Check out the newest issue of Dot Property Magazine

The newest edition of Dot Property Magazine is out now. You can find it
here
 or download it using the free Dot Property Magazine app available in the
Apple Store
 and
Google Play
. Here is the editor’s letter from the most recent issue which provides a look at what to expect from the current issue of Dot Property Magazine.

If the first quarter is any indication, this year promises to be one full of innovation for real estate in Southeast Asia. This isn’t to say the projects launched and completed during the past few years were bad. Far from it. But, it did feel as if many developers found formulas or templates they were happy to stick with.

It is refreshing to see many firms flip the script with competition around the region for homebuyers and investors at record levels. I’ve seen first hand how developers in Thailand, the Philippines and Indonesia are thinking, and building, outside the box.

On the cover of Dot Property Magazine is Grand Himalai (p. 44). Developer Blue Horizon didn’t want to rest on its laurels. It went above and beyond to create a condotel that stands out, even in Phuket’s crowded marketplace. The amenities in particular shine when you factor in the attractive price point for units here.

Speaking of amenities, I’m still taken aback by what is found at Niche Pride Taopoon-Interchange (p. 30). SENA Development and respected Japanese property firm Hankyu Realty have teamed for the condominium that will have facilities spread across 30 floors, a record in Asia. It was so impressive that I thought about taking a unit at the recent pre-launch event.

Picasso Villas were finished in October and it boasts features not found anywhere else such as a FIFA certified 5-aside football pitch, a villa inspired by Jayne Mansfield and another with enough football memorabilia to fill a museum. I’d highly recommend staying here if you’re visiting Phuket (p. 32).

Moving over to the Philippines, Filinvest has been hard at work to create developments that go beyond the ordinary. For example, it pulled out all the stops on the interior design at Fortune Hill, blending the conveniences of today with a timeless sophistication residents will enjoy. The result is simply stunning (p. 62).

We also have Anchor Land whose work in the Manila Bay area has transformed this part of the city (p. 50). The developer embraces the upscale lifestyle Manila Bay made famous at the beginning of the 20th century and this is evident in developments such as Admiral Baysuites. The condominium captures the spirit of the old Admiral Hotel, a historic building the firm is currently redeveloping.

And this is just the tip of the iceberg. More launches are set for the second quarter and it looks as if many developers from around the region have a few surprises in store. Both end users and investors are going to be spoilt for choice this year, no matter where in the region they are looking to buy. And that is undoubtedly a good thing.

Thanks for reading,

Cheyenne Hollis

Click here to read the current issue


Checkout the highlights from the Dot Property Mega Sale

The Dot Property Mega Sale is in the books and this year’s event was bigger and better than ever. Thailand’s largest property sales event allowed homebuyers to take advantage of exclusive deals and discounts on real estate in Bangkok, Phuket and Pattaya. Checkout the highlights from Dot Property Mega Sale in the above video.

Click here for more information about events from Dot Property Group
. Contact us directly at:
[email protected]


China buyers to remain active

The current stock market turmoil in China will at best have no impact on Chinese buying international real estate, while many real estate agents dealing with Chinese buyers think that country’s stock market decline last month will actually see more Chinese buying overseas real estate.

In a survey carried out by Chinese overseas property website
juwai.com
 at the height of the turmoil last month, 75 percent of surveyed real estate agents said they thought there would either be no impact or an increase in the number of Chinese looking to buy property overseas.

More than half – 59 percent – said the world would likely see more Chinese property buyers, while just 14 percent said they felt the stock market plunge would result in less overseas property purchases from Chinese buyers.

The survey included agents around the world who work primarily with mainland Chinese buyers of international property. Of agents in mainland China, some 48 percent believed the impact would be more investment while only 4 percent felt it would mean less.

A flight to safety, or diversification in favor of stability and better returns, was the most common reason both sets of agents gave for the expected increase in international property investment.

Simon Henry, co-Founder of
Juwai.com
, told
Dot Property Group
: “Last year, China’s stock market began to look like a credible alternative to other investment categories, like property. Many investors now believe the stock market has lost its credibility as an alternative to real estate.

“With the domestic stock market so unpredictable, international real estate looks like a better investment.

“I wouldn’t call it capital flight so much as a search for quality.

“Many wealthy Chinese are self-made and have most of their assets tied up in their own company. For anyone in that position, it is prudent to diversify both internationally and into other types of assets like property.”


Breaking: Chinese real estate investors spend $100B on global property with Malaysia a popular choice

Chinese real estate investors continue to purchase international property in record amounts, spending an impressive USD 101.4 billion in 2016, according to a new report from Chinese property website Juwai.com. Traditional safe haven markets were the most popular, but Southeast Asia was the market that recorded the most growth. Malaysia was at the front of regional demand.

“2016 marks the first time in history Chinese real estate investors acquired more than US$100 billion worth of international real estate,”
 Sue Jong, chief of operations at Juwai.com, told the South China Morning Post
. “The 2016 total represented more than a quarter increase over 2015 and an 845 percent surge over five years.”

Despite the mainland government implementing capital controls designed to curb international real estate purchases, Juwai.com believes 2017 is primed to be another big year for outbound Chinese investment even if it may not reach the lofty heights of 2016.

“Current trends suggest that Chinese property investment this year will be on a par with the levels of 2015, at about US$80 billion. That would make 2017 one of the top two or three years in history,” Jong explained. “So while levels are lower than in 2016, they will still be extremely high by any standard.”

Understanding this trend, leading Malaysia property developer Mayland has already signed up to take part in the upcoming Dot Property Shanghai. Mayland’s exciting portfolio of projects includes Hampton Damansara and Dorsett Residences, two developments that were recognised at The Dot Property Malaysia Awards 2017.

The Dot Property Show Shanghai aims to connect investors with Southeast Asian real estate

Dot Expo, Southeast Asia’s leading real estate event organiser, is hosting The Dot Property Show Shanghai to provide Chinese investors the chance to see some of the best properties in Southeast Asia. Sodichan will also be in attendance leveraging its networks of agencies and active investors across China to ensure the buying process is a smooth one.

The Dot Property Shanghai show will take place 14-17 September inside Super Brand mall, Shanghai’s premier shopping destination. For more information about The Dot Property Show Shanghai contact
[email protected]
 or visit
www.dot-expo.com


Chinese real estate investors target Malaysia for value and second homes

Chinese real estate investors are snapping up more properties than ever before, according to a new survey from DBS. The focus for many of these buyers is now Malaysia, and Southeast Asia as a whole, after major cities, including Vancouver, Melbourne and Hong Kong, enacted stamp duties on foreign buyers.

This evidence is supported by data from Juwai, the No. 1 Chinese international real estate website. There has been a shift in buying preferences from Chinese real estate investors. While gateway cities are still popular, they are facing increasing competition from many countries in Southeast Asia.

“Southeast Asia has been gaining Chinese buyer market share faster than any other global region since early 2017,” Carrie Law, CEO and director of Juwai.com, stated. “In 2016, only three Southeast Asian countries made it into the top 15 for Chinese buyers, and none made it into the top five. Last year, five made it into the top 15. Thailand alone jumped from 6th place to 3rd, bypassing Canada.”

Thailand, Vietnam, Malaysia and the Philippines all recorded a significant uptick in Chinese real estate buying activity. Smaller countries like Cambodia recorded very rapid growth in Chinese property acquisition while even Singapore remained attractive. The
Belt and Road Initiative
, investment returns and lifestyle are some of the key factors mainland buyers consider.

“The biggest drivers are the lower prices in these countries and the fact that they seem to have government blessing as Belt and Road Initiative countries,” Law pointed out. “Capital controls are constraining the amount Chinese buyers can spend, so they have turned to lower priced countries and lower priced property even in high-cost countries like Australia.”

Interest in Malaysian property inched higher

Malaysia has always been popular among mainland real estate buyers. According to stats from Juwai, the country was the tenth most popular last year, up one place from 2016. There has been some murmuring that
the recent election results will see Chinese investors take their money elsewhere
, but most experts do not believe that will happen as long as MM2H is in place.

“Buyers motivated by pure investment may hold back to see how events play out,” Law told the South China Morning Post. “However, most buyers are end users purchasing to study in Malaysia, work here or retire here. They will continue to buy as long as visa and education policies remain favourable.”

Thailand benefits from EEC and tourism

Thailand’s Eastern Economic Corridor (EEC) project and rising tourist arrivals are expected to lead to even more Chinese second home buying. Data from Juawai found the “Land of Smiles’ to be the third most popular country among mainland investors for overseas real estate acquisitions.

Pattaya was the top location among Chinese buyers with Bangkok in second and Chiang Mai finishing third. Many of those enquiring about property in Thailand via Juwai had more than one motivating factor. This would explain why tourism properties such as condotels in resort destinations are being sold at record rates.

Vietnam soars in the eyes of Chinese investors

After years of being off international property investors’ radar, Vietnam suddenly found itself in the spotlight last year. The country ranked ninth in terms of popularity among Chinese buyers with both
condominiums in Ho Chi Minh
City
 and
luxury resort
properties
 proving to be a solid investment. A loosening of foreign ownership restrictions along with low property prices have contributed to Vietnam’s rapid rise as a real estate investment destination.

Investors gamble on the Philippines

The Philippines made an appearance in Juwai’s top 15 countries for buyer enquiries landing at 13th place. The success of mainland offshore gaming firms and BPO companies has
increased the confidence many Chinese real estate investors have in the country
.

However, that is not the only reason for the increase in Chinese activity. A thawing of relations between Manila and Beijing,
along with strong rental yields and home price growth
, has caused Chinese investors to take notice of the Philippines’ real estate market.

