Stop residents feeling SAD

Seasonal Affective Disorder (SAD) – colloquially known as the ‘Winter Blues’ – is a mood altering condition caused by a lack of natural light and sunshine. Symptoms of SAD include a tendency to oversleep and overeat, a lack of energy, pessimism and depression.

Living in poorly designed apartments without solar access has contributed to the symptoms of SAD in Sydney, which originally were only experienced in countries with long, dark winters. But a breakthrough development at Sydney Olympic Park has overcome the problem.

The spectacular-looking Boomerang (pictured) on Olympic Boulevard is believed to be the tallest residential building in Australia designed with 100 percent solar access to all its apartments.

Every apartment at Boomerang has a North or North East orientation. This ensures that each apartment achieves sunshine throughout the year and, in particular, during the winter solstice – the shortest day of the year.

Modelling by architects Bates Smart shows that each of the 229 apartments will achieve a minimum of three hours of natural light a day.

Developer Ecove says the building also embraces a multi-level Six Green Star commercial office, above which will soar a 32-storey tower.

“This building will be an environmental triumph because every apartment will have a north or north-east view and gain 100% solar access,” said Marketing Manager of Ecove, Sue Ballesty.

Boomerang is the first apartment building on Olympic Boulevard, the most iconic thoroughfare at Sydney Olympic Park. It was here 16 years ago where millions gathered as the world watched Sydney dazzle. Ecove’s corner site is within 400 metres of the Olympic Stadium and overlooks the new training ground and facilities for the GWS Giants AFL club. Apartments are expected to be launched in mid-May. Ecove’s is synonymous with Sydney Olympic Park, which became a suburb in 2009.

Its fourth residential tower, One Australia Avenue, rises 123 metres above sea level, making it the tallest apartment building in the inner west. The curvaceous tower mimics the elliptical shape of the iconic nearby stadia, and marks the eye-catching eastern entry to Sydney Olympic Park.

The 30-storey building has added a further 320 apartments and 17 retail/commercial suites to Sydney Olympic Park, which is now home to around 2,000 residents.

Ecove’s fifth and final building on Australia Avenue, Opal Tower, began construction earlier this year. It will soar to 36 levels and comprise 392 apartments.

Ecove lists three factors which have fuelled the strong residential demand at Sydney Olympic Park:

1. Location – nowhere else in Sydney has such sporting, entertainment and recreational facilities ‘on the doorstep’.

2. A large permanent workforce – many of whom want to live close to work; and

3. Handy public transport – access to rail, road, bus and ferry.

“Rather than the post-Olympics ‘hangover’ some doomsayers predicted, Sydney Olympic Park now has a residential ‘heart’ with a strong communal spirit,” said Ballesty.

“Purchasers in our buildings have come from all parts of Sydney and been a broad mix of investors, owner-occupiers, workers from the many local businesses, first home buyers, small family groups and downsizers.

“The influx of residents has made Sydney Olympic Park into a fully functioning suburb. There is a real sense of community here, and residents appreciate the benefits of living in the sporting and entertainment heartland of Sydney.”

The focus on residential development at Sydney Olympic Park began in 2009 when Ecove commenced construction of its initial tower. Each of its subsequent glass-walled buildings maintain a complementary streamlined shape, with apartments arranged to maximise sunlight and views. Floor-to-ceiling windows allow residents to capture the expansive vistas – north to Olympic Boulevard, east to the Sydney Harbour Bridge and CBD, Bicentennial Park and Lake Belvedere.

“Sydney Olympic Park stretches over 640 hectares of which 450-hectares are public space and parkland . . . that’s the equivalent of 1,000 football fields,” said Ballesty.

“This provides a healthy outdoor lifestyle akin to a country town yet we are just 12 kilometres from the CBD and well connected to most parts of Sydney.”

It’s not surprising that Sydney Olympic Park is forecast to swell to 14,000 residents by 2030.

The Boomerang Tower showroom at 1 Australia Avenue Sydney Olympic Park will open shortly.

www.boomerangtower.com.au.


Stress of buying and selling

New research published today from
 Which? Mortgage Advisers
 has revealed that buying and selling a house is one of the most stressful life experiences – more so than having a child and second only to going through a divorce.

As many as 70 percent of the population considered buying or selling stressful, according to the research of nearly 2,000 members of the general public. Respondents were asked to rate how stressful they found each of life’s major events, ranging from going through a divorce to buying a new car.

While going through a divorce came out on top of the list of life’s stresses, with four in five people (78 percent) considering it stressful, buying and selling property followed closely behind, with seven in 10 people (69 percent and 70 percent respectively) finding either process nerve-wrecking.

Buying or selling a property was considered more stressful than arranging care for an elderly relative (68 percent, having a child (53 percent), changing jobs (49 percent) and getting married (40 percent).

The research also revealed that women found both buying and selling a property more stressful than men. Three quarters (75 percent) of women surveyed said they found selling a property stressful whilst only two thirds (66 percent) of men felt the same. These figures were mirrored when it came to buying a property, with 73 percent of women finding the process stressful as opposed to 67 percent of men.

Which? Mortgage Advisers
 offers the following expert advice to help reduce the strain if you’re buying a property:

Know the process.

Buying and selling may involve being part of a chain of buyers and sellers so be realistic about timeframes and when you can expect to move.

Invest in good financial advice.

While seeking assistance from mortgage and financial advisers may cost you, it is likely to save you money in the long-run. Choosing a mortgage isn’t just about finding the lowest rate, it’s about finding a mortgage that’s right for your personal circumstances.

Make life easier with a reliable lender.

When choosing a lender consider their reliability, range of products and the overall costs, rather than just the initial cost alone.

Consider service as well as cost of conveyancers.

Invest in a quality conveyancer or property lawyer. While online companies are often cheaper they don’t always offer a full service.

Ease your worries by staying informed.

Don’t just leave parts of the process to professionals. You’ll be less worried if you build good relationships with those involved in the process and know what needs to be done and when.

Know your limits to avoid future issues.

Try not to over stretch yourself for that ‘dream property’. If you end up in arrears, you may have financial trouble for many years.

David Blake at Which? Mortgage Advisers said: “We’re all obsessed with home ownership, but when it comes to buying or selling, our research shows it can be an incredibly stressful process. Thankfully there are a number of things you can do to reduce the strain, including speaking with a mortgage adviser early on to get your finances in order.

“Investing in good financial advice will ensure you find the best mortgage for your personal circumstances. To help avoid unnecessary stress when you’re getting a mortgage, do ask about the reliability and service levels of any lender you’re considering.”


Strong interest in West Sands

The West Sands Resort and Villas on the Thailand island of Phuket (a penthouse unit is pictured) has attracted strong investment interest from Singapore, Hong Kong and Mainland China since it was put for sale earlier this month according to JLL Hotels and Hospitality, the real estate firm that is leading the sale.

The only resort on the island with its own integrated water park, the West Sands Resort and Villas occupies a prime freehold 113 Rai, or 18 hectare, beachfront site at Mai Khao Beach near the newly expanded Phuket International airport.

“The strongest interest to date has been from Singapore, Hong Kong and Mainland China as well as domestic Thai groups who know better than anyone the scarcity of West Coast beach front real estate in Phuket,” said Mike Batchelor, Managing Director of JLL Hotels and Hospitality Group.

“The potential to secure a Thailand Board of Investment (BOI) privilege, which would allow 100 percent foreign ownership of the hotel and the land, was also of great appeal to the foreign investors reviewing the opportunity.”

“The enquiries signaled the healthy investment appetite for hotel assets in Asia Pacific,” he added.

The master-planned resort, with its large land holdings, provides numerous expansion opportunities for both the existing hotel and water park with the original plans for a development of up to 1,000 keys. The hotel asset currently has 575 keys. The site could be further developed to include condominiums and villas, fractional or vacation ownership or a senior living component.

According to Batchelor, the completion of the new airport terminal in June will be a game changer for the popular Island resort destination. Phuket currently has direct flights to 14 countries and 43 cities from around the world, including 19 cities in China and has been operating at capacity for some time.

The new terminal, which is scheduled to open later this year, will be able to handle five million additional passengers annually. It is expected to ease passenger traffic at the airport, which has been handling 6.5 million passengers annually – twice the number for which it has been designed.

Phuket is Thailand’s largest island and its tourism industry has benefitted from increased international arrivals, in particular those from Mainland China. Chinese inbound arrivals into Thailand have grown at a rate of 47.7 percent annually over the last five years.

He added: “The Tourism Authority of Thailand aims to further grow arrivals to Phuket by targeting first time visitors from established European markets as well as emerging Eastern European countries. We expect visitors arrivals to increase, facilitated by the expansion of the airport.”


Subdued outlook for H2 2016

The Malaysia property market will likely remain subdued during the second half of the year, according to Valuation and Property Services Department Director General Datuk Faizan Abdul Rahman (pictured), speaking at the Malaysian Property Summit Mid-Year Review 2016 this week.

He said: “The overall market activity is expected to tone down, with the residential sub-sector continuing to dominate the market segment, with affordable housing taking the limelight.”

He added that the Malaysian government continued to provide housing initiatives, such as the PR1MA where houses are sold at 20 percent below market price, and under the Syarikat Perumahan Negara Bhd (SPNB), where 10,000 units of Rumah Mesra Rakyat will be built with a RM 20,000 subsidy for each house which are all part of the House Ownership programmes announced in Budget 2016.

“It is anticipated there will be a price correction and slow growth in the House Price Index to continue further,” he added in his presentation.


Subdued sales ahead: DBS

Slower sales in the Malaysian residential property market will be the new norm, according to the latest research published by DBS Group Research this week.

