious projects which require a significant level of storytelling. Rolling Ant’s innovation has come at a great time for the property sector as it can help showcase engaging experiences as opposed to linear visualization.

“The real estate market has brought a lot of master urban planning projects with mixed-use developments, large-scale residential communities and many other project types being built across Vietnam. The planning and vision of some of these developments has taken more than a decade to create,” Nam points out. “We want to not only accurately showcase these developments but also allow people to see the beautiful future of each one.”

Among the most interesting things about the technology Rolling Ant uses is just how detailed it can be. The experience shows people every last detail about a project which would have been unheard of as recently as five years ago. The public no longer has to wonder about what something will look like. Instead, they can see it for themselves.

“Projects in Vietnam have gone from being a couple hundred units to now having a couple thousand, from 10 hectares to 1000 hectares. The strength of our technology is that it can show people every last tile of a project no matter the size,” Nam states. “We have developed a backend tool to create movies and images for every single unit among the thousands.”

Rolling Ant believes it is the only team in the world that can create a fully interactive PC application for urban planning developments of up to 1000 hectares. Several of Vietnam’s leading developers have already tapped into this power to showcase their projects.

For example, Novaland enlisted Rolling Ant for the 1000-hectare Novaworld Phan Thiet resort complex and Aqua City, a massive township project. Other homebuilders to have partnered with the company include Masterise Homes, Keppel Land and Son Kim Land.

“Our technology allows everyone to visit any corner of a project using a street-eye level view. In high-rise buildings, potential buyers can visit any unit and feel the view from the balcony. Not a generic view of what you may see, but the actual view they will experience in real life. Off-plan buyers will see exactly what they can expect as opposed to a more general sense of what a unit might be,” Nam says.

Last year saw Rolling Ant presented with the Special Recognition Award for Innovation at the Dot Property Vietnam Awards. The honor not only validated its decision to move into the real estate sector but showed the entire industry the importance of having a unique perspective.

Winning has inspired Rolling Ant to keep innovating. The company is already looking at how it can provide property buyers with more immersive experiences and new hardware could lead to some really exciting advancements.

“The recognition from Dot Property is such a big achievement for us. For the Rolling Ant team, it is a big push that will keep us rolling forward,” Nam concluded.