Dot Property can help you reach Chinese real estate investors

Do you want to showcase your development at China’s leading international property and immigration event and be seen by Chinese real estate investors? Dot Property can make it a reality.
Click here for more
details
 or
contact us today
!


Chinese top Aussie buyers

Chinese applications again ranked highest as the largest potential source of foreign investment in Australian property in 2014-15; whilst Victoria stretched ahead of New South Wales to attract the most investment applications in proposed residential property for development.

According to research from real estate firm Knight Frank, the Foreign Investment Review Board (FIRB) Annual Report for 2014-15 was published earlier this month, and according to the report, the FIRB approved a total of AUD$ 194.6 billion worth of proposed investments across all industry sectors that fall within the scope of Australia’s Foreign Investment Policy.

Residential (at 31.2 percent) and commercial (at 18.6 percent) property represented 49.8 percent of all proposed foreign investment in 2014-15. Growth was recorded at 30 percent over the year to reach a total of AUD$ 96.9 billion.

Continuing to drill down into the property sector, approvals for Chinese nationals to purchase Australian residential and commercial property tallied AUD$ 24.4 billion in 2014-15. This was up 97 percent, from AUD$ 12.4 billion in 2013-14. As shown, other active countries included the United States (at AUD$ 7.1 billion), Singapore (AUD$ 3.9 billion), Malaysia (AUD$ 3.4 billion) and the Republic of Korea (AUD$ 2.5 billion).

A large component of residential FIRB approvals in 2014-15 included proposed investment in property for development totalling AUD$ 49.3 billion. Estimating proposed investments include the aggregation of estimated acquisition costs, development costs and costs of both the establishment and development in the case of new businesses.

Non-residents of Australia are currently limited to purchasing new or off-the-plan (OTP) property with a fee payable on application to FIRB. Total investment in developer OTP property was AUD$ 28.7 billion in 2014-15, almost double the AUD$ 16.4 billion over the previous year.

Proposed investment in new residential property for individuals rose 86 percent to reach AUD$ 14.4 billion in Australia, which comprised 20,551 approvals in 2014-15. This was up significantly on 2012-13 when investment approvals were AUD$ 2.9 billion and 4,499 individual purchasers were approved.

As a comparison over the financial year of 2014-15, approvals for existing commercial property actually fell 10 percent to AUD$ 28.5 billion.

Changes to Legislation for Foreign Investors in Australia

From December 1, 2015, all foreign investors must pay a fee before their foreign investment application will be processed and stricter penalties have been ramped up by the Australian Taxation Office for those who breach the rules. For Victoria, including the capital city of Melbourne, this fee is in addition to the state-based 3 percent duty payable on the purchase price, and the annual absentee tax of 0.5 percent on the property value for foreign owners who leave their property vacant for extended periods throughout the year.

Image: Brisbane’s central business district.


How to choose the right property management company

Last week we explored what a property management company does (
click here to read the article
). This week we touch on how you should choose a property management company. Finding the right one may seem like a Herculean task, but it is not much different than finding any other service provider.

You’re going to need to be smart, think critically and ask questions. But with a little digging, you’ll find the firm that best matches your needs. However, if you’re not sure where to start, here are four tips to help you choose the right property management company.

1) Search online

The easiest way to find out if a property management company is any good is to search online. What do tenants say about renting from the company? The answer to this question can shine a lot of light on how a business operates. Unlike restaurants or hotels where reviews are based on tastes and preferences, property management is a little more black and white. If a company has more bad reviews than good ones online, be sure to take note of this and ask the company directly should you be thinking about hiring them.

2) Understand the full scope of their services

Different property management companies provide their clients with different services. Some may offer full bookkeeping while others may be able to deposit rent into international bank accounts. Understanding exactly what a property management company can offer you makes it much easier to compare them against their competitors.

3) Ask for and check references

This one is pretty simple. Ask the property management company if you can contact other property owners they work with and get their feedback. Obviously the company is likely to refer happy customers, but you may still get a better idea about possible pain points and other details you may not otherwise find out about.

4) Can they actually help you?

A property management company might say the right things, but this doesn’t mean they can deliver. Given how unique different market segments and locations can be, experience in each one is vital. If the company you’re considering doesn’t have experience handling similar properties, you can’t really be confident they will be able to take care of yours. This is especially true in the high-end segment where tenants will be expecting a certain level of care and attention.


How to choose the right interior designer

It will take time, patience and trust if you are going to choose the right interior designer. There are plenty of fish in the interior designer sea, but, much like dating, it can be hard to find that perfect match.

For starters, you never want to hire the first designer you interview. This is a common mistake a lot of first timers make. They get on well enough with the first person they speak to, don’t bother reaching out to any other designers and end up frustrated because the person they hired isn’t as good as advertised.

Don’t let this happen to you. We have put together a few tips to ensure you choose the right interior designer.

Tips to choose the right interior designer

Ask your friends

The internet is full of interior designer reviews, but do you want to base your decision solely on the opinion of strangers? If you have friends who have moved into a new home recently, why not ask if they worked with an interior designer? They can provide solid recommendations that will be the ideal starting place for your search.

Rigorous interview

If you’re going to choose the right interior designer, you need to ask them tough questions. Before the interview, be sure to obtain a copy of the designer’s portfolio and question them on why they did specific things. Additionally, detail how you envision the space and see what they say. Do they offer feedback on how it can be improved or do they simply agree with everything you say? These insights will allow you to understand their working process as well as how committed they are to the job.

Match game

You and the designer should have chemistry so that working together will be a breeze. Before hiring an interior designer you need to determine if you two are a good fit. Does the designer’s working style mesh with your expectations? Will they ask for your feedback before doing something or do they ignore you and proceed? Make sure the compatibility is there before hiring a designer.

Budget buddy

The best interior designers are not cheap, but good ones will find ways to maximize your budget. In order to choose the right interior designer, you need to present them with a budget and see how they plan to work with it. If they come back to you complaining that it isn’t enough, you may run into issues throughout the process. However, if they come up with a plan aimed at keeping costs within your price range you can feel confident that they really want what’s best.

Before you can choose the right interior designer, you need to select the right property.
Check out Dot Property Malaysia to find your ideal home
.


Comprehensive service and support allow Zupreme to be the best in Thailand

Zupreme has made a name for itself in only a few short years. The forward-thinking agency adopted a comprehensive approach that focuses on robust service and support for its clients. These efforts were recognized at the Dot Property Thailand Awards 2022 when it was honored as one of Thailand’s Best Real Estate Agencies.

The firm’s global view of property has allowed it to standout. For starters, Zupreme has agents that speak Thai, Mandarin, Cantonese and English which means it can serve a broader base of customers in the language they feel most comfortable with.

“One of the things that makes Zupreme a unique agency is our multilingual team. We partner with Thai clients, Hong Kong clients, Chinese clients and Taiwanese clients. Speaking their language allows us to solve their problems,” Caleb Tsang, COO at Zupreme Group, said.

This mindset isn’t simply limited to who Zupreme can help. The award-winning real estate agency has curated a portfolio of properties that extends well beyond Thailand. Its goal is to empower clients with the ability to choose what’s best for them.

“We sell property not only from Thailand, but also from London and Portugal. Having a wider portfolio allows us to present clients with the best properties,” Caleb added.

The desire of Zupreme to offer clients the best possible experience means it needed to provide services that extended beyond buying or selling a property. No matter if you are an end user or investor, the agency can help with anything you may need during the process.

“Zupreme is not just an agency. We are a one-stop service provider that supports buying and selling while also offering property management and interior design services. That means clients won’t have to deal with any hassles from the moment they start their search until they move in or it is let out,” Caleb stated.

Knowledge is another area where Zupreme excels. Having worked with property buyers from diverse backgrounds, it understands pain points and knows how those can be avoided. The agency is also constantly studying the market and shares this information with its clients.

“We are very close to the market and know what is happening. That allows us to assist clients in finding the best property while sorting out any potential issues they may have along the way,” Caleb noted.

Being named as one of Thailand’s Best Real Estate Agencies in 2022 is the latest milestone for Zupreme. However, it certainly won’t be the last honor for the firm as it already has plans to build upon this achievement.


Condotels make their way to Bangkok

Siamese Exclusive Ratchada will be operated as a condotel allowing investors to profit from short-term rentals

Condotels are hardly new in Thailand. These properties are popular for investors in the country’s tourist destinations. Phuket, Pattaya and Samui all have their fair share of condotels. But one developer is now bringing them to the Thai capital.

Siamese Asset
 revealed that it is going to develop residential developments with a hotel business licence in Bangkok as it looks for ways to entice overseas investors. The projects will meet the specifications and requirements needed to qualify under the Hotel Act, meaning units in these buildings can host short-term rentals.

This is important as the short-term rental market remains a grey area in Thailand. The legality of Airbnb continues to be called into question and some international investors have opted to stay on the sidelines. Siamese Asset Managing Director Kajonsit Singasansern told local media that overseas buyers want to invest in a condo unit that can be used for short-term rentals but are worried about doing so because of illegality.

Quick guide to condotels

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.

See more:

Phuket condotels can bring in 10 percent rental returns

Siamese Asset Bangkok condotels

Siamese Asset already has one condominium operating with a hotel licence. Blossom @ Fashion is located near the Fashion Island shopping complex and opened a few months previously. The developer held on to the 97 rooms and the project has served as a test run for the Bangkok condotel scheme. A townhouse development near the condo,
Siamese Blossom @ Fashion
, has since been launched under a traditional ownership model.

A pair of new condo projects,
The
Collection
 and
Siamese Exclusive Ratchada
, are the first condotel developments to be made available to investors. The projects are managed by China’s Greenland International Hotels who agreed to operate ten properties for Siamese Asset’s over a five-year period.


Global house price boom grows

Prices in many of the property markets around the world continued to surge during Q3, lead by most of Europe, North America, and some parts of the Asia-Pacific region.