The firm said it believes the optimism emanating from certain quarters about a recovery in 2H16 is likely to be misplaced as sentiment in the property market remains weak. This year could be even more challenging in light of the tepid economic outlook and persistently poor consumer sentiment.

The accelerating incoming supply over the next two years could further dampen the weak sentiment, as buyers may continue to adopt a wait-and-see attitude in anticipation of lower selling prices.

DBS said it has seen various promotional incentives being “dished out” to property buyers in order to boost developers’ property sales, which are expected to decline in 2016. Also, developers have been incorporating more affordable homes in their launch pipelines, as demand for affordable housing remains strong despite the weaker sentiment.

Absolute property prices have been kept low by offering smaller built-up units. This is mainly to address the affordability issue, as buyers have been priced out by the skyrocketing prices.

Developers have been facing difficulties in converting their initial high bookings to sales because of stricter bank lending policies, as banks get more cautious towards the property sector despite the keen interest shown by potential home buyers, especially genuine home-occupiers who may be purchasing properties for the first time, or upgrading to better homes.

While the property market has been rather lacklustre compared with the past few years, the overall house price index remains on the uptrend, albeit at a slower pace. Affordable landed properties with ready infrastructure and amenities remain in demand, as attested by some of the recent launches.

Developments that are integrated with current or planned public rail stations continue to be sought after, and property buyers have been increasingly seeking value-adding properties as more affluent buyers continue to upgrade their lifestyle.


Suburban offices thrive

Malaysian offices on the outskirts of Kuala Lumpur are thriving while demand remained subdued in the city centre.

According to the
latest research from real estate firm JLL in its Asia-Pacific Property Digest
, negative absorption was seen in central KL as landlords of old buildings struggled to secure new tenants for vacated space.

Tenants were drawn further afield and some of the newest buildings in the submarket gained almost full occupancy.

The picture was very different in Kuala Lumpur where most of the newer buildings were more than half vacant.

NO NEW SUPPLY

No new supply came on stream in either the KL or the submarkets in 2Q, and the completion of Menara JKG was delayed again, JLL noted.

Overall the vacancy rate increased to 12 percent in 2Q 16 due to negative absorption in the KL submarket.

However this was somewhat mitigated by positive absorption in the suburban areas.

MIXED RENTAL PERFORMANCE

Average net rents of Malaysian offices in central KL decreased 0.7 percent quarter-on-quarter while suburban areas showed a diverging trend with net rents increasing 0.2 percent.

In central KL rents for top-grade office buildings were generally stable, but for lower grade office buildings they continued to slide.

Investment yields were flat compared to the previous quarter and JLL anticipates they will remain relatively stable as interest rates in Malaysia are expected to remain unchanged but with some downside potential.

OUTLOOK: TENANTS’ MARKET AMID WEAK SENTIMENT

JLL said it does not foresee a significant impact on the office leasing market as a result of the recent “Brexit” vote.

It did say it is likely to further subdue already cautious investment sentiment, causing investors to delay making decisions.

The first line of the mass rail transit project is scheduled to begin operation by end-2016.

Line 1 is 51 km in length and will serve 31 stations, and upon completion, should further benefit the suburban sub markets and Malaysian offices in general.


Suburban and resort areas to lead the Vietnam real estate market in 2022

Property in the Ho Chi Minh City suburbs is growing in popularity

The Vietnam real estate market in 2022 will be led by property in the country’s suburban and resort areas. Preferences are shifting among homebuyers who are now looking for second homes or even primary residences that offer more space and a connection to nature.

“We have attractive destinations such as Bao Loc, Dalat, and Ho Tram. From Ho Chi Minh City, it is easy to drive to these locations and homebuyers can find second homes here to get away from the city and enjoy the open space,”
David Jackson, CEO of Colliers International Vietnam, told the Vietnam Investment Review
. “This trend is expected to continue to grow post-pandemic.”

Price and limited supply are among the other reasons why suburban and resort areas will lead the Vietnam real estate market in 2022. Research from Savills Vietnam showed supply in the Ho Chi Minh City house and villa market hit its lowest mark in five years while prices in
most districts saw increases of 13 percent or greater during the first half of 2021
.

“Historically low supply has driven inevitable price increases, that has spilled to neighboring provinces.  With the new government formalized then the near-term hope is for more approvals that will answer the supply shortage,” Vincent Nguyen, Director of Residential Sales, Savills HCMC, said. “Future supply is so far evenly dispersed, providing an array of location choice.”

This was supported by a market report published by DKRA Vietnam late last year. The consultancy found that six townhouse and villa projects opened for sale in Ho Chi Minh City and surrounding areas in November. The bulk of these being launched in the suburban Dong Nai province, a key area for the Vietnam real estate market in 2022.

“In 2022, the residential real estate segment and urban areas will thrive. Some key urban areas developed in the past few years are located in Dong Nai, Long An, and Binh Duong provinces. This will continue to be the primary trend as area for residential real estate in Ho Chi Minh City will continue to be limited, driving investors and developers to satellite urban areas with easy connectivity to big cities,” Savills Vietnam Managing Director Neil McGregor told the website.


Sukantara Cascade Resort & Spa is a northern wonderland

Enjoy the traditional Thai Kantoke dinner in front of the impressive waterfall at Sukantara Cascade Resort & Spa

Whether you are working in one of Southeast Asia’s metropolises or are simply visiting the region, it can get a bit hectic. It’s also easy to lose the sense of nature that can help us find balance and achieve peace. This doesn’t mean you need to disconnect from the world completely, but a few days away from the city or crowded throngs of tourists can be a refreshing change of pace.

Chiang Mai remains one of the best spots in Southeast Asia for a nature getaway. The impressive Doi Suthep a 1,676-metre granite mountain covered in forests, sits only 15 kilometres away from the city while the expansive Doi Suthep–Pui National Park it sits in boasts some of the Kingdom’s best waterfalls, caves and cycling.

Angelina Jolie on her visit to Sukantara

On the northern outskirts of the park and less a 30-minute drive from the Chiang Mai city centre lays Sukantara Cascade Resort & Spa. Once you enter the amazing property it feels as if you have been transported to another world. The most notable feature of the wondrous boutique resort is the waterfalls that run through it. After catching a glimpse, you’ll come to understand why celebrities such as Angelina Jolie choose to stay here when traversing the north of Thailand.

One of the few hotels in the world where you can wake up, walk out your door and put your feet in cascades, Sukantara allows you be immersed in the wonders of nature. These include a family of beautiful peacocks who call the resort home. They strut around the property at their leisure, grazing by the waters and even making their way to a perch on the roof. Another fantastic sight is the cable bridge that connects the two sides of the resort.

With 16 rooms and suites, Sukantara never feels crowded. However, there are still several different types of accommodations available to guarantee your stay is perfect. The suite pool villa offers privacy and some of the best views of the cascades, which can be enjoyed from the veranda. The Thai villa features the classic Lanna-style Chiang Mai is known ensuring an authentic stay.

Perhaps the most unique of all the accommodations is the luxury-tented villa which is eco-friendly. The tent provides a camping-style experience without having to give up the luxuries of home. Inside you will find a bathtub and shower as well as interior furnishings that provide the ultimate jungle ambience. From bamboo walls to teak furniture and luxurious ceiling canopies, you will want to see it for yourself if you enjoy camping.

Chiang Mai best cakes

Don’t miss the Naomi cakes

Even if you don’t stay at Sukantara Cascade Resort & Spa, you should stop by to try the Naomi cakes. Specially crafted by the manager, these are simply scrumptious. The coconut cake and coffee cake are out of this world and worth the trip from Bangkok on its own.

There are plenty of other reasons to dine at the hotel’s on-site restaurant. The traditional Thai Kantoke dinner is served outdoors in front of the waterfalls is a romantic experience that can’t be duplicated. During dinner you can indulge in an assortment of Chiang Mai’s most famous dishes all while basking in the wonderful candlelight setting.

Of course, you will want to conclude the evening with the aforementioned Naomi cakes before retiring back to your room for the evening.

No better feeling than being at Sukantara

View from the cable bridge

What stands out most about Sukantara Cascade Resort & Spa is the feeling you have during your stay. From the moment you arrive to the time you bid farewell, there is a delightful homey feeling you can’t help but appreciate. Wandering around the resort exploring the waterfalls creates the same joy as when you played in the backyard as a kid.

The staff at the resort is also exceptional, providing the Lanna-style service that has been passed down for generations in this region. Sukantara employs Karen staff who know this part of Thailand better than anyone else. The hill tribe group has been living in the mountains outside of Chiang Mai for centuries and is happy to assist you in any way possible.

Should you want to feel even more relaxed, the highly skilled wellness staff at the on-site Chiida Spa are available with a number of sublime treatments available. There is no better way to unwind than taking part in one of the spa’s signature massage or aroma therapy packages as the soothing sounds of the water serenade you in the background.

Once in a lifetime

There are a number of amazing resorts and retreats in Thailand, but none of them are quite like Sukantara Cascade Resort & Spa. The entire experience, from the world-class staff to the amazing scenery, is one you will never forget. It’s authentic, it’s peaceful and it’s beautiful. If you want to get away from it all (and eat some delicious cake) then head to Sukantara for a few days. You won’t be disappointed.

For more information or to make a reservation, please call +66 81881 1444 or visit
www.sukantara.com


Sungai Buloh-Kajang MRT line opening

The newly opened section of the Sungai Buloh-Kajang MRT line to generate interest.

Demand and values are expected to increase due to the opening of the Sungai Buloh-Kajang MRT line last week. Starting in Kuala Lumpur’s north west corner and running to Kajang in the south east of the city before passing through the city centre, the partial opening of this MRT line is expected to generate a flurry of activity as investors capitalise on this improved connectivity.

The section of the line that has opened if from Sungai Buloh to the Semantan station in Damansara. The underground station in central Kuala Lumpur is set to open in July 2017 along with the remainder of the second phase of this MRT line that includes 31 stations covering a distance of 51 kilometres.

Properties in close vicinity to mass transit networks in cities across the world always perform well. Tenants seeking to rent a property want to have the convenience of this transport nearby so generally rent quickly and generate a healthy rental yield. Additionally their capital appreciation increases too. Kuala Lumpur is no exception to this particularly as new mass transit networks offer an efficient and reliable service to their users.

Chang Kim Loong, secretary general from the National House Buyers Association commented,  “Property owners stand to enjoy the higher capital appreciation that comes with enhanced connectivity.” Also citing that it is important that investors seek properties that are built by developers with a good track record and reputation.  Many developers use the opening of the mass transit network as part of their marketing in a bid to attract investors.

The areas along this new route that have been earmarked for growth are those which are not already congested to avoid the numbers of people parking close by the MRT who generate noise pollution and reduce privacy for residents. However areas such as Mutiara Damansara, Kota Damansara and Bandar Utama are forecast to generate higher price tags as these commercial areas have shopping centres and other amenities that investors are drawn to.


Sunshine Homes shines once again at the Dot Property Vietnam Awards 2022

Best Luxury Developer Vietnam 2022

Vietnam People’s Choice Award for Project of the Year 2022 – Sunshine Sky City

Best Luxury Lifestyle Condo Development Vietnam 2022 – Sunshine Sky City

Sunshine Homes is one of the most awarded firms in Dot Property Vietnam Awards history and for good reason. Its outstanding projects have elevated the country’s real estate market as a whole with its performance across all sectors being noticed. After winning a staggering six awards in both 2020 and 2021, the developer was presented with three more honors at the Dot Property Vietnam Awards 2022.

This year saw Sunshine Homes’ work recognized by not only the judges but also the public with Sunshine Sky City being named the Vietnam People’s Choice Award for Project of the Year 2022. The project won Best Luxury Lifestyle Condo Development Vietnam 2022 as well.

Sunshine Homes is a leader when it comes to upscale projects, and there was little surprise to see it named Best Luxury Developer Vietnam 2022. The firm’s work on Sunshine Sky City and numerous other luxurious developments continues to impress.

Sunshine Group had previously set the bar for luxury residential development in Vietnam with the launch of Sunshine Venicia in 2020. This superluxury condo project in Ho Chi Minh City’s District 2 was among the most exclusive and in-demand residential projects ever launched in the country. However, this is simply one development in a portfolio of award-winning work.

In 2020, the developer received Best Luxury Financial Complex for Sunshine Empire and followed that up in 2021 by taking home Best Beachfront Luxury Hotel & Resort Development for Sunshine Heritage Da Nang I. Sunshine Homes has previously won the award for Best Luxury Condo Development Vietnam as well.

Read More:

Dot Property Vietnam Awards 2022 Honors 48 Winners As Resiliency, Recovery and Sustainability Take Center Stage


Sunshine Homes wins six at the Dot Property Vietnam Awards 2021

Sunshine Homes was the big winner at the Dot Property Vietnam Awards 2021

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

Best Sustainable Property Developer

Best Beachfront Luxury Hotel & Resort Development – Sunshine Heritage Da Nang I

Best Entertainment and Resort Complex – Sunshine Heritage Hanoi

Best Beachfront Resort Villa Architecture Design – Sunshine Heritage Mui Ne

Best Financial Hub Iconic Design – KSFinance Hanoi

Special Recognition Award for Smart Finance Solution – KSFinance

Sunshine Homes – A Member of Sunshine Group continued its success at the Dot Property Vietnam Awards this year with the developer winning a total of six honors, including Best Entertainment and Resort Complex.

The firm is a leader in sustainable development as it looks to research and develop environmentally friendly products that benefit society. Its work in this field saw it bestowed the honor Best Sustainable Property Developer.

Its accomplishments in the project categories were headlined by Sunshine Heritage Hanoi winning Best Entertainment and Resort Complex. The impressive development combines traditional craft villages and heritage features with a resort element that embraces local culture.

Sunshine Homes took home four project awards

Meanwhile, the stunning Sunshine Heritage Da Nang I was named Best Beachfront Luxury Hotel & Resort Development. Located on the beautiful central Vietnam coastline, the resort boasts a collection of upscale hotels and residential components. Materials throughout the development have been carefully selected with everything meeting or surpassing 5-star quality.

With everything from a golf course to thoughtfully crafted residential subdivisions, Sunshine Heritage Mui Ne has a lot going on. However, its stunning villas have drawn the most attention among buyers who want an exclusive experience surpassing what’s currently found in the country. This is one of the reasons it earned Best Beachfront Resort Villa Architecture at the awards.

Last year, Sunshine Homes – A Member of Sunshine Group won six awards
 after having earned five honors in 2019.


Sunshine Sky City selected as Vietnam People’s Choice Award for Project of the Year 2022

Vietnam People’s Choice Award for Project of the Year 2022 was won by Sunshine Sky City

For the first time in Dot Property Vietnam Awards history, a developer has repeated as winner of Vietnam People’s Choice Award for Project of the Year. Sunshine Homes first won the honor back in 2019 and was the public’s choice once more this year as Sunshine Sky City took home the Vietnam People’s Choice Award for Project of the Year 2022.

Online voting took place in July with the votes tallied shortly before the Dot Property Vietnam Awards 2022 presentation ceremony Ho Chi Minh City.

Sunshine Sky City is a remarkable project, and it is easy to see why it caught the eye of the public. The luxurious apartment development features stunning designs in addition to being 4.0 “Hotel Standard” residential complex along Ho Chi Minh’s riverside.

Read More:

Dot Property Vietnam Awards 2022 Honors 48 Winners As Resiliency, Recovery and Sustainability Take Center Stage

Vietnam People’s Choice Award for Project of the Year 2022 Finalists

Sunshine Sky City wins the Vietnam People’s Choice Award for Project of the Year 2022

Sunshine Sky City

Sunshine Diamond River

King Crown Infinity

Metro Star

Cát Tường

Park House

L’Aurora Phu Yen

Shizen Home

Stella Residence

VINH PARK RIVER

Phú Đông Sky Garden

Phu My Hung The Horizon

TNR Stars Đắk Đoavenezia Beach

FiveSeasons Homes

Merryland Quy Nhơn

Sunshine Diamond River from Sunshine Homes – A Member of Sunshine Group won the first People’s Choice Award for Project of the Year at the Dot Property Vietnam Awards 2019 while Sun World Ba Na Hills from Sun Group took home the honor in 2020. The Vietnam People’s Choice Award for Project of the Year 2021 was won by Diamond Crown Hai Phong from developer DOJI Land.


Sunway named best in Asia

Sunway Property, the property division of Sunway Berhad, was recently named ‘Property Company of the Year 2015 – Asia’ in the
World Finance Real Estate Awards
 presented in recognition of its high standards in design, quality, innovation and sustainable practices.

Readers of the U.K.-based
World Finance
 magazine were invited to vote for the nominated organisations and projects across different continents, followed by internal research for final deliberation by the World Finance award selection panel.

In a press statement the company noted that the accolade underscores Sunway’s commitment to building for posterity through its unique build-own-operate business model, which ensures the continued and lifelong growth of its communities.

It went on to say that Sunway Property has an enviable portfolio of successful and internationally acclaimed properties across Malaysia, Singapore, China, Vietnam, Cambodia, and India.

In Malaysia, Sunway has created three value-generating hubs spanning some 4,000 acres across the country, transforming the way people live, learn, work and play in a safe, healthy and connected environment within the integrated townships of Sunway Resort City, Sunway City Ipoh, and Sunway Iskandar.

Its first flagship township, Sunway Resort City, is a transformation of a derelict tin-mining land into a world-class township that garners 42 million visitations annually.

Sunway Group Founder and Chairman Tan Sri Dr. Jeffrey Cheah (pictured), said: “We are honoured to have been recognised as a real estate leader in Asia, a testament that we are on the right-track to pursue sustainable and participatory growth alongside our communities.

“We will continue to work to enrich the lives of our communities we serve,” he added.


Sustainability and innovation in real estate celebrated at the Dot Property Thailand Awards 2021

From right to left - Mr. Adam Sutcliffe, Dot Property Group Director, Events and International Markets; Khun Apipu Phromyothi, Navarang Asset Chief Executive Officer; Khun Kittiphun Ouiyamaphun, MQDC Senior Vice President; Mr. James Claassen, Dot Property Group General Manager; Khun Korn Narongdej, Chief Executive Officer Raimon Land; Khun Wasawat Watanaudomkit, SC Asset Innovative Strategic Manager; Khun Preecha Kulphaisaltham, Pieamsuk Property Development Managing Director

Sustainability and innovation in real estate were the key themes at the Dot Property Thailand Awards 2021 as the country’s top developers, projects and real estate agencies build for a better future. A total of 32 winners were honored this year.

Developer MQDC has introduced a number of cutting-edge sustainability features as well as several never before seen innovations to Thailand at The Forestias. These efforts were recognized with five awards, including Developer of The Year Thailand 2021 and Best Innovative Development.

The public also gave its stamp of approval to MQDC and The Forestias as the development won Thailand People’s Choice Award for Project of the Year 2021. There were 12 projects nominated with voting taking place in early November.