According to the latest research from the
Global Propety Guide website
, the five strongest housing markets in its global survey were Qatar (+16.42 percent year-on-year), New Zealand (+14.86 percent), Hong Kong (+12.64 percent), and two European countries – Sweden (+11.26 percent) and Iceland (+9.24 percent).

The biggest year-on-year house-price declines were in UAE (-14.1 percent), Russia (-13.38 percent) and Egypt (-12.48 percent).

During the year ending Q3 2015 house prices rose in 28 of the 41 world’s housing markets which have so far published housing statistics, using inflation-adjusted figures. The more upbeat nominal figures, more familiar to the public, showed house price rises in 30 countries and declines in 11 countries.

During Q3, 22 housing markets showed stronger upward momentum while 19 housing markets showed weaker momentum. Momentum is a measure of the ‘change in the change’; simply put, momentum has increased if a property market has risen faster this year than last (or fallen less).

Most of Asia saw strong house price rises. House prices rose during the year to Q3 2015 in six out of ten Asian housing markets for which figures are available, and seven showed an improved performance on the previous year.

Hong Kong
 had the highest housing price rises in Asia and was the third strongest housing market in the global survey, with residential property prices surging by 12.64 percent during the year to Q3 2015, a sharp improvement from the 1.76 percent year-on-year increase during the previous year. Housing prices rose by 1.12 percent quarter-on-quarter during the latest quarter.

Japan
‘s house price rises continued to be spectacular with the average price of existing condominiums in Tokyo rising by 8.97 percent during the year to Q3, up from the meagre growth of 0.39 percent during the previous year. Residential property prices rose by 1.98 percent quarter-on-quarter during Q3 2015.

The Philippines
’ housing market also remained strong. The average price of a three-bedroom condominium units in Makati CBD rose by 5.41 percent during the year to Q3 2015 compared with 3.58 percent during the year to Q3 2014. Housing prices increased 1.27 percent quarter-on-quarter during the latest quarter.

China
‘s housing market made a strong comeback with the price index of second-hand houses in Shanghai rising by 5.07 percent during the year to Q3 2015 in contrast to a year-on-year decline of 0.45 percent the previous year. During the latest quarter house prices in Shanghai rose by 2.21 percent.

The
Global Property Guide
 reported that
Thailand
’s housing prices rose by 3.4 percent during the year to Q3 2015, a slight improvement from the annual growth of 2.15 percent during the previous year. House prices increased 3.15 percent during the latest quarter. Here it is worth noting that the Global Property Guide takes its data for the entire Thailand market from the Bank of Thailand’s data for single detached houses, and single detached houses with land.

South Korea
‘s nationwide housing purchase price index rose by 3.4 percent during the year to Q3 2015, amidst low interest rates and relaxed mortgage lending rules, an improvement from the annual rise of 2.15 percent during the year to Q3 2014 and the biggest year-on-year rise in the past seven years. House prices increased by 0.72 percent quarter-on-quarter during the latest quarter.

That said, half of Asia continued to lose steam. House prices fell in four of the ten Asian markets for which figures were available in Q3 2015.

Singapore
‘s housing market continues to struggle with house prices falling by 3.62 percent during the year to Q3 2015, its eighth consecutive quarter of house price falls. House prices fell by 1.06 percent quarter-on-quarter during the latest quarter.

Taiwan
‘s nationwide house prices dropped 2.95 percent during the year to Q3 2015, the second consecutive quarter of year-on-year price falls since Q2 2009, due to the government’s recent housing market cooling measures. This was in sharp contrast with the increase of 3.42 percent year-on-year to Q3 2014. House prices dropped 2.4 percent during Q3 2015.

Indonesia
’s housing market remained weak with residential prices in the country’s 14 largest cities falling by 1.49 percent during the year to Q3 2015, the third consecutive quarter of year-on-year price falls since Q3 2012 and in contrast with the annual rise of 2.77 percent a year earlier. House prices fell by 0.67 percent during the latest quarter.

Vietnam
‘s housing market has been stabilising with house prices falling by just 0.06 percent year-on-year to Q3 2015. House prices were unchanged during the latest quarter.


Copy of Longer leases: Good or bad?

Real estate firm Colliers International (Thailand) has published an
 insightful report
 looking at the topical yet controversial issue of 99-year property leases in the Kingdom.

The report looks at both sides of the argument, listing the pros and cons on each side of the debate.

In its conclusion, Colliers said it believes that 99-year leases would, overall, be a good thing for Thailand and should be supported.

“Given the problems experienced implementing the Leasehold Act, the logical and simplest way to reform the leasehold system would be to amend the terms of the Civil & Commercial Code from stipulating a maximum term of 30-years to a maximum term of 99-years.”

It added that in order to make sure the amendment is used for its intended purpose of encouraging urban property development, rather than allowing massive land grabs, it may be necessary to maintain the restriction of 30 years on agricultural or rural land while allowing 99-years on urban and resort properties.

Dot Property Group
 believes this is one of the most informative documents on the topic and anyone with an interest in property and real estate in Thailand should
download the research document
.


More crowdfunders for CoAssets

Strong growth, especially in Malaysia and Indonesia, has seen the Singapore-born Australian Stock Exchange real estate crowdfunding platform CoAssets exceed 30,000 registered users.

During last month alone the company boosted its user base by more than 30 percent.

In a statement, the company said users are attracted to the company by the strong financial returns, reliability and ease-of-use of its platform, as well as the ability to gain investment exposure to property developments throughout Southeast Asia.

Getty Goh, Chief Executive Officer of CoAssets, said: “We are delighted to have reached 30,000 users, and this milestone demonstrates the reliability of our platform, and real proof of the property crowdfunding concept.

CoAssets was founded in May 2013 with a 100 percent Singapore database. Today the user base is more diversified with 67 percent located in Singapore, 16 percent in Malaysia, 10 percent in Indonesia and 7 percent in other countries including Thailand, the Philippines, China and Australia.


THB50m price for MahaSamutr

Pace Development has revealed that villa prices at its MahaSamutr development in Hua Hin, Thailand, (pictured) will start from THB 50 million.

The developer of the MahaNakhon high-end mixed-use development, unveiled its MahaSamutr Villas Hua Hin, a resort that will offers a blend of luxury and relaxation, featuring scenic view of MahaSamutr Lagoon.

Villa owners will enjoy lifetime memberships and services at MahaSamutr Country Club, and the first phase of villas will be ready to move in during the fourth quarter of this year.

Sorapoj Techakraisri, Chief Executive Officer of Pace Development Corporation said there has been a big growth in real estate development in Hua Hin as it is a popular resort destination with a close proximity to Bangkok.

“MahaSamutr” consists of the MahaSamutr Villa project, a cluster of 80 exclusive luxurious villas, and the MahaSamutr Country Club , the first and only private members-only club in Hua Hin which

was unveiled in 2015.

“We want to give Hua Hin a different experience, thus we develop a world-class standard country club complete with Asia’s largest man-made turquoise Crystal Lagoon, and private luxury resort villas all in a single location. The villa owners will enjoy the experience and true meaning of relaxation thanks to these three components.”

Each villa will have four-bedrooms, five-bathrooms and a maid’s room, complete with parking for three cars. Currently sales of MahaSamutr villas stand at 40 percent.

In addition to the MahaSamutr development, Pace currently has two residential properties under construction, namely The Ritz-Carlton Residences, Bangkok at MahaNakhon and Nimit Langsuan. Total sales worth a combined value of approximately THB 22 billion can be recognised over the next three years (2016-2018), beginning this year, is said.

The company has backlog worth a total of THB 14 billion. The company recently announced a new residential development on Naradhiwas-Rajanakarin Road, while an investment plan in Niseko, a famous ski resort town in Hokkaido in Japan, is also under consideration.


Costly offices? Top city named

One Asian city has come out on top of a new ranking of global premium office rental space costs, published today by real estate firm JLL. Can you guess which one?

Hong Kong has been named as the world’s costliest office space location, beating London to the top spot in the first edition of the company’s Global Premium Office Rent Tracker.

Renting a top quality office in Hong Kong will set you back an average of US$262 per sq ft per year as strong tenant demand and shortages of premium grade space push prices up. This compares with London, where rents in the best buildings average US$ 240 per sq ft per year. Beijing, which is rapidly extending its global business networks, ranked third at US$ 199 per sq ft per year.

In New York, top rents average US$ 171 as the technology and media sectors increasingly drive demand. Shanghai ranks fifth globally at US$ 136, supported by the growth of domestic companies.

“Our research reveals that three of the top five cities with the costliest office rents are in Asia and half of the top 10 are Asian cities,” said Chris Archibold, Head of Markets at JLL Singapore.

“A large part of the global growth is now driven out of Asia and international businesses will continue to be keen to set up their presence in the region; some of these markets have a shortage of supply driving rents northwards. In order to remain competitive from a real estate perspective, these cities will need to ensure a supply of appropriately priced, flexible commercial space.”

Singapore, Sydney Offer Cost Advantage

Established world cities such as Singapore (ranked 11th), where new supply is helping affordability, have comparatively lower occupancy costs. In Asia-Pacific, Sydney (ranked 20th) with average rents of US$60 per sq ft per year, also offers significant cost advantages. Other Asia-Pacific cities included in the top 10 global rankings were Tokyo and Delhi.

“We are in a new era of city competition, where cities are fighting to secure the world’s most dynamic corporations, attract the best talent and pull in capital, both of which are highly mobile,” said Megan Walters, Head of Capital Markets Research in Asia Pacific.

“Nowhere is this intense competition between cities better epitomised than in the demand for premium office buildings in the world’s most prestigious commercial office districts.”

About the JLL Global Premium Office Rent Tracker

In this first edition, the report’s focus is on office occupation costs across 24 cities of differing function and evolution, ranging from established world cities (such as New York, London and Tokyo) through to emerging world cities (like Shanghai, Moscow and Mumbai) and new world cities (as typified by San Francisco, Boston and Toronto). The Tracker includes the key elements of occupancy costs – net effective rent, service charges and property tax – all standardised to enable international comparisons.


Cover Story: Award winning villas with rentals and concierge provided by IVL Property, experts on Koh Samui

This story appeared on the cover of Dot Property Magazine.
Click here to see it in the magazine
.

Koh Samui based IVL Property,
winner of Best Real Estate Agencies Southeast Asia 2018 at the Dot Property Southeast Asia Awards 2018
, is proud to be involved in the development and operations of the stunning villas at The Ridge, now completed and available for long weekends away from the city.

The Ridge
, winner of Best Residential Development – Koh Samui, is a collection of ten stylish pool villas with an outstanding design that offers a seamless indoor and outdoor experience. This allows each residence to take advantage of the breeze, natural light and magnificent views.

Each villa, ranging from three to five bedrooms, is wonderfully furnished, fabulously decorated and well equipped to make your Koh Samui holidays memorable. All bedrooms have ensuite bathrooms with rain showers while some are also fitted with baths that provide a view. All bedrooms feature private, furnished balconies.

The open concept living and dining rooms are separated from the kitchen by a convenient breakfast island and open onto furnished poolside terraces. The villas are wired for sound, have home entertainment systems and dedicated high speed WiFi.

Hotel like services in the privacy of your own villa at The Ridge

The Ridge represents a new way of vacationing; mixing the privacy of a chic pool villa with all the amenities of a hotel. Enjoy a fresh, chef prepared breakfast and allow our villa staff to take care of housekeeping while you lounge by the pool.

IVL concierge services are offered at the time of booking with guests regularly choosing to pre-stock their villa with food and drinks. What’s more, most guests take advantage of the massage upon arrival service to get into holiday mode. Upon check in, our staff explains the features of the villa and connects you to our new concierge smartphone app that allows guests to browse and select options in their own language to make the most out of their Koh Samui holidays. Maps, menus, in villa services, drivers, attractions and boat tours can all be booked from the smartphone app, which also connects guests directly to the international team at IVL, experts on Koh Samui. Local support in English, Chinese, French, Japanese, Russian and Thai is available.

The Ridge Phase 2 to commence in early 2019

The Ridge Phase 2 will see the entire award winning development optimised with the addition of a full reception area with an office plus communal areas for guests and owners and a gym with multipurpose space that can be used for yoga, stretching or as a kids playroom.

The addition of a back of house area with chef-staffed kitchen for daily breakfasts and other meals on request and facilities for live-in staff allows for a richer customer experience.

The Ridge is located in Plai Laem, just minutes away from the IVL Property office. It’s easy to schedule a villa walk through while you are on the island as we have completed and off-plan villas for sale.

Oasis Samui

In the mellow area of the island, south of Lamai, we have
Oasis Samui
, also winner of winner of
Best Development – Koh Samui
. This collection of stunning pool villas fringed with palm trees sits on a gentle hill and boasts a sea view. The Oasis Samui three-bedroom villa showroom has been furnished and decorated by our IVL Property design partners at Orchid House Design and is only THB19.38 million. Phase 1 is 70 percent sold out with several models completed. Additionally, Phase 2 villas are available for sale off-plan with four-bedroom villas available for THB33.88 million.

Villas at Oasis Samui feature super-high ceilings with full window frontage allowing for plenty of natural light plus impressive views and will be available for rental through IVL Property, with full concierge services starting in 2019.

Contact the
IVL
Property
 office to book a walk through at The Ridge or Oasis Samui and find the ideal villa for your investment, holidays and retirement.

Photo credits to our marketing partner Barefoot Luxury Villas Samui and Koh Samui-based photographer Leslie Fisher.


Cover Story: Phuket’s best residential and investment villa

This story on Anchan Hills appeared on the cover of Dot Property Magazine.
Click here to read this issue
!

“When people think of Phuket, they definitely think about a relaxing vacation and basking in the joy of the island’s sunny days. A place where they can enjoy activities on white sandy beaches, celebrate their events, share fantastic moments and cap ofF these wonderful times with dinner as the sun sets. Our inspiration with Anchan Hills is to create homes that fulfil this happiness and allow residents to live life as if every day was a holiday.”

– Preechapol Sae-Tiw, Founder of Anchan Hills

The location of Anchan Hills allows those staying here to enjoy the best life has to offer. The development is close to the neighbourhood of Laguna Village, one of the island’s most desirable residential areas.

Modern shops and stores are nearby, providing convenience while the development itself is secluded allowing for peace and tranquillity. Additionally, the pristine Bang Tao Beach is a short-drive away where residents can enjoy the beautiful blue waters of the sea.

“Anchan Hills is very close to the Bang Tao Beach area which has one of the most well-known white sand beaches in all of Phuket. The beach is five-kilometres long and faces out to the west coast with the national park at Layan towards the north end. The area itself has a number of famous restaurants, clubs, bars, shops, golf courses and spas, all of which can easily be accessed from Anchan Hills,” Preechapol Sae-Tiw, Anchan Hills Founder, explains.

Only the best

When Anchan Hills claims to be the best, the project has the credentials to back it up. It was named Best Luxury Villa Development at the Dot Property Southeast Asia Awards 2018 in addition to being honoured with several other awards. Developer Pearl Island Properties has left no stone unturned in search of crafting the absolute best villas.

“We use materials that are in the upper range of quality while also utilising luxurious architecture and interior design details. Our goal is to ensure that every villa meets the requirements of even the most discerning buyer or investor,” Preechapol says. “Those buying an Anchan property can be rest assured knowing they will receive the most flexible and secure investment property.”

The natural materials, quality fittings and Balinese-style architecture creates a striking appearance that embraces the island’s tropical charm. This is evident in the harmony found between the internal and external spaces of each villa. It’s the design language that allows Anchan Hills to capture the Phuket holiday lifestyle experience.

“Two of the main features of the villas are the special wooden roof design and the green slate walls. These elements create a natural appearance for all residences that provides a relaxing ambiance,” Preechapol details.

Anchan Hills villa features

Built-in “Absolute Kitchens”

Aluminium doors and Sun-Paradise windows

Porcelain floor tiles imported from Italy

 Green Slate stone walls imported from Spain

Balinese Stone swimming pool tiles

 Travertine Marble bathroom tiles

No better investment

The location and luxurious villas means Anchan Hills is an exciting investment opportunity. The developer offers a guaranteed rental income of six percent of the final selling price of the property annually for five calendar years. The generous returns are far more than what you would find when buying property in places like London or Singapore.

But this is only half the story. As part of the rental programme, owners can stay at Anchan Hills for up to 30 nights each year. This option is ideal for those who want a luxurious residence in Phuket that is sure to bring in passive income. The development uses a point system for owners that works as follows:

Peak Period:
20 December – 28 February (1-night = 3 points)

High Period:
1 – 19 December, 1 March – 30 April, 15 July – 15 August (1-night = 2 points)

Normal Period:
1 May – 14 July, 16 August – 30 November (1-night = 1 point)

Owners who purchase the furniture and rental accessory package are eligible to join the rental programme. Preechapol notes that the package is well designed and every last item has been hand picked by the company’s professional design team.

And regardless of if you’re staying at the villa or it has been rented out, the experienced aftersales service team is always on hand to ensure your property is being looked after.

“As a proud property developer, we are passionate in helping our homeowners keep their villas well maintained at all times. Our experienced Villa Services Team is here to provide housekeeping, pool cleaning and gardening service during your stay and while you are away,” Preechapol says. “We are also happy to go the extra mile to make sure each homeowner and guest experiences the most relaxing and unforgettable stay possible.”

An easy process

The buying process is very easy regardless of if you’re an overseas investor or local resident.
Pearl Island Properties
 has helped countless clients over the years and Preechapol points out that the high number of repeat buyers at Anchan projects highlights the company’s commitment to service.

For overseas buyers, it is recommended they choose the leasehold option, which will allow them to hold the property for up to 90 years.

“Owning the villa in your name and registering for a 30-year land lease is the most convenient option for a foreigner holding a non-condominium property in Thailand. The lease can be extended twice for a total of 60 years with the length of the lease extending to 90 years altogether,” Preechapol states. “Our lawyer is willing to advise you on all details of the legal process to ensure a smooth transaction.”

Anchan Hills is just one of a number of developments Pearl Island Properties has worked since being founded more than a decade ago. The company’s
Anchan
Villas
 project has been well received by clients since launching.

“In terms of luxury residential real estate, our company has been recognised as one of the best developers in Phuket. With each and every phase, all of the villas we have created have been improved in both detail and quality,” Preechapol details. “With more than 10 years’ experience, we continue to present amazing accommodations for investors and end users who want to take part in the holiday lifestyle Phuket offers.”

Everything the company does is guided by one simple principle that Preechapol explains: “We build homes for our customers as if they were our own. We attach great importance to customer satisfaction so they can take pride in owning an Anchan property.”

For more information, please visit:

www.anchanvillas.com


Cover Story: Skill, knowledge and passion helped Bridge Estate become one of Thailand’s Best Real Estate Agencies

Bridge Estate Managing Director Khun Pitchakorn Meesak and her team have led the agency to great success

This article on Bridge Estate was the cover story in the latest issue of Dot Property Magazine. You can download the latest issue
right here
 or
learn more about it here
.

Bridge Estate may not be the oldest real estate agency in Thailand, but the firm has quickly made a name for itself. Today, it is one of the most trusted companies in the real estate industry with the firm’s hard work recently recognized at the Dot Property Thailand Awards 2020.