“Winning these awards makes us very proud. It makes us feel like we are developing The Forestias in the right direction. We don’t only want to develop a good project, we want it to be one of the best projects in the world,” Khun Kittiphun Ouiyamaphun, MQDC Senior Vice President, proclaims.

SC Asset, winner of Developer of The Year Thailand 2020 and the Thailand People’s Choice Award for Project of the Year 2019, earned a pair of honors in 2021 for their work in the housing sector. Notable developer winners include Pieamsuk Property Development and Navarang Asset while Nichada Group of Companies was named Best Lifestyle Developer.

Developer of The Year Thailand 2021 –
MQDC

Dot Property Thailand Awards 2021 developer winners:

Best Boutique Developer (Luxury Villas) – Dynasty Development

Best Lifestyle Developer Koh Samui – SGQ DESIGN AND CONSTRUCTION COMPANY

Best Boutique Housing Developer Phuket – Zenithy Development

Best Boutique Developer Koh Samui – LDR Group

Best Housing Developer – Pieamsuk Property Development

Best Developer Residential High-Rise – Navarang Asset Co

Best Lifestyle Developer – Nichada Group of Companies

Best Breakthrough Developer Phuket – Andaman Asset Solution

From right to left – Mr. James Claassen, Dot Property Group General Manager; Khun Kittiphun Ouiyamaphun, MQDC Senior Vice President; Khun Nares Washirapantsakul, MQDC Vice President; Khun Ruedeekorn Onsawat, MQDC Senior Vice President Marketing & Branding; Mr. Robert Collins, Savills Thailand Chief Executive Officer

In the project categories, Raimon Land once again proved its expertise in creating upscale developments by winning Best Luxury Condominium Bangkok for the second time with Tait Sathorn 12 honored.

Life Sathorn Sierra from AP and Noble Form Thonglor from Noble Development were among the other notable Bangkok projects to win in 2021. Outside of the capital, Andaman Asset scored three awards for its work in Phuket while Santi Pura Villas was named Best Villa Architectural Design Koh Samui.

Thailand People’s Choice Award for Project of the Year 2021 –
The Forestias

Dot Property Thailand Awards 2021 project winners:

Best Green Development – The Forestias from MQDC

Best Innovative Development – The Forestias from MQDC

Best Sustainable Residential Development – The Forestias from MQDC

Best Luxury Housing Development – Grand Bangkok Boulevard East Rama 9 from SC Asset

Best New Launch Villa Development – Bangkok Boulevard Donmueang – Chaengwatthana from SC Asset

Best Luxury Condominium Bangkok – Tait Sathorn 12 from Raimon Land

Best New Launch Condominium Bangkok – Noble Form Thonglor from Noble Development

Best Affordable Condominium Bangkok – Life Sathorn Sierra from AP (Thailand)

Best Villa Architectural Design Koh Samui – Santi Pura Villas from LDR Group

Best Boutique Housing Development / Eastern Seaboard – The Plantation Estates from Base Real Estate

Best Luxury Condominium Eastern Seaboard – Arom Wongamat

Best Luxury Villa Development Phuket – Anchan Hills from Pearl Island Property

Best Urban Lifestyle Development Phuket – The Residence from Andaman Asset Solution

Best New Launch Villa Phuket – The Victory from Andaman Asset Solution

Best Luxury Townhome Phuket – The Residence from Andaman Asset Solution

Best Affordable Housing Development Hua Hin – The Village from Boontani36

Thailand’s Best Real Estate Agencies 2021 featured six winners from across the country. Phuket’s Coldwell Banker SEA Property, Pattaya’s PBRE Real Estate and Bangkok’s Shinyu Real Estate were a few of the firms honored.

Thailand’s Best Real Estate Agencies 2021

PBRE Real Estate

Pearl Property Pattaya

Shinyu Real Estate

CMP Realty

Coldwell Banker SEA Property

Forbest Properties

Khun Korn Narongdej, Chief Executive Officer of Raimon Land

“Sustainability and innovation are extremely important for the real estate sector and this year’s winners are leading the way. These efforts have been recognized both from within the industry and outside of it as we see The Forestias winning Thailand People’s Choice Award for Project of the Year 2021,” Adam Sutcliffe, Dot Property Group Director, Events and International Markets, says. “Despite facing challenges related to the pandemic, all 30 winners displayed resiliency and helped carry the property market forward during a difficult year.”

The Dot Property Thailand Awards 2021 would like to thank Savills Thailand and their CEO Robert Collins for serving as official Awards Consultants. A special mention also goes to official venue partner Park Hyatt Bangkok and VIP Transportation provider Mercedes-Benz Primus Autohaus for their continued support.

For more information on the Dot Property Awards, please visit
www.thailand-property.com/events


Swan Lake Residence empowers residents to connect with nature in Thailand’s beautiful Khao Yai

Best Green Development – Swan Lake Residence Khao Yai

Thailand’s Khao Yai region is well known for its wondrous natural beauty. But only one project has captured the true spirit of the region’s amazing verdant spaces while allowing residents to reconnect with nature. That project is Swan Lake Residence, winner of Best Green Development at the Dot Property Thailand Awards 2022.

What makes Swan Lake Residence such an outstanding green development is the amount of care that went into crafting a place that feels like an extension of the surrounding landscape. From outdoor seating areas and trails to the swans and fish that call the area home, this is a celebration of all nature’s glory.

“What we have tried to do in the past is put nature back into the world around us. I’ve always believed we need to be reconnected to nature and as a project developer, I want to give that space back to our clients,” Khun Rena Udomkunnatum, CEO at Elysian Development, details. “A lot of effort has been made in that regard. We’ve planted a lot of trees and created lakes so that we could rebalance nature. That means our residents can actually live as part of nature.”

However, Swan Lake Residence is only one element of this outstanding mixed-use estate. Up next for the developer is perhaps Thailand’s most anticipated hotel opening of 2022.

“This is a very exciting time because we are opening the InterContinental Khao Yai. It is designed by Bill Bensley, the famous architect, and it welcomed guests in September. It features a train-themed concept that’s very unique to Khao Yai and we’re really, really looking forward to that,” Khun Rena noted.

Through its commitment to cultivating the relationship between people and nature, Swan Lake Residence has truly earned its honor as Best Green Development. But that is only one part of a development that is elevating Khao Yai real estate to a whole new level.


Take a sneak peak inside Phuket’s most luxurious villas

Outstanding designs, top-quality materials and a desirable location were just a few of the reasons Botanica Luxury Villas won Best Luxury Villa Development Phuket at the Dot Property Thailand Awards 2019. Here’s your chance to go inside one of Thailand’s most acclaimed villa projects and learn more about the developer behind it.

This story on Botanica Luxury Villas was in the latest issue of Dot Property Magazine.
Click here
 to read it in full!

At the heart of Botanica Luxury Villas is a unique design that encompasses the artistic vision of the renowned architect Khun Attasit Incharooti of AAP Architecture Co Ltd. who is also the Owner and CEO of Botanica Villas. Each villa combines unmatched functionality with the tropical beauty that Phuket is known for.

The result is a luxurious residence that is also extremely livable. Each villa is centred around a stone tiled, infinity-edged swimming pool that embodies the feeling of paradise. The residences also feature free-flowing floor plans that are capped by a vaulted ceiling and are framed by concertina glass doors.

The interiors transition seamlessly into a covered terrace area that is equipped with four wooden based columns to compliment the wooden clad pitched roof. It’s a signature feature of the villa and ensures all spaces feel interconnected. Every detail at Botanica Luxury Villas has been meticulously considered by the award-winning design team to provide an elegant background while in Phuket.

A look at the interior design of Botanica Luxury Villas

Botanica Luxury Villas offers the very best experience in relaxation and residential grandeur. The beauty of the estate is matched in quality by the functionality found beneath the wonderful exterior. The integrated indoor and outdoor living spaces have been specifically crafted to adhere to Phuket’s tropical climate. Every material has been selected because it can shine in an island environment.

It is an ideal place for personal or family vacations. And the one-of-a-kind design is sure to attract visitors from around the world while you’re away bringing in a nice return on your investment.

An address in paradise

Owning one of the most desirable addresses in Phuket, Botanica Luxury Villas can be found in the Bangtao/Laguna neighbourhood of Phuket. The development is hidden behind a grand mountain stone wall, ensuring an added level of privacy. The hidden location doesn’t mean it is far away from civilisation. The development is only minutes away from some of the island’s most popular destinations.

Botanica Luxury Villas use only the best fittings and fixtures

The seemingly never-ending white sands of Bangtao Beach are a short drive from Botanica Luxury Villas. Additionally, the Laguna resort complex is full of amazing restaurants, recreational opportunities, shops and a golf course that can also be found nearby.

The area around Botanica Luxury Villas is seeing a lot of new development as well. An example of this Porto de Phuket, an upscale shopping complex from Central Group, which is expected to open later this year. It will be the first luxury-shopping complex in this part of Phuket.

In addition to international restaurants, a department store and plenty of branded shops, Porto de Phuket will host playgrounds, beauty spas and dedicated areas for pets. There is also a space reserved for local products. Central Group believes at least three million tourists will visit Porto de Phuket every year, which would immediately make it one of the most popular shopping malls in Phuket.

Find the right phase for you

Botanica Luxury Villas is just one of several phases being developed by Botanica Villas. Each phase, all of which has been carefully designed by Khun Att and his talented team, boasts unique features ensuring you can find the perfect villa.

The courtyard is the centrepiece of each villa with everything flowing towards it

An example of this can be found at Botanica Bangtao Beach, the fifth phase of Botanica Villas. By utilising the architectural knowledge of Khun Att, this phase feels like a sanctuary of pristine beauty and tranquillity with the nearby mountains serving as a stunning backdrop.