You can tell a lot about the character of a company from the name it selects. This is no different for Bridge Estate with its name serving as a constant reminder of the agency’s mission. The company strives to bridge the gap in the real estate industry by building relationships, connecting people and delivering an unprecedented level of service throughout the entire transaction and thereafter.

In order to accomplish these ambitious goals, the agency needed an approach that wasn’t being offered in Thailand.

“Our relentless passion and personal commitment are what distinguishes us from others. Our mission is to offer each and every client a worry-free experience by providing the fully integrated service in real estate, sell or purchase transaction and tenancy management,” Khun Pitchakorn Meesak (Jarn), Bridge Estate Managing Director, tells Dot Property.

Bridge Estate was established in 2019 but the team boasts more than 15 years of experience in the property sector. It utilizes this experience and knowledge to offer a full range of real estate services.

“We are a team of highly-experienced professionals with skills and passion. Our expertise is in providing efficient sales and marketing strategies. We are dedicated to providing comprehensive solutions for both local and international homeowners, investors and tenants,” Khun Jarn says.

From inquiry to aftersales service, Bridge Estate is truly bridging the gap for international clients, helping them navigate the Thai market. The company has developed several programs that allow it to efficiently carry out its goals. These include Bridge More, a property care management program that streamlines the post-transaction experience.

“The Bridge More service is for both leisure and business clients in Thailand. Our service can be tailored upon clients’ needs and requirements, covering all aftersales services from transfer of ownership to leasing and resales,” Khun Jarn details. “In essence, we enable you to do more with your time by providing comprehensive, hassle-free property care that includes a furniture and interior decoration service along with management solutions.”

This is something that is extremely important for overseas property buyers, a group Bridge Estate has a lot of experience working with. In fact, one reason Khun Jarn launched Bridge Estate was in order to help facilitate cross-border real estate transactions.

“Bridge Estate was founded to respond to the growing demand of cross-border real estate transactions throughout Thailand, across both inbound and outbound investment channels,” Khun Jarn explains. “Managed by a team of established industry professionals from both the developer and agency sides, we strive to create high success levels for our clientele based on our decades of execution experience in local and international markets.”

Client success is something valued very highly by the entire team at Bridge Estate. The agency is committed to making the process as smooth as possible for both investors and end users.

“We strive to reach high levels of success for our clients, based on our decades of execution experiences in local and international markets. We can generate revenue from property investment while guaranteeing the best condition of the property is maintained. Investors can enjoy the full benefits of a hassle-free investment,” Khun Jarn notes. “The result is delivering “best of the best” service and the highest possible success rate for all our clients.”

A milestone achievement

Thai developer SC Asset selected Bridge Estate to be the sole agent of 28 Chidlom

One of the biggest milestones for any real estate agency is becoming the sole agent for a marquee development. Usually sole agent partnerships are reserved for brand name consultancies. However, leading Thai developer SC Asset selected Bridge Estate to be the sole agent of 28 Chidlom, an iconic luxury freehold condominium in the heart of Bangkok.

For a developer the size of SC Asset to trust Bridge Estate is truly a sign that the agency is among Thailand’s elite. And for Bridge Estate, being the sole agent of 28 Chidlom allows them to exclusively offer clients residences in a landmark Bangkok development.

“What impresses me the most about 28 Chidlom is that it manifests SC Asset’s top standard of excellence to offer high-class living facilities. It is the destination for a perfect home and ideal for long-term lease because it offers the best. The best location in Bangkok, the best amenities, the best living experience and the best possible investment,” Khun Jarn says.

The project is built on one of the last land plots in the Chit Lom area which means property values will increase over time if history is any indication. In 2006, Central Group acquired part of the British Embassy on the nearby Phloen Chit Road for THB900,000 per square wah. More than a decade later the Thai retail giant acquired the remainder of the land for THB2 million per square wah.

Citing the 110 percent land price increase at a site less than 500 meters away, Khun Jarn believes 28 Chidlom will see outstanding rental returns and capital gains. It may also be the last opportunities for the public to own a freehold residence in Chit Lom which will support price growth further. However, the luxury condominium has a lot more going on beside its outstanding location.

“28 Chidlom has been designed to be one of the Chit Lom area’s most iconic landmarks. It has a rare, ‘Jewel box’ façade design that makes it stand out from other nearby projects. There are also world-class facilities along with 5-star concierge services that will delight those living here,” Khun Jarn points out.

28 Chidlom features an Urban Oasis concept

And while the project is iconic from the outside, the interior design is just as appealing. It starts with the “Urban Oasis” concept that sees the majority of the ground floor area dedicated to green spaces. This greenery has been crafted so it connects to the interiors and can be experienced from everywhere.

The loft-style design of units at 28 Chidlom means all residences have a ceiling height of at least three meters. Additionally, all units were meticulously designed to ensure optimal space usage. Each one comes fully fitted with premium materials that help combine function and design.

Residences also come with full-height windows that allow natural sunlight to shine through while providing breathtaking views of Bangkok. The latest in window technology has been used to ensure residents are insulated against heat and noise. All of the features have been incorporated into every last unit to guarantee those living here will always have the best in privacy and comfort.

Becoming the best

Khun Pitchakorn Meesak at the Dot Property Thailand Awards 2020

For Bridge Estate,
being named as one of Thailand’s Best Real Estate Agencies at the Dot Property Awards Thailand 2020
 was another sign the company is moving in the right direction.

“We are proud to be awarded as Thailand’s Best Real Estate Agencies at the Dot Property Awards Thailand 2020. In fact, this is the second consecutive year we have won the award,” Khun Jarn notes.

Of course, Bridge Estate has no plans to rest on its previous accomplishments despite an award-winning pedigree. The firm is already looking to build upon this success in order to offer its clients the absolute best moving forward.

“At Bridge Estate, we aim to provide the best living solutions for clients whether they’re searching for a dream home or need fully managed investment for their properties. Our goal is not to be just another hit-and-run agency, but to be one of the most trusted agencies for clients and developers in the long term,” Khun Jarn proclaims.

For more information about Bridge Estate:

www.bridgethailand.com

Tel. +66 (0)99 419 6364

Email.
[email protected]


Cover Story: The inspiration behind Pattaya’s residential masterpiece

Pattaya’s residential masterpiece, AROM Wongamat, appears on the cover of Dot Property Magazine.
Click here to read it
!

Pattaya is changing. It has become a destination for Bangkokians who want to leave the urban life behind on weekends or holidays. The city is also bringing in a wave of entrepreneurs and employees looking for upscale residences that provide style, comfort and convenience.

Colours Development is out in front of this change. Through the firm’s ‘Living Beyond Possibility’ concept, it looks to create projects that set new standards for real estate along Thailand’s Eastern Seaboard. This decision was based not only on what Pattaya is becoming, but also what the city will be in the future.

“The Easter Economic Corridor (EEC) is transforming Pattaya into a Smart City and a place that is attractive for businesses to expand into. This has created demand from a different type of homebuyer,” Khun Park Thannaakkarachol, Colours Development CEO & Founder, explains. “The area will continue to be popular with tourists as well. Several initiatives, such as the Jomtien Beach Sand Reclamation Project, are ensuring this is a place everyone wants to visit.”

From a residential real estate perspective, COVID-19 sped up changes in demand, especially as it relates to condominiums. Research from Dot Property Group found that enquiries made through the network’s websites rose for units priced at THB10 million and above during the pandemic. Meanwhile, there was a noticeable decline in demand for condominiums with an asking price below THB5 million.

To put this in other terms, property buyers in Pattaya are now after luxury condominiums that offer a quality living experience. There is an emphasis on more space, better amenities and greater convenience.

Delivering that is what drives Colours Development in its quest to empower residents to live beyond what is possible. This led to the launch of AROM Wongamat, a stunning high-rise condominium that stands out as a residential masterpiece.

Read More:

A brief guide to Pattaya condo investment in 2022

A residential masterpiece rises

Every unit at AROM Wongamat offers a full sea view

AROM Wongamat sits on top of what has been called the last piece of land on Wong Amat Beach. For Colours Development, there was a responsibility to launch a project befitting of this rare plot.

“There is nothing to block the land AROM Wongamat sits on. This is quite hard to find,” Khun Park stated. “Our team realized the uniqueness of the land and wanted to create residences that would be seen as a legacy holding for the person who owns it. To accomplish this, we selected Thailand’s best designer who fully understood what the land represented.”

Situated along the beach and next to several of Pattaya’s iconic destinations, including Surf & Turf Beach Club & Restaurant and Pullman Pattaya Hotel, AROM Wongamat will undoubtably be among the city’s most prestigious addresses once completed in 2024.

What’s more, this is a location where supply outstrips demand. According to data from Colliers International Thailand, Wong Amat Beach has the second highest property sales rate in Pattaya. But with no land for future projects, opportunities to own a residence here will most likely be limited moving forward.

Location alone is not enough to build a masterpiece, however. Design plays a vital role as well. There are a number of outstanding elements found throughout AROM Wongamat, but let’s start with the most notable one. All residences boast direct sea views. This is extremely rare for a beachfront development in
Pattaya
.

These beautiful vistas have been accentuated through thoughtfully curated living spaces which merge artistry and functionality. Furniture and fixtures using low toxicity fabrics and materials that have been recycled or harvested sustainably were selected. All of this has been tied together with creativity and fine craftsmanship to ensure a wonderful home.

This beauty extends to the project’s exterior where glass terraces reach out from the tower to create texture and light while curved details reflect the motion of waves and the wind. The 55-storey building is remarkable in every sense of the world.

Enjoy direct beach access

AROM Wongamat also boasts a long list of impressive amenities. From direct beach access that is only steps outside the lobby to rooftop facilities offering gorgeous panoramic views, convenience and fun can be found just around corner.

Ultimately, there is real substance behind the unmatched style of AROM Wongamat. This is something Colours Development focused on. The homebuilder wanted the condominium to be more than a nice place. Its goal was to craft an unrivaled living experience that went beyond anything available in Pattaya.

“Luxury doesn’t always mean the most expensive. It is about having good tastes when it comes to lifestyle choices,” Khun Park notes. “Besides designing the project to guarantee residents get the most out of beachfront living, including providing direct sea views in all units, we also wanted to ensure a quality lifestyle through concierge services.”

Colours Development’s work on AROM Wongamat was rewarded at the Dot Property Thailand Awards 2021 when the project was named Best Luxury Condominium Eastern Seaboard.

“Winning the Best Luxury Condominium Eastern Seaboard award was vindication of the driving force behind the project development team. Our mindset is dare to think. We are committed to developing projects that reach new standards of real estate on the Eastern Seaboard and this award symbolizes our journey down that path,” Khun Park explained. “It is also inspiring us to create new works that will be released this year.”

See available units in the condominium

The next collection

AROM Wongamat is the first project in the AROM Collection, the signature series from Colours Development. The firm sees this as a chance to expand upon its ‘Living Beyond Possibility’ concept while responding to real demand.

“The AROM COLLECTION maintains the best project development concept for homebuyers wanting a luxury residence. This is a segment where demand remains strong,” Khun Chalermphon Khoncham, Colours Development CEO & Founder, says. “Based on the number of customers who visited AROM Wongamat and the project’s sales, these are the types of homes people are looking for in Pattaya.”

One of the most exciting upcoming launches under the AROM Collection is AROM Jomtien. The condominium is being tailored to suit different lifestyles while offering all residents the absolute best.

“For AROM Jomtien, we are partnering with top-notch designers who are looking to create a low-density space where residents can enjoy the beauty of the surroundings,” Khun Park explains. “Privacy is something that is important as well. Additionally, every unit will have direct sea views much like AROM Wongamat. We are planning to announce more details soon, but this will be a very worthwhile investment.”

AROM Jomtien is located at the heart of Jomtien Beach, a vibrant place known for its beautiful sunsets. It’s also undergoing a huge restoration effort that is adding 680,000 cubic meters of sand to combat the effects of costal erosion and make it a usable area for future generations.

Related:

Exports surge led to stronger Eastern Seaboard residential demand last year

The creator of AROM Wongamat

Colours Development celebrates at the Dot Property Thailand Awards 2021

The ambitious aims of Colours Development are a product of its background. The firm was born in 2020 through the merger of three major real estate companies with each one boasting unique perspectives and areas of expertise.

Apus Development Group, The Urban Property and Sirisa Group have a combined 30 years of experience and have completed more than 60 projects. But by joining forces, the trio realized they could create a new future for living across the Eastern Seaboard and Thailand as a whole.

“Colours Development sets the bar high, not just in terms of our own rigorous standards, but also when it comes to our key partnerships. We actively seek partners with peerless reputations in their fields,” Khun Park details. “We are excited to build upon the success of AROM Wongamat and the AROM Collection will allow us to further elevate the standard of property in Pattaya and beyond.”


COVID-19 will change our views on air conditioning, but the solution is already here

The cooling system installed at Suvarnabhumi Airport in Bangkok may contain the answer to cooling challenges

It’s easy to forget about air conditioning. A/C units are found just about everywhere in Southeast Asia. No one ever notices them until there is a problem. However, COVID-19 is changing the way we think about our entire routine and this includes air conditioning.

Derek Williamson, a Vice President at one of Asia Pacific’s largest cement manufacturers, noted that air conditioning is ubiquitous, although the public doesn’t realize the true impact it can have beyond the fact A/C units make the places we inhabit more comfortable.

“When you look around, you will find all types of A/C units. No matter the size, cooling system or price, all of them have one thing in common – directional air flow! Air blows from air conditioning in homes, schools, movie theaters, malls and anywhere else with an A/C unit,” Williamson explained. “All those public places are closed in most countries right now, but as we prepare to reopen, we should think about the role air conditioning plays when it comes to preventing the spread of viruses.”

As Williamson pointed out, A/C units are found everywhere. There are large units found high above us in the 15-meter ceilings of shopping malls. The standard 3.5-meter ceiling condo unit that can be found just about everywhere in the region has a much smaller A/C system in place. There may be a large discrepancy when it comes to cooling power, but they both work on a similar principle. That is blowing cold air around the available space to bring the average temperature down to the level where most of us are comfortable.

“Before COVID-19, no one thought much about all that air blowing around in a public place. But imagine you have an infected person in the room with hundreds of liters of airflow per minute moving in a rather random manner throughout the space. I think you can see what I am getting at here,” Williamson said.

See more:

What impact will COVID-19 have on property investment?

Air conditioning alternatives in a post COVID-19 world

We are all familiar with social distancing by now. As we’ve seen in recent months, it is a very effective tool in preventing a disease from spreading. But it’s not nearly as powerful if you turn on those A/C units and start blowing air all around. There is an alternative, but according to Williamson, the solution isn’t partially filtering virus-infected air while blowing a massive volume of clean air around a venue.

“The alternatives already exist and have been around for a long time. In fact, they can already be found inside
Thailand’s famous Suvarnabhumi Airport in Bangkok
. The temperature inside the terminal isn’t moderated by massive A/C units blowing air around, but by coldness coming out of the facility’s concrete floor and concrete ceiling,” Williamson detailed. “This creates a radiation effect similar to being in a refrigerator.”

He continues, “Of course, you’re probably wondering how exactly this works. In a nutshell, chilled water runs through pipes inside the concrete which has excellent heat absorption properties that allow it to store and subsequently radiate low temperatures into the building. This reduces the need for large fans blowing cold air around a building, lessening the risk that viruses travel away from the infected person.”

For many buildings owner or developers launching new projects, this cooling technique presents a unique alternative to traditional air conditioning. It does require investment as you’ll first need to review designs and then purchase and install the pipes. However, Williamson believes the upside far outweighs the initial costs.

“COVID-19 has made people more aware of airborne diseases and how they are spread. People won’t want to congregate in buildings where they are more at risk. This is a real, proven alternative to traditional air conditioning. I have been involved with a couple projects in Southeast Asia and a significant number of future buildings are already adopting the technology,” Williamson pointed out. “In the meantime, let’s look forward to a nice and simple dinner with real chairs and tables in our favorite restaurant. But for all of our sakes, let’s hope they turn the A/C off!”


Create the ultimate hotel-inspired bathroom in your home

The bathroom has become an ever more important space for relaxation and rejuvenation, away from distractions and disturbances that life can bring. Once seen as a utilitarian space, homeowners are now placing more emphasis on the bathroom. Many aim to create an enjoyable private space which resembles the stylish facilities found in 5-star hotels.

Hansgrohe Singapore’s brands
AXOR
 and
hansgrohe
, have fitted countless high-end hotels throughout Asia. The award-winning company shares some tips for homeowners with us that will allow them to bring the same sophistication to their own hotel-inspired bathroom.

Colours

Like the bedroom, the bathroom is a space characterised by one’s individual taste, and reflects the personality of the occupants. While standard colours like white have dominated interior design for years, they have become insufficient to meet the changing needs of homeowners, who are seeking to individualise their bathroom through different ways.

In order to create a luxurious hotel-inspired bathroom, colours can be one of the aspects homeowners must consider when designing their private space. Fiery red and orange tones, often used as accents in the living space with modern furniture and accessories, symbolise energy, strength and intimacy, while blue shades create a cosy ambience with a soothing effect with connotations of nature or the ocean.

Other than tiles and walls in the bathroom, colours can apply to bathroom fittings too. The AXOR brand offers a bespoke customisation service for bathroom fittings manufactured with Physical Vapour Deposition (PVD), adding a personal touch to the bathroom. These iconic bathroom fittings in special finishes such as bronze, nickel or red gold, brushed or polished, are exceptionally aesthetic and functional, and augment the luxury bathroom with extra character, similar to popular luxury hotel bathrooms.

Lighting, texture and scent

The lighting of the bathroom space, the texture of the materials and the fragrance used in the bathroom are important in creating a relaxing atmosphere. Our senses are aroused by many details. For example, we want to enjoy the rain shower on our skin, we are pleased by the soft lighting during a relaxing shower, we caress our hands over the marble counter tops and we savour the whiff of the aromas in the bathroom.

Refined finishes bring joy, including fine grains in natural stone, non-slip wood, marbled tiles and the pattern of small mosaics and tiles. These bathroom companions, as featured in Martin Modern and Stars of Kovan residences in Singapore, have structures that please the eye and turn the bathroom into a luxurious and inviting space, bringing about a more pleasurable experience and encouraging a longer stay in the bathroom.

The overall bath lighting and vanity lighting can also contribute significantly to the ambience created in the bathroom. A general rule of thumb is to use different light for different purposes. When creating a hotel-inspired bathroom, it is also important not to neglect the scent of the bathroom. What many people fail to realise about those luxurious 5-star hotel bathrooms is the fact they always have a pleasing scent. It is a small detail that goes a long way.

Themes

A luxurious hotel bathroom is often designed with a specific theme. These can be classic, modern or even industrial concepts that tie everything together. When designing a posh bathroom for the home, it’s important to decide first on the theme before searching for fittings and accessories to match the bathroom theme.

The JW Marriott Phu Quoc Emerald Bay Resort & Spa, a 5-star luxury hotel, features bathrooms with an impeccable classic theme. Designed by famed architect Bill Bensley, the bathrooms feature the AXOR Montreux fittings, the epitome of authenticity in perfection. Designed by AXOR and Phoenix Design, the AXOR Montreux collection pays tribute to the belle époque of the early 20th century.