The villas have been decorated using world-class products and cutting-edge technology ensuring a villa that is equal parts beauty and convenience. And with only 11 residences, Botanica Bangtao Beach is a truly exclusive development.

Botanica The Nature, the eighth phase, and Botanica Lakeside, the ninth phase, offer peaceful living that takes advantage of some of Phuket’s best green spaces. The spacious villas in each phase are designed to maximise the natural beauty around. This makes each phase a wonderful retreat from the city.

Phase seven, Botanica The Valley, is situated next to Laguna and has a few exclusive features in addition to meeting the developer’s unwavering standards on quality. Villas inside Botanica The Valley have a 360-degree panoramic sunset view with sublime overlooks of the nearby scenery.

Each villa development features a Botanica community that includes services such as 24-hour security, CCTV, an automatic key card system and an innovative underground electric cable setup, that ensures that the development is always immaculately presented and landscaped.

An exclusive investment

Botanica Luxury Villas in the evening

Residences at Botanica Luxury Villas have recently been completed and are now ready for occupancy. The award-winning development offers world-class facilities along with a professional rental management service. Together they will take care of the property and make it ready for guests.

This includes the handling of short-term rentals. Investors who participate in this program will receive a guarantee return of five percent for five years.

Botanica Luxury Villas Facts

Developer:
AAP Architecture Properties & Development

Type:
Villas

Architect:
Khun Attasit Intarachooti (Master plan, concept and details)

Location:
Moo 6, Chengtalay Sub-district, Thalang District, Phuket Province, Thailand

Launch:
January 2017

Expected completion:
December 2020

Total number of units:
21 Villas

Title:
Freehold & Leasehold

Facilities:
Reception, office and café

Sales office contact:
+66 (0)  98 394 7097

Email:
[email protected]

Website:
www.botanicavillasphuket.com


Taking a look at the HCMC property market to start 2020

Akari City is one of several exciting HCMC property projects to have launched last year

Savills Vietnam recently released its market brief for both Ho Chi Minh City and the findings showed Vietnam’s impressive macroeconomic indicators continue to support the excellent performance of the property market in the city. A 16 percent increase in international arrivals has also benefited the real estate sector.

Total apartment unit sales were down in HCMC year-on-year, but absorption reached a five-year high of 88 percent as demand remains strong.
Savills Vietnam
 is expecting 57,000 apartment units to be launched in 2020, up from the estimated 35,000 that hit the market last year. A total of 108 projects are set to be launched between now and 2020,
according to the consultancy’s report
.

Notable HCMC property developments

One of the most impressive HCMC property developments to launch last year was Akari City. Designed as a multi-purpose residential city, the project features renovated and upgraded apartments; shopping and dining outlets; an education area; a healthcare center; gardens and landscaped areas; and an amusement park.

Akari City was inspired by Japanese architecture, design and planning in order to create a residential zone that is both exclusive and secluded from the hustle and bustle of HCMC. Savills Vietnam was appointed as the official sales agent for international buyers at Akari City.

Click here to see units in Akari City

Another interesting residential project in HCMC is De La Sol from CapitaLand Vietnam. The stylish development is located in District 4 of HCMC, an area that has grown in popularity as it offers easier access to District 1 than other upscale residential locations such as District 7. Additionally, De La Sol features high-end amenities and luxurious units that cater to the needs of the modern resident.

Click here to see units in De La Sol

This year will be an interesting one for the HCMC property market. Those considering a real estate purchase or investment are urged to work with a trusted partner, such as Savills Vietnam, to ensure a transparent and straightforward experience.


Taking a look at the possible returns of Pattaya property investment

One frequently asked question many property investors have is just what can they expect in terms of return on investment. Especially in a place like Pattaya where the market has recorded both ups and downs during the past few years.

Perhaps no one is as well suited to answer this question than Ekaterina “Kate” Okisheva, Managing Director at Invest East Property. Her agency has assisted countless clients, helping them find investment properties along Thailand’s Eastern Seaboard.

Among the investors the team at Invest East Property has worked with, many happen to be based overseas. They usually want a property that can be used for holidays and then rented out. Today, Kate shares a real life example of possible Pattaya property investment returns.

Preparing for retirement

In 2012, an Invest East Properties customer from Russia purchased an off-plan unit in the Grande Caribbean condominium complex near Pattaya’s Jomtien Beach. The investors had just turned 50 and wanted an apartment she could visit a few times a year and then rent out while she was away. Her end goal was to eventually retire in Thailand, and the property would help achieve this.

The following year she jumped into the market further, acquiring two apartments in a New Nordic Group development that provided hotel management and guaranteed rental returns of 10 percent. She planned on these properties being used exclusively for investment.

She wound up selling one of these units in 2015 to fund other investments and Kate noted the deal was closed very quickly. This year, the investor decided to sell her unit in Grande Caribbean and opted to purchase another property in a New Nordic development. Here is what her total investment looks like:

Income from Pattaya property investment sales:

THB1.2 million

Rental returns from Pattaya property investment:

THB1.6 million – original New Nordic investment (84 months)

574,999 THB – second New Nordic investment (30 months)

THB504,000 -Grand Caribbean unit

THB112,500 – most recent New Nordic purchase (8 months)

This comes out to a return of a little more than THB4 million over seven years on investments of THB6.89 million, or roughly eight percent annually. Kate believes this shows it is possible for anyone to have success when it comes to Pattaya property investment if they work a skilled agency such as Invest East Properties.

“The most important part of this story is that our client was satisfied with her life and was able to provide herself with a solid source of income through Pattaya property investment,” Kate points out. “At Invest East Property, we view this as a success story for us as well. We worked together with this customer to ensure she was completely satisfied.“

For more information about how Invest East Property can help with Pattaya Property investment please contact Kate by calling +6682-211-8894 or via e-mail at
[email protected]


The tallest buildings in Cambodia: here’s what you need to know

Cambodia may not be the first place that springs to mind when you think about skyscrapers, but they are arriving in Phnom Penh. The skyline still remains relatively modest when compared to other Southeast Asian capitals, however, the past decade has brought with it several skyscrapers. A few developers have announced plans for new towers that can politely be described as outlandish, but just may join the list of the tallest buildings in Cambodia one day.

The Tallest Buildings in Cambodia

Vattanac Capital

Mixed-use

Location:
 Phnom Penh, Cambodia

Height:
 187 meters (613 feet)

Completed:
 2014

Vattanac Capital is the most impressive modern building in Cambodia and has shown just how far the country has developed. The impressive mixed-use development boast Grade A office space in addition to the Rosewood Phnom Penh hotel. The design is claimed to look like a dragon’s back and the building utilizes elements of feng shui and traditional Naga motifs. There is also a unique observation space that extends away from the building to create a dramatic outline.

Read more:

Rosewood Phnom Penh offers the city’s best views

Sky Villa

Residential

Location:
 Phnom Penh, Cambodia

Height:
 139 meters (456 feet)

Completed:
 2020

Once finished later this year, Sky Villa will actually be the second and third largest buildings in Cambodia. The twin tower, residential development is bringing luxury living to Phnom Penh with extra-large units and a host of 5-star amenities including a rooftop swimming pool on the highest levels. Taiwanese architect Chu-Yuan Lee, the man behind Taipei 101, worked on Sky Villa meaning it will certainly be among the best looking in Southeast Asia.

Thai Boon Roong Twin Tower Trade Center

Thai Boon Roong Twin Tower Trade Center

Mixed-use

Location:
 Phnom Penh, Cambodia

Height:
 561 meters (1,843 feet)

Expected Completion:
 TBD

Thai Boon Roong Twin Tower Trade Center were first launched in 2016 and would surpass the Petronas Twin Towers as the world’s largest twin towers if completed. Notice the word “if” in that sentence. The project has already been delayed multiple times and most models look like something straight from the computer game Sim City 2000. The last updated from the developer was in 2019 when they said the project was still on but wasn’t sure when construction would begin.


What are the tallest buildings in Malaysia?

When most people think of the tallest buildings in Malaysia, the Petronas Twin Towers immediately comes to mind. The iconic towers have long been the standard bearer for tall buildings in Asia. However, they have since been topped by another skyscraper that is now the country’s tallest building. Malaysia has a rich history when it comes to skyscrapers with a few new projects set to join some familiar buildings.

The tallest buildings in Malaysia

Tallest Building

The Exchange 106

Office

Location:
 Kuala Lumpur, Malaysia

Height:
 492 meters (1,614 feet)

Completed:
 2019

The Exchange 106 is now Malaysia’s tallest building, surpassing the world-famous Petronas Twin Towers. The 106-floor office tower is the centerpiece of Tun Razak Exchange, a 70-acre complex that will soon become Kuala Lumpur’s new CBD as well as Malaysia’s International Financial District. Tun Razak Exchange won Best Integrated Development at the Dot Property Southeast Asia Awards 2019.

Tallest Residential Building

The Astaka

The Astaka

Residential

Location:
 Johor Bahru, Malaysia

Height:
 278.9 meters (915 feet)

Completed:
 2018

The Astaka is the tallest skyscraper in Johor Bahru and is among the most notable projects in the Iskandar special economic zone. The project features 438 luxury suites and penthouse duplexes with each residence outiffted with Gaggenau and Bosch Appliances in addition to Hansgrohe bathroom fittings. There are actually two towers at The Astaka. The 70-story one listed here, and a second one that has 65 stories.