The industrial-themed bathrooms of The Warehouse in Singapore’s in Robertson Quay offers an edge over typical bathrooms with a clean and minimalist style featuring concrete and metal. Fitted with the AXOR Shower Products designed by FRONT, the bathroom is timelessly modern with a warm welcoming effect.

Technology

For some homeowners, a hotel-inspired bathroom should be equipped with the latest technology. This is a sign of the sophisticated hospitality present in many hotel bathrooms. There are indeed bathroom fittings which feature advanced technology for the users. These create unmatched convenience and ease-of-use.

For more information, visit

hansgrohe.com.sg


Credit for first time buyers

First time home buyers will continue to have access to finance.

In response to recent reports regarding requests to review Bank Negara Malaysia’s lending guidelines, the bank said first time home-owners will continue to have access to financing.

In a statement it said outstanding housing loans continued to expand at double digit levels, recording a growth of 10.6 percent as at the end of May 2016.

About 75 percent of borrowers with housing loans are first time house buyers.

“We wish to state that access to credit is not the problem confronting potential buyers in owning affordable houses,” the statement said.

“There are more fundamental issues that require resolution such as affordability and shortage of supply of reasonably priced houses.”

The responsible financing guidelines serve to ensure that individuals borrow within their capacity to repay the borrowings.

It places a responsibility on banks to establish a borrower’s income that will be available to meet debt repayments, after allowing for expenditures and contingencies.

It said this is to protect and prevent individuals from falling into financial hardship due to over borrowing, which ultimately undermines home ownership as a result of foreclosures.

Bank Negara Malaysia does not prescribe any lending limits, it said.

Lending decisions continue to be determined by a bank’s business decision, reflecting its risk appetite and strategies.

As a general rule all first time home buyers applicants who fulfill the credit criteria and can afford to repay the debt will have access to credit.

The bank, Agensi Kaunseling dan Pengurusan Kredit and Association of Banks in Malaysia are continuing to engage with state authorities to improve the process for approving applicants for affordable homes to ensure that they will also be eligible for bank financing.

This includes helping individuals identify the steps that they can take to improve their eligibility for financing, the statement concluded.


Crown Group embraces Indonesian, Japanese and Australian influences for Sydney project

Crown Group chairman and CEO Iwan Sunito; world-renowned Japanese architect Kengo Kuma and award-winning Sydney architect Koichi Takada are behind Mastery by Crown Group

The newest development from Crown Group will transform residential living in Sydney. Mastery by Crown Group is the vision of three industry leaders; Crown Group chairman and CEO Iwan Sunito; world-renowned Japanese architect Kengo Kuma and award-winning Sydney architect Koichi Takada.

The trio are aiming to create a space that is both eye catching and functional. Mastery by Crown Group is part of Sydney’s Green Square redevelopment precinct that is five kilometres from Sydney’s CBD and only three kilometres from the University of New South Wales.

“We are so proud to bring Mastery by Crown Group to Sydney. With Mastery by Crown Group, we are creating a new urban hub; a unique community where people can meet, connect, learn, relax and play together, enjoying an enriched community life in this growing suburb,” Sunito explained in a press release.

Mastery by Crown Group boasts unmatched design

The five-building development is the first collaboration of its kind in Sydney. An innovative, 19-storey tower is the project’s centrepiece. Kuma, an internationally acclaimed architect who made the Dezeen Hot List last year, has crafted a plant-filled, green exterior designed to emulate a stacked forest.

Japanese-born, Sydney-based architect Koichi Takada and his firm, which has won multiple awards for its residential, retail and hospitality designs, have designed three additional buildings at the development. They will bring a local flavour to Mastery by Crown Group that will mesh well with Kuma’s designs.

“It is my honour to work alongside Kuma-sensei, the Japanese master of architecture. It is a dream come true,” Takada explains. “I drew on an idea of ‘green luxury,’ finding inspiration in nature. Each building is designed with a ‘human touch’ to express its organic and distinct architectural character.”

The project features 384 luxury apartments as well as resort-style amenities, such as an infinity-edge cantilevered rooftop pool, gym and community room. There is also a retail space with restaurants, cafes and shops.

Mastery by Crown Group is expected to become a vibrant and diverse community in Sydney’s inner suburbs when completed in 2021. More than 40,000 jobs will be created in the Green Square area by 2030. This means units will be extremely coveted in the coming years.


Currency corrections see cost of living for expats fall in Southeast Asia

The cost of living for expats has declined in many parts of Southeast Asia

The cost of living for expats in
Bangkok
,
Hanoi
 and many other locations across Southeast Asia fell. That was due in large part to currencies weakening in several countries. According to the ECA International Cost of Living rankings, the Thai capital is now the 34
th
 most expensive location for expatriates in the world while Hanoi dropped out of the top 100 altogether.

With the cost of living rising elsewhere globally, the
ECA International
 rankings found Southeast Asia to benefit from lower rates of inflation in addition to weakening local currencies.

“Many Southeast Asian locations have fallen in our Cost of Living rankings. This is because other countries, which were previously ranked below these locations, had experienced higher rates of inflation, which drove up their positions on the list,” Lee Quane, Regional Director – Asia at ECA International, told Dot Property.

He continued, “This also came about as a result of Southeast Asian currencies weakening in comparison to other currencies such as the US Dollar. Thus, while prices may have increased in places like Thailand in local currency terms, the US dollar equivalent value of the surveyed items are lower in 2021 as compared to 2020.”

This is ultimately mixed news for expats in places like
Thailand
 and
Vietnam
 where the cost of living has soared over the past few years. While local prices for various goods and services may still be increasing, they are now cheaper when compared to other countries.

“Absolute living costs have not fallen in Southeast Asia as prices have risen across most countries in the region. The rate at which prices grew in the region was in line with the wider Asia Pacific region, and is similar to the rates of inflation witnessed in other regions such as Europe and North America,” Quane noted. “On the other hand, our research saw significantly larger increments in the prices of goods and services in Africa and Latin America locations, which tend to have high inflation rates historically.”

Quane cited Oslo as an example of this. The Norwegian capital overtook Bangkok on the ECA International Cost of Living rankings because price increases here where much greater than what occurred in the Thai city.

Looking ahead, Quane predicts the cost of living for expats across most parts of the world to continue rising.

“We believe that living costs will rise in the majority of countries throughout the remainder of 2021 and into 2022 and will continue to do so at a much higher rate compared to what we saw in our recent research. This is partly due to increases in commodity prices such as oil. It is also reflective of supply shortages of other items, combined with a demand for goods and services that are associated with economic recoveries,” Quane stated. “Countries with considerable manufacturing bases, such as Thailand and Vietnam, may therefore see a greater inflationary impact as compared to other locations in the region.”

The impact of COVID-19 on the cost of living for expats

Remote work has become part of everyday life for many employees. With a desk or physical office no longer a barrier, a growing number of people are now looking to base themselves in places like Thailand and Vietnam.

“The growing trend of remote working has become increasingly appealing to many for various reasons. Notably, locations in Southeast Asia, particularly those in Thailand, have surged in popularity amongst remote workers, on the account of the relatively low cost of living, combined with the good infrastructure and connectivity capabilities they are able to obtain,” Quane said.

And while the low cost of living for expats may prove to be attractive, there are other factors which need to be considered.

“There are various compliance and logistical matters which may hinder people’s ability to realize this shift in the short-to-medium term,” Quane pointed out. “These include immigration and work permit issues, as it is difficult for non-residents to enter many countries in Asia at the present, or obtain a work permit without the sponsorship of a company in the host country.”

Meanwhile, traditional businesses will need to be mindful of just how COVID-19 has changed what employees expect when working overseas.

“The pandemic is likely to have resulted in employees placing greater emphasis on healthcare benefits, and they are now more likely to demand for more comprehensive coverage from their employers, especially in terms of their ease of access to good-quality medical care in the locations from which they are based,” Quane said. “Similarly, housing is also expected to be a pressing issue in the new normal, as the expected increase in hybrid working arrangements would lead to a greater demand for more spacious accommodation that can facilitate home-working or even home-schooling when the situation calls for it.”

Ultimately, companies need to adjust to these demands either by fulfilling them directly or offering higher salaries so employees can cover the additional costs themselves.


Cybersecurity and real estate

Is it their problem, your problem or our problem?

Hacktivism has now reached unprecedented levels. Major organisations and corporates are rarely out of the news from compromises by nation states, organised crime, competitors and individuals. With relative ease, an invisible enemy can find its way into a rich trove of trade strategy documents, IP related to product design, and large volumes of consumer data that can be exploited, sold or used for economic or military gain.

It is, however, our employees who remain the most cited culprits of incidents from loss of devices, poor device protection or falling victim to phishing and become unintended accomplices.

The theme of insider threat emerged very strongly at CoreNet Global Summit’s panel debate. Daniel Cuthbert, the COO of Sensepost, a global security firm that specialises in ethical security testing, used his software to demonstrate device vulnerability amongst CoreNet’s audience.

The level and extent of vulnerability was astonishing.

Cuthbert explained that whilst firms can protect their architecture and data with malware detection, vulnerability scanning tools and other types of controls and encryption, we leave ourselves exposed from two major threat sources; Bring Your Own Device policies and free wifi.

Both provide easy gateways. For him, the answer to the question lies with you and me and a basic duty of care. But it became clear in the debate that real estate also needs to transform its awareness on the topic, and understand where it fits as well.

Erwin Franz-Schultz, IT architect and Technical Head of IBM’s Energy & Utilities sector, outlined the vulnerabilities of enterprise networks, IP and software which are now commonly used in the built environment to control services, safety systems and plant. As a leading expert in smart grids and cyber security, he expressed the view that cyber attacks are no different to any other risk faced in scenario testing and disaster recovery planning. It simply happens to be a different type of threat which needs its own assessment and mitigation plan.