Tallest Hotel Building

Four Seasons Place Kuala Lumpur

Four Season Place Kuala Lumpur

Hotel

Location:
 Kuala Lumpur, Malaysia

Height:
 342 meters (1,124 feet)

Completed:
 2018

Four Seasons Place Kuala Lumpur holds a number of distinctions. It’s the tallest hotel building in both Malaysia and Southeast Asia as well as being the third tallest hotel in the world. Located next to Petronas Twin Towers, the project initially received some flak for blocking views of the iconic office skyscrapers. The hotel itself is breathtaking, providing all the luxury you would expect to find from the Four Seasons brand. A limited number of Four Seasons branded residences can also be found in the skyscraper.

The Iconic Skyscraper

Petronas Twin Towers

Petronas Towers

Office

Location:
 Kuala Lumpur, Malaysia

Height:
 452 meters (1,483 feet)

Completed:
 1998

The easily-identifiable Petronas Twin Towers are synonymous with Kuala Lumpur and were the tallest buildings in Southeast Asia for more than a decade. They were also the tallest buildings in Malaysia up until last year when they were surpassed by The Exchange 106. The office buildings each have 88 floors with state-owned oil and gas company Petronas occupying one tower. The other tower is leased to a host of businesses.

KOMTAR Tower

The Unique Skyscraper

KOMTAR Tower

Office

Location:
 Penang, Malaysia

Height:
 249 meters (816 feet)

Completed:
 1985 (renovated 2015)

The KOMTAR Tower in George Town on the island of Penang is outside the top ten of the tallest buildings in Malaysia and would be dwarfed in Kuala Lumpur. However, it’s not located there. It is in Penang where it has towered over the skyline there for decades and remains the tallest building on the island. It is home to government offices in addition to retail space. KOMTAR underwent massive renovations in 2015 that added several new floors which contain the highest glass skywalk in Malaysia along with some other tourist attractions.

The Future

Merdeka PNB 118

Merdeka PNB 118

Mixed-use

Location:
 Kuala Lumpur, Malaysia

Height:
 656 meters (2152 feet)

Expected Completion:
 2021

Merdeka PNB 118 will be the new tallest building in Malaysia when it’s completed in 2021. Standing at 118 stories, the tower will have office space, a shopping mall, a Park Hyatt hotel and hotel residences along with the obligatory observation deck. Most of the office space will be occupied by Permodalan Nasional Berhad (PNB), the state-backed investment fund. Work on the tower began in 2014 and building on the 100
th
 floor took place in January of this year.


Here are the tallest buildings in Indonesia

A number of the tallest buildings in Indonesia are either under construction or in the planning stages. These could dramatically alter Jakarta’s skyline in the next decade. Nearly all of the country’s skyscrapers are found in the capital or the nearby suburb of Tangerang with a few tall towers located in Surabaya, Indonesia’s second largest city.

The Tallest Buildings in Indonesia

Gama Tower

Gama Tower

Mixed-use

Location:
 Jakarta, Indonesia

Height:
 288 meters (947 feet)

Completed:
 2016

Gama Tower opened in 2016 amid much fanfare. The skyscraper is divided into two distinct zones. A Westin Hotel is situated on floors 50-69 while the rest of the building is dedicated to office space. Gama Tower’s most notable tenant is Grab as the ridesharing company bases their Indonesia operation here.

46 Wisma

Office

Location:
 Jakarta, Indonesia

Height:
 261 meters (860 feet)

Completed:
 1996

Wisma 46 is one of the tallest buildings in Indonesia

It’s remarkable to think 46 Wisma is almost 25-years old. It remains one of the most iconic buildings in Indonesia thanks to a unique design that looks a bit like a fountain pen depending on who you ask. When 46 Wisma opened in 1996, it was not only the tallest building in Indonesia, but was among the tallest in the entire southern hemisphere although it has since been passed on both fronts.

The Pakubuwono Signature

Residential

Location:
 Jakarta, Indonesia

Height:
 252 meters (827 feet)

Completed:
 2014

The Pakubuwono Signature

At the moment, The Pakubuwono Signature remains the tallest residential building in Indonesia. However, there are a few projects under construction that will likely surpass it when they are completed a few years from now. The skyscraper features a range of contemporary luxury apartments and the development was one of the first condominiums in Jakarta to incorporate resort-style amenities.


What are the tallest buildings in Singapore?

While other cities in Southeast Asia are building higher and higher, the tallest buildings in Singapore aren’t so tall. That’s because the maximum allowable height for buildings in
Singapore
 is 280 meters. Districts, such as the Downtown Core, are located under the flight path of the nearby Paya Lebar airbase and this necessitated the need for height regulations. The airbase is set to relocate in 2030 and the move could bring with it a new wave of skyscrapers to Singapore.

Tallest Buildings in Singapore

Guoco Tower

Guoco Tower

Mixed-use

Location:
 Tanjong Pagar, Singapore

Height:
 290 meters (952 feet)

Completed:
 2016

While its height is relatively modest compared to the tallest buildings elsewhere in Southeast Asia, Guoco Tower is tops in Singapore at 290 meters. The development is a true mixed-use facility with everything from office space to a hotel spread across the building’s 68 stories. Guoco Tower is home to the Sofitel Singapore while the luxurious Wallich Residence span the 39th to 64th floors. Billionaire inventor James Dyson purchased the penthouse in this skyscraper, spending a cool SGD73.8 million (USD53 million) for the honor.

UOB Plaza One

UOB Plaza 1

Office

Location:
 Downtown Core, Singapore

Height:
 280 meters (920 feet)

Completed:
 1992

One Raffles Place Tower 1

Office

Location:
 Downtown Core, Singapore

Height:
 280 meters (920 feet)

Completed:
 1986

Republic Plaza

Office

Location:
 Downtown Core, Singapore

Height:
 280 meters (920 feet)

Completed:
 1995

One Raffles Place is among the tallest buildings in Singapore

A trio of skyscrapers now sit in a three-way tie behind Guoco Tower in the tallest building rankings for Singapore. These three office buildings are all the same height and were completed within ten years of each other. They also sit side-by-side in Singapore’s Downtown Core meaning you don’t have to go far to see them all.

Skysuites @ Anson Enggor Street / Altex

Skysuites @ Anson Enggor Street

Residential

Location: Tanjong Pagar, Singapore

Height: 250 meters (820 feet)

Completed: 2014

Just around the corner from Guoco Tower are Skysuites @ Anson Enggor Street and Altex, Singapore’s tallest residential buildings. Despite being exactly the same height and located next to each other, the two towers were built by different developers meaning each one is unique. Allgreen, the property arm of major Singaporean conglomerate Kuok Group, developed Skysuites @ Anson Enggor Street which has 72 stories and 360 units. On the other hand, Altez is only 62 stories and is less dense with 280 units.


Where are the tallest buildings in Thailand?

There is no shortage of skyscrapers in Thailand. They come in all shapes and uses as developers look for ways to launch projects that are unique and tall. Most of the tallest buildings in Thailand can be found in Bangkok. The expansion of Bangkok’s Skytrain and MRT public transportation routes has seen skyscrapers pop up alongside these lines over the past few years instead of being clustered in specific areas.

Additionally, some developers have opted to build towers close to the Chao Phraya River where cheaper land prices allowed them to be more grandiose when it comes to size and facilities.

See the tallest buildings in Thailand

Tallest Building

Magnolias Waterfront Residences

Residential

Location:
 Bangkok, Thailand

Height:
 318 meters (1,043 feet)

Completed:
 2018

The 70-storey Magnolias Waterfront Residences is now the tallest building in Thailand with its 379 residential units providing residents with some breathtaking views of the Chao Phraya River as it winds through Bangkok. The superluxury residential tower is part of the much-hyped ICONSIAM complex, which is also home to The Residences at Mandarin Oriental, the fifth tallest building in Thailand. Unlike some other Bangkok skyscrapers, the design of Magnolias Waterfront Residences is relatively plain and the project isn’t as well-known as some other tall towers in the Thai capital.

The Icon

King Power MahaNakhon

King Power MahaNakhon

Mixed-Use

Location:
 Bangkok, Thailand

Height:
 314 meters (1,030 feet)

Completed:
 2016

While Magnolias Waterfront Residences surpassed King Power MahaNakhon in height by four meters, the latter has become a Bangkok icon thanks to a unique design – which is supposed to capture the look of pixilation – and multitude of features. These include Thailand’s first Ritz Carlton Residences, an Orient Express hotel and a rooftop observation deck. King Power MahaNakhon is visible throughout Bangkok with its unique façade making it easily recognizable to both locals and visitors alike.

Tallest Hotel

Baiyoke Tower II

Baiyoke Tower II

Hotel

Location:
 Bangkok, Thailand

Height:
 309 meters (1,014 feet)

Completed:
 1999

Now 20-years old, Baiyoke Tower II was among the first wave of skyscrapers to appear in Bangkok during the aftermath of the 1997 Asian Financial Crisis. The 88-story hotel cuts a somewhat lonesome figure as the tower rises from its surroundings outside the central business district. Baiyoke Tower II remains the tallest hotel in Southeast Asia and room rates are surprisingly affordable, but access to other facilities, such as the 360-degree revolving roof deck, will cost you.

The One

One Bangkok

The centerpiece of One Bangkok will be one of the tallest buildings in Thailand when completed

Mixed-Use

Location:
 Bangkok, Thailand

Height:
 436 meters (1,431 feet)

Expected completion:
 2025

One Bangkok is a mixed-use development that will be home to five grade A office buildings, five luxury and lifestyle hotels, four retail and leisure centers, three ultra-luxury residential towers, civic areas and a lot more. The project’s signature tower will be Thailand’s tallest building once completed in 2025. Work has begun on the project although details remain scarce. The 436-meter skyscraper is expected to have office space and a hotel as well as some retail facilities.

The Future

Grand Rama 9 Tower

Mixed-Use

It remains to be seen if work will start on Grand Rama 9 Tower

Location:
 Bangkok, Thailand

Height:
 615 meters (2,018 feet)

Expected completion:
 TBD

Despite first being announced in 2014, work has yet to begin on the Grand Rama 9 Tower in Bangkok that would be one of the tallest skyscrapers in the world when finished. Plans call for a 6-star hotel, a lot of office space and an observation deck. The project’s original developer, Grand Land, was purchased by the property development company owned by retail giant Central Group in 2018. The firm is expected to relaunch Grand Rama 9 Tower in the near future with the originally planned height still intact.

The Outsider

Reflection Jomtien Beach Pattaya

Residential

Reflection Jomtien Beach Pattaya

Location:
 Pattaya, Thailand

Height:
 234 meters (768 feet)

Completed:
 2013

Reflection Jomtien Beach Pattaya is the tallest building outside of Bangkok. Constructed during the Pattaya property boom of the early 2010s, the project dominates the Jomtien Beach area of Pattaya. Despite standing 55 stories, Reflection Jomtien Beach Pattaya only has 102 units as Major Development, the company behind the project, opted for a low-density approach. This allows the residences to have several unique design features, like floor-to-ceiling windows, that maximize views.


Tallest tower takes shape

Hsin Chong Construction Group has been appointed as Construction Manager for the Thai Boon Roong Twin Tower World Trade Center Project in Cambodia.

Being developed by Sun Kian Ip Group and Thai Boon Roong Group, located on the bank of the Mekong River in the capital city Phnom Penh, the Twin Tower will reach 500 metres (133-storeys) when completed, making it Cambodia’s and Southeast Asia’s tallest building, as well as one of the world’s tallest buildings.

Ir Paul Lee, Managing Director of Hsin Chong Construction and Augustine Tang, Director of HCC, signed the contract in Phnom Penh recently.

“We are honoured to be chosen to deliver this landmark project for Cambodia, which has been earmarked as an important commercial and residential facility. We will be applying the strengths and experience we have in constructing large-scale integrated projects in Hong Kong and Macau to provide the best solutions and a high-quality product for our client,” said Ir Lee.

As Construction Manager for the project, Hsin Chong will be responsible for coordination and supervision of works contractors, programme control, commercial advice, monitoring safety and quality control, managing site logistics, as well as coordinating with consultants and the local authorities.

The project includes four residential buildings of 59 to 65 storeys, an 11-storey podium structure with three levels of basement, and another three levels of basement under the existing Hun Sen Plaza in front of the Twin Towers. The Thai Boon Roong Twin Tower World Trade Center Project will accommodate facilities such as hotel, service apartments, offices, shopping mall, an exhibition hall, stock exchange trading hall, cinema, restaurants and basement carpark. The planned land area is more than 86,000 sqm and the gross building area is around 1.615 million sqm.

Work is reported to have started on the US$ 3 billion project and completion will be in five years.


Teka to sponsor Awards

Dot Property Group’s
 Awards, showcasing the ‘Best of the Best’ Residences, Serviced Apartments and Serviced Offices throughout Southeast Asia is pleased to revealed that kitchen and bathroom appliance company, The Teka Group, will be sponsoring this year’s Awards.

The Teka Group
 is a multinational company founded in Germany in 1924 and engaged in the manufacture and commercialization of kitchen and bath products, ceramic glazes, industrial containers and professional kitchens.

It currently boasts 25 factories across three continents that enables it to market its products in more than 110 countries, and serve more than 100 million consumers worldwide.

Alexander Kunz, Area Manager for Asia and Managing Director for
Teka
 Thailand, was delighted with the opportunity to be involved with
 Dot Property Group’s
 Awards
.

He said: “Exposure to property developers throughout Southeast Asia by sponsoring these Awards will enable us to raise our brand awareness with this important market, and show exactly how we want to be associated with the ‘Best’ projects.

“Being the best in our own field it only seems natural to be involved with this exciting project.”

Alva Horgan, Managing Director of International Markets for
Dot Property Group
, said: “To have a company with the reputation of
Teka
 involved in our
’Best of the Best’ Awards
 is testament to the sheer quality and integrity we are achieving.”

She added that discussions are ongoing with other potential sponsors, and that any interested companies should express their interest before the closing date on August 31.

The
Dot Property Group
‘s ‘Best of the Best’ Awards
will reward the ‘Best’ Residences, Serviced Offices and Serviced Apartments throughout Southeast Asia.

Recipients of the accolade will be revealed online on October 1 and appear in the second edition of
Dot Property Group
‘s regional print magazine.

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

For more information about The Teka Group visit
www.teka.com
 or email
[email protected]

#DotPropertyAwards


Here are the Thai developers who have joined the Elite Flexible One program

At the start of this year, Thai Privilege Card launched the Elite Flexible One scheme to help stimulate overseas demand for real estate in the Kingdom. The program provides anyone who purchase properties worth THB10 million with a five-year, multiple-entry visa.

There are a few things to note before joining the Elite Flexible One scheme. Firstly, only approved properties from select developers are eligible. And while the THB10 million can be invested in multiple units, you can only buy with one company. Secondly, you cannot sell, transfer or mortgage your property for five years. This information needs to be verified annually to show the unit(s) is still in your possession.

The Elite Flexible One program has a few positives worth mentioning as well. For starters, you don’t need to be physically located in Thailand to complete the transaction. Additionally, the scheme is retroactive to March 2020. That means if you purchased a unit in any approved development, it may be possible to receive a visa assuming you meet the other criteria.

Several of Thailand’s most notable developers have since signed up for Elite Flexible One program. Let’s take a look at them.

Raimon Land

Raimon Land was the first developer in Thailand to join the Elite Flexible One program and the firm has listed three projects. Units purchased The Lofts and
The Diplomat 39
 are eligible. Originally residences in
The River
 were also part of the program, but
Raimon Land
 revealed
that condominium sold out earlier this year
.

Related:

Raimon Land wants to make Bangkok condos more attractive to foreign buyers

AP Thailand

AP Thailand
 has placed eight projects into the scheme–five under its Life brand and the other three being Aspire developments. The most notable condominium listed by AP is the upscale
Life One Wireless
 in Central Bangkok.

Ananda Development

Ananda Development has seven eligible projects in the Elite Flexible One program. The homebuilder’s offerings feature mid-range and high-end developments including
Ashton Asoke
,
Ashton Residence 41
 and
Ideo Q Sukhumvit 36
.

Sansiri

Khun By YOO Thong Lo, one of Sansiri’s signature projects, qualifies for the visa scheme.
This ultraluxury condominium has been branded by famed design firm YOO
 who worked hard to create something truly special.
Sansiri
 has a total of six developments in the program. This list is comprised of
XT Ekkamai
, XT Huaukwang and Oka Huan Sukhumvit 36 in Bangkok as well as The Best Central Phuket and La Habana Hua Hin in addition to Khun By YOO Thong Lo.

SENA Development

There are four projects from SENA Development in the Elite Flexible One scheme. Niche MONO Sukhumvit Bearing,
the first project under a joint venture arrangement between the developer and Japanese property firm Hankyu Realty
, is in the program along with Niche Pride Taopoon-Interchange. That condominium is best known for having facilities spread across 30 floors.

Related:
Niche Pride Taopoon-Interchange is revolutionizing facilities in Asia one story at a time

Other developers in the Elite Flexible One program

A total of 13 developers have signed up with the Elite Flexible One program with projects currently available in Bangkok, Phuket, Hua Hin and Chiang Mai. You can find the full list of participating companies and condominiums
here
.


Thai developers look to go way beyond the comfort of real estate

Sansiri CEO Khun Apichart Chutrakul has overseen the developer's diversification strategy

Thai developers haven’t been afraid to diversify their interests over the years. However, they have rarely left their comfort zones. Residential firms in the Kingdom have dipped their toes into hospitality or commercial real estate during the past decade in a bid to be less reliant on housing.

For example,
Sansiri began investing in hotel-brand The Standard five years ago and has since become the leading shareholder
. Major Development has an entire business unit dedicated to hotels and resorts. Ultimately though, most developers were hesitant to venture beyond the realm of real estate until recently. And even then, those plans were put on hold due to the COVID-19 pandemic.

“In the past, residential developers have diversified their strategy to cover all range of development projects, with some venturing into the condominium market, hospitality and retail,” Khun Rathawat Kuvijitrsuwan, Head of Research and Consulting, CBRE Thailand, said. “The impact of the pandemic on the real estate sector has been significant and to survive, residential developers have made huge efforts to clear their unsold inventory, put development projects on hold and reevaluate their strategies going forward. Many have decided the time is right to diversify into other industries outside of real estate.”

Khun Rathawat notes there are risks to this either way. Firms relying too heavily on property alone are at the mercy of the market while expanding into new areas comes with a massive set of challenges. For Many Thai developers, diversification is the better option.

“Now, real estate developers are once again extending their diversification strategies beyond their comfort zones, adding more offerings to their core businesses while lowering the risks of being too dependent on the real estate industry alone. They are adding the lifestyle components of real estate, such as health and wellness, food, and services to their portfolios,” Khun Rathawat reported.

Read More:

This real estate developer is building a forest in Bangkok

Singha Estate targets power generation and other unique areas

Singha Estate announced that it plans to integrate industrial estates, power generation, engineering services and other related businesses into its property operations as it looks to triple annual revenues over the next three years. The firm believes the strategic broadening of business will allow it to better capture new opportunities.