Brian Lord, an expert in national intelligence and cyber operations, now with PGI Cyber following a career with GCHQ as Deputy Director reinforced this by urging the audience to normalise the threat. By this he meant, understand the incident, and in simple risk management terms understand the risk severity and probability of occurrence.

He also meant remove the emotion of the media. Most cyber attacks would be described as theft, blackmail, vandalism or anti-social behaviour if reported in the non-Cyber world.

Despite the pragmatism, he did underline Cuthbert’s view about personal responsibility and outlined how responsible organisations implement and maintain systems for storage and transfer of sensitive information and why disciplines around encryption remain highly effective.

Lord flagged up the role of property and its advisors in supply chains. In an outsourced world with complex supply chains, we are reliant on information security arrangements from multiple providers, and in turn hold data on behalf of other parties reliant on the rigour of our own information security.

Yes, Codes of Practice for Cyber Security in the Built Environment and International Standards for Information Security Management Systems, but the question remains whether we know yet what good looks like, or indeed how to answer any procurement teams questions properly ourselves. With new EU General Data Protection Regulations proposing fines of up to 5 percent of global turnover for data protection penalties, answers to these questions need to be found quickly.

Here are some simple tips that everyone in the property and real estate industry can implement.

Training and awareness.

Use classification systems for distribution of sensitive information – highly classified material will carry encryption and other protection.

Implement business guidelines on handling of data, device use, and requirements from the supply chain. Remember that they need to be embedded into your supply chain of service providers, consultants and contractors, and that starts with vendor risk assessments.

Protect your network – there is a vast array of products to protect networks, software and devices – companies currently spend less than 4 percent of their total IT budgets on cyber protection.

Spend time understanding the system architectures, protections and controls in buildings that you occupy, but which may be outside of your operational control. Make sure that the landlord has undertaken a vulnerability assessment from a reputable security systems specialist and shared its findings with you.

As with any disaster recovery planning, develop well worked out responses to different threats.

Stop being so trusting – ask why something is free.

There’s no excuse for poor passwords.

Get the debate at board level, and help them to understand the reputational, financial and competitive risks they face without a robust management strategy.

Risks and responses evolve at lightning speeds. Active collaboration with industry groups keeps you connected to the conversations.


Danajamin guarantees liquidity support for SkyWorld

Datuk Ng - Founder & Group MD of SkyWorld

The following is a press release from SkyWorld.

Danajamin Nasional Berhad (Danajamin), the country’s first Financial Guarantee Insurer, today announced that it is guaranteeing a credit enhancement facility for Tranche 1 of the 12-year RM600 million Sukuk Musharakah Islamic Medium-Term Note (IMTN) Programme to be issued by SkyWorld Capital Berhad (Issuer), a sole-purpose vehicle wholly-owned by SkyWorld Development Sdn Bhd (SkyWorld). The credit enhancement facility is required in order for Tranche 1 of the IMTN to be accorded a AA3/Stable rating by RAM Rating Services Berhad in the Sukuk market.

This first issuance is made against the progress billings of the SkyAwani 1 development project in Sentul, which is the group’s first affordable housing project under the Rumah Mampu Milik Wilayah Persekutuan (RUMAWIP) programme. The award-winning SkyAwani series has cemented its position as the must-owned starter homes for first-time home buyers – given its affordable price, practical layout and full-fledged condominium facilities. SkyAwani 1 Residences is also the first RUMAWIP affordable home that is in compliance with QLASSIC standards set by the Construction Industry Development Board Malaysia (“CIDB”).

Commenting on the SUKUK programme, Mohamed Nazri Omar, Chief Executive Officer of Danajamin said, “This guarantee is the first structured transaction in Malaysia to monetise progress billings of a property development project. We are pleased to play a role in helping property developers such as Skyworld Capital Berhad by providing partial or full guarantee for affordable housing projects.”

December 13, 2017


Data centers primed to be the next big growth area for the Philippine real estate industry

The next big growth area for the Philippine real estate industry is relatively new and may even be unfamiliar to some. However, its growth will be massive moving forward. According to Santos Knight Frank, data centers are expanding in terms of importance as digitization increases across the country. And their impact is already being felt on the property market.

“We believe data centers are the next big growth area for the real estate industry in the country, and we are very excited to be at the forefront of this as a leading real estate consultant for international and regional data center operators,” Monica Gonzalez, Santos Knight Frank’s Data Centers Lead and Manager for Occupier Solutions & Services, said.

Demand for data centers is on the rise, both in the Philippines and globally. That is a byproduct of the ever-increasing use of technology in everyday life. Greater data consumption has highlighted the urgent need for more facilities.

“Overall, the worldwide data center industry is experiencing great growth as data consumption grows at a rapid rate and digitization is spreading to more and more facets of our lives. Data center operators have been aggressively expanding in Asia,” Gonzalez stated. “The Philippines has become one of the emerging market or hot destinations for these operators as they recognize our potential in terms of availability of land, fiber infrastructure, IT talent and local data use and demand.”

The country’s current data center capacity is at 94 MW, but more is set to come online. Gonzalez expects an increase of up to 200 MW of additional capacity coming from confirmed projects in the pipeline.

Now and what’s next for data centers in the Philippines

Data center growth is being driven by both local organizations and international players. Gonzalez noted the Philippine market had been dominated by telcos with PLDT and Globe being the two biggest operators. However, competition in the space is picking up.

“We now have the confirmed entry of regional and international operators that will build world-class facilities, which is very exciting,” Gonzalez reported. “Notable projects include YCO Cloud Centers’ 12-MW facility in Batangas, as well as SpaceDC’s planned campus in Rizal with a total phased capacity of 72 MW. PLDT has also recently announced their plans of building a 100-MW facility in Laguna.”

This is simply a start. The reason Santos Knight Frank has tipped data centers as the next big growth area for the Philippine real estate industry is due to the fact much more activity in this sector is likely.

“We absolutely expect more regional and international players to enter the country in the medium term. Santos Knight Frank has registered about 125 MW worth of interest in potential additional capacity from data center operators considering establishing facilities in the Philippines,” Gonzalez detailed.

With more operators considering a move to the Philippines and current firms looking to scale up, opportunities are numerous at the moment. In particular, local businesses still have time to become involved with this part of the real estate sector in various capacities.

“Many of these operators will be looking for local partners, so there is definitely an opportunity for local firms to get into the data center industry through joint venture or other partnership structure,” Gonzalez pointed out.

Finding a partner

Data centers can be a daunting sector to get involved with regardless of if you’re an operator, occupier or related to the industry in some other way. The key to navigating obstacles is finding a partner who understands the unique challenges you’ll face and has the knowledge and capability to ensure your needs are met.

“Santos Knight Frank can support data center operators through the full process of establishing their data center, beginning with market research and due diligence, site selection and acquisition of property, project management and facility construction, leasing and marketing, and finally, facility management of the operational data center. We also represent occupiers looking to take data center space or capacity,” Gonzalez concluded.


Deal for Sime Darby in KL East

Sime Darby Property, a leader in developing sustainable communities, has announced its collaboration with KYS Education Group at the KL East integrated development, with both parties agreeing on plans to form the KYS International School at the KL East integrated development.

The agreement outlines a long term land lease arrangement between the developer and education provider, for the setting up of the international school on a six-acre site in KL East.

The KYS International School is strategically positioned to tap into the expatriate market and higher income households, key demographics of KL East. The development of KYS International School in KL East will be undertaken independently by the KYS Education Group.

Sime Darby Property Senior Vice President, Property International; Mohammed Redza Mohd Yusof and KYS College Sdn Bhd Director; YBhg. Dato’ Muhammad Hafidz Nuruddin signed the agreement, witnessed by KYS Education Group founder; YBhg. Tan Sri Halim Saad, Executive Director of Project Management, Kuala Lumpur City Hall; YBhg. Datuk Syed Affendy Ali bin Syed Abid Ali and Sime Darby Property Managing Director; YBhg. Dato’ Ir. Jauhari Hamidi.

The Managing Director of Sime Darby Property, Dato’ Ir. Jauhari Hamidi, said: “We are proud that KYS Education Group has chosen KL East as the location for its new international school, as the development indeed offers a conducive environment for  education. The school complements the three growth catalysts that we aspire to establish which comprises lifestyle, nature and education.”

Once developed, the KYS International School in KL East will be able to accommodate up to 900 students and will cater for pre-school, primary and secondary education, following both the local KBSM (Kurikulum Baru Sekolah Menengah) curriculum and the International General Certificate of Secondary Education (IGCSE). The international school will also be offering A-Level education.

KYS Education Group founder, YBhg. Tan Sri Halim Saad, said: “KYS International School at KL East is our first foray outside of Melaka. KYS has a reputation as one of the best schools in the country and we have produced good quality, rounded students for the past 20 years. This collaboration with Sime Darby Property will give more students access to obtain high quality education delivered by KYS. We see this as the first step to further collaborations with Sime Darby Property in the future.”

KL East is a 153-acre luxury development that appeals to stylish, sophisticated and vibrant urban lifestyles, balanced by the sheer natural beauty of the nearby Klang Gates Quartz Ridge.

Located within reach of the Kuala Lumpur City Centre and 800m from the Gombak LRT station (Kelana Jaya line), KL East is set to be an upmarket residential area celebrating modern and iconic place-making design coupled with the best facilities, connectivity and environment.

KL East raises the bar in sophisticated high-rise living and balances this with a celebration of Malaysia’s natural environment, offering 53 acres of forest park and 30 acres of landscaped and open spaces for the community and public to enjoy.