“The emergence of many extra-large-scale development projects in Thailand and Singha Estate’s integrated approach that combines hospitality, residential, commercial and industrial property development with power generation and related innovative services and businesses will give Singha Estate unrivalled advantages in capturing some of these huge, new opportunities,” Khun Thitima Rungkwansiriroj, Singha Estate Chief Executive Officer, said.

Read More:

Singha Estate lays out ambitious plans to grow its property business


Thai government urged to simplify foreign condominium ownership rules

Money transfer requirements have hindered foreign condominium ownership in Thailand

The Board of Trade of Thailand has called on the government to simplify foreign condominium ownership rules. In particular, the organization urged for current money transfer requirements to be improved.

Atip Bijanonda, Board of Trade of Thailand Vice Chairman, explained to the Bangkok Post that currently a foreign national is required to transfer money to Thailand from overseas in their own currency. Once that is done, the buyer must then declare or show a foreign exchange transaction certificate to the Lands Department.

Not only is the process complicated, but it puts foreigners who own a business in the Kingdom or are married to a Thai spouse at a disadvantage. This group is still required to produce a foreign exchange transaction certificate which means they have to transfer money out of the country and then back in to purchase a condominium unit.

“Many countries’ governments don’t care about inbound money transfers, but they do care about outbound moves,”
Khun Atip told the newspaper
. “The Thai government should amend this rule.”

Related:

The pros and cons of buying Thailand real estate right now

REIC also calls for changes to foreign condominium ownership rules

Earlier this year,
the Real Estate Information Center (REIC) announced that it wanted the government to implement targeted measures to encourage overseas property investment in Thailand
. The body noted that while it did not want to see an across-the-board increase of the condominium quota, improving foreign condominium ownership rules would benefit the real estate market as a whole.

“There is no need to increase condo ownership across the whole country. It is better to focus. We recommend individual projects have the right to increase their foreign ownership threshold, but only in certain areas of Bangkok, Chon Buri, Chiang Mai, Samut Prakan and Phuket,” Dr Vichai Viratkapan, REIC Executive Director, explained to the Bangkok Post. “The government’s goal should be to focus foreign buyer transactions in the higher price ranges. That would prevent foreign buyers from competing with domestic buyers.”


Thailand back in top five

Thailand property and real estate returned to the top five countries in a monthly ranking of most-searched investment destinations last month according to data released by a leading British-based overseas property website.

After sounding a warning last month that Thailand’s real estate and property developers need to be doing more in the face of increasing global competition, the Kingdom rocketed seven places last month to return to the top five most-searched locations on
TheMoveChannel.Com
’s ‘
Top of the Props
’ report.

Related News:
Thailand warned to “Shape up or miss out”

December was the first month since September 2015 that Thailand made in into the Top Ten list of popular locations, and claimed 4.08 percent of all searches during the month which is widely considered to be in the middle of the high season for both tourism and property purchases.

Elsewhere France flew up the international portal’s chart in December to become the second most popular country in the world. U.S. real estate remained the number one country on investors’ wish lists at Christmas, receiving the most enquiries from overseas buyers for the third month in a row. Its share of enquiries rose from 9.5 percent during November to 13.21 percent, as interest continued to grow bolstered by the improving economic picture.

Brazil also enjoyed rising interest among investors. As the country prepares to host the 2016 Summer Olympic Games, it rose two places to become the third most popular property destinatinon, knocking Portugal down one place into fourth and Spain and Turkey out of the top five altogether.

Dan Johnson, Director of TheMoveChannel, said: “Last year was the year in which buyers returned to Europe in force, with Spain dominating activity in the first half of the year and France wooing buyers in the second half.

“On a quarterly basis, the Top of the Props data paints a more accurate picture of the global market, highlighting the extent of European property’s appeal even during the quieter Christmas period.”

The full Top 40 most popular destinations on TheMoveChannel.com in December 2015 are below.


Thailand eliminates COVID-19 testing upon arrival for vaccinated visitors

Vaccinated arrivals to Thailand are no longer required to take a COVID-19

Thailand is scrapping COVID-19 testing for vaccinated arrivals and eliminating the entire Test & Go program on May 1 as the country looks to kickstart the tourism. Rules have also been relaxed for unvaccinated travelers, although both groups are still obligated to meet certain entry requirements.

The Thailand Pass program remains in place with all visitors required to register prior to arriving. For vaccinated tourists, they must upload proof of vaccination and an insurance policy with coverage of no less than USD10,000 in order to be approved for entry. This group is recommended to take an antigen COVID-19 test, but this will not be mandated by the Thai government.

Unvaccinated visitors must have the same level of insurance. However, this group has two options in terms of testing. First, they can provide proof of a negative RT-PCR test taken within 72 hours of travel. Those who choose this method are allowed to move around freely upon arriving. Second, they may choose to quarantine for five days and undergo an RT-PCR test on their fifth day in the country.

Read More:
Singapore eliminates most travel restrictions

This replaces the
Test & Go program
 which had required all travelers to take a RT-PCR test upon arrival and then spend one night in a certified hotel until receiving a negative result. The decision is seen as a key step for Thailand’s tourism sector.

“Test & Go will be scrapped and there will be a shift to antigen testing on May 1. This will be more convenient and faster for visitors. Tourism is also starting to recover,” Prime Minister Prayut Chan-o-cha told local media. “Many countries are easing travel restrictions significantly and our country depends considerably on tourism to support our economy.”

Those needing more information or wanting to submit their Thailand Pass documents can do so
here
.


Thailand and the Philippines are Southeast Asia’s most popular travel spots

Flight bookings to Southeast Asia are picking up, according to Travelport

The Philippines recorded the highest number of international flight bookings to Southeast Asia during the first quarter of 2022 followed closely by Thailand. Research from technology firm Travelport showed the region’s two most popular travel spots accounted for more than half of all bookings in the first three months of this year.

“For the first quarter of 2022, international flight bookings to Southeast Asia overall have increased and have showed upward trajectory with the Philippines taking the lead by achieving 42 percent of its international bookings in the first quarter of 2019 prior COVID-19 pandemic,”
Travelport noted
. “The Philippines and Thailand were among the earliest countries in Southeast Asia to reopen their borders, and travelers are already clamoring to visit.”

Manila, Singapore, Bangkok, Ho Chi Minh City and Jakarta were the top five destinations to visit. Individual travelers made up the majority of bookings with Travelport reporting this group has many different reasons to head to Southeast Asia.

“The top five countries traveling to Southeast Asia are the United States, United Kingdom, Australia, Saudi Arabia, and South Korea. Solo travelers made up 44 percent of international flight bookings for the first quarter of 2022 to date, by far the largest traveler segment, which may be comprised of returning business travelers, flexible tourists whose bags are packed the moment borders reopen, and Southeast Asian expats who are eager to return home without enduring a once mandatory quarantine,” Travelport explained.

The Philippines began welcoming travelers in early February
 with visitors only required to present a recent negative COVID-19 test along with proof of vaccination. Meanwhile,
Thailand scrapped COVID-19 testing for vaccinated arrivals and got rid of its Test & Go program at the start of May
. Singapore, Malaysia, Indonesia, Cambodia, Laos and Vietnam have all reopened their borders to vaccinated visitors which means most of Southeast Asia’s most popular travel spots are now open.


Thailand projects take center stage at the Dot Property Southeast Asia Awards 2020

Wyndham Garden Irin Bangsaray Pattaya won Best Condotel Development (Low Rise)

Thailand continues to lead Southeast Asia’s real estate industry and 2020 was no exception. Throughout the Kingdom, projects of all sizes are turning heads and attracting buyers. Here are four developments that took home honors at the Dot Property Southeast Asia Awards 2020.

Best Condotel Development (Low Rise) – Wyndham Garden Irin Bangsaray Pattaya

From an outstanding design to being backed by a world-class hotel brand, Wyndham Garden Irin Bangsaray Pattaya from Irin Property is setting the standard for condotel projects at the regional level. Wyndham Garden Irin Bangsaray Pattaya is close to the Bang Saray Beach along Thailand’s Eastern Seaboard, an up-and-coming destination. The property’s rooftop amenities make it the perfect place to watch sunsets over the Gulf of Thailand while each unit features a modern luxury style that caters to the unique needs of travelers.

Learn more about Wyndham Garden Irin Bangsaray Pattaya

Best Affordable Development (Hi Rise) – Modiz Sukhumvit 50

Modiz Sukhumvit 50
 offers residents the modern, hi-rise lifestyle people love at an affordable price point. There is an expansive amenities deck, automatic parking and a long list of upscale amenities. Each unit has been fitted with a number of cutting-edge features including a built-in audio system and control panel. Despite all this, developer AssetWise made sure Modiz Sukhumvit 50 remained affordable ensuring the good life could be enjoyed by anyone.

Best Affordable Condominium (Low Rise) – Andaman Riviera Condominium

Andaman Riviera Condominium is an exciting residential development in Phuket providing excellent value for money. It boasts spacious units featuring modern designs that appeal to all types of property buyers. Andaman Riviera Condominium has all the amenities you would expect to find at a resort condominium project as well. All of this is available at a very reasonable price.

See units for sale in Andaman Riviera Condominium

Best Villa Development Sustainable Design – Riverhouse Phuket

Featuring an ambitious design equipped with numerous environmentally friendly touches, Riverhouse Phuket has elevated sustainability in Southeast Asia. For starters, each unit comes with integrated solar panel systems that are all connected to a single grid that maximizes efficiency, a first for a residential development in Thailand. Other innovations at Riverhouse Phuket include a unique dehumidifier system that keeps residences free of fungus and smells without needing to use air conditioning.

Explore Riverhouse Phuket