Thailand’s Eastern Seaboard has changed dramatically over the past two years. This was, of course, out of necessity. Losing international tourists meant the region needed to focus on creating sustainable support that would allow it to survive the loss of what had been its primary economic driver.

Nowhere is this more evident than
Pattaya
. It has gone from being the seedy town Bangkokians chuckled at to a family-friendly destination where they wish to own a second home. The city’s transformation has been impressive.

So, what does all this mean for Pattaya condo investment in 2022? Let’s answer some key questions about the market and checkout two projects on the opposite ends of the price spectrum.

Read More:

4 things to know about Thailand property investment in 2022

A brief guide to Pattaya condo investment in 2022

What’s different about Pattaya?

Several beaches in Pattaya have undergone restoration efforts

A walk around Pattaya at the moment is a real eyeopener. The waters are blue and the streets are clean. It really does feel different. The city made a concerted effort to carry out projects designed to attract visitors from Bangkok, but all arrivals can appreciate the changes.

The landscape redevelopment of Pattaya Beach created a far more vibrant area. Meanwhile, the Jomtien Beach restoration project has completely transformed that part of the city. But there is more to it than that. Pattaya has finally embraced being a family-friendly destination after countless starts and stops.

How has infrastructure improved the region?

A lot has been made of U-Tapao International Airport which was serving a number of overseas routes prior to the outbreak of COVID-19. These will eventually resume while work on the highspeed rail line connecting it with Suvarnabhumi and Don Mueang airports in Bangkok continues as well. These are all obviously important.

But the M7 Bangkok-Pattaya motorway has been an absolute gamechanger. It has significantly reduced travel time between the Thai capital and resort city while also improving road links elsewhere along the Eastern Seaboard.

The impact of the improved roads cannot be understated, and it is a big reason why domestic buyers are purchasing holiday homes in Pattaya. It is now a legitimate 90-minute drive which is appealing when combined with the more pleasant lifestyle found here.

Is now a good time to buy?

It must be noted that the best real estate deals are long gone. And the second wave of discounts has dissipated. Bargains can still be found here and there, but prices have levelled out for the most part.

However, it is a good time to buy in terms of the choices available. Options remain plentiful now as tourists are in the early stages of returning and local buyers have already locked up the properties they wanted. By the end of 2022, the situation could be noticeably different as more in-person shoppers have claimed the unit they want.

So, while condo prices may not shift much this year, the pool of quality units on the market will shrink which means now is, in fact, a good time to buy.

Related:

Exports surge led to stronger Eastern Seaboard residential demand last year

What is the investment outlook?

Speculators will not find the Pattaya property market to their liking

Pattaya condo investment in 2022 isn’t a quick flip proposition. Speculators need not apply. This has become a market driven by end users. Now that doesn’t indicate that returns aren’t possible. With tourism resuming, demand for rooms will pick up. Those owning a unit in a rental program could see a return on investment as soon as this year, although that is an optimistic timeline.

As far as capital appreciation is concerned, the key is investing in the right areas. According to data from Colliers International Thailand, Wong Amat Beach has the second highest property sales rate in Pattaya. However, there is no beachfront land for future projects which implies opportunities to own a residence here will most likely be limited moving forward.

But these shouldn’t be your primary reasons to invest in Pattaya as it will take some time for the situation to stabilize. Buying a unit this year is more about securing the holiday home you want today and then possibly benefiting from returns in the coming years.

Looking at two Pattaya condominiums

A look at Pattaya condo investment in 2022 isn’t complete without checking out two notable projects currently on the market. On one end of the spectrum, there is AROM Wongamat, a luxury condominium unlike anything else in the city. And then there is Grand Solaire, a massive development with more than 2,000 units. Here is what each one offers.

AROM Wongamat

All units at AROM Wongamat have expansive sea views

AROM Wongamat
 sits on top of what has been called the last piece of land on Wong Amat Beach. The project has been crafted to match that exclusivity. For starters, all residences boast expansive sea views. Nothing is obstructed or partial here. And if you want to do more than look, the project also offers direct beach access.

As you would expect from an upscale development, it boasts a long list of impressive amenities, including rooftop facilities offering gorgeous panoramic views. A range of concierge services is available for residents as well.

Providing a quality lifestyle was something the developers behind AROM Wongamat worked diligently to craft. The condominium embodies the change in residential demand currently taking place in Pattaya.

Click here to learn more about AROM Wongamat

Grand Solaire

Grand Solaire is the highest point of elevation in Pattaya City

The sheer size and scale of
Grand Solaire
 is stunning. The project extends 67 storeys creating what the developer claims is the highest point of elevation in Pattaya City. Inside will be 2,326 residences along with a seemingly endless array of amenities that rivals most luxury resorts.

What is truly interesting about Grand Solaire is the fact it covers all segments of the market. Entry-level, 29 square meter units start at less than THB2.5 million while the rooftop duplex penthouse has everything from a pool to a private cinema and is the largest condo in Pattaya.

Prices may vary from affordable to superluxury at Grand Solaire, but the developer was dedicated to providing a touch of elegance throughout the project. Each residence features marble-styled tiling as well as black marble and glass kitchens to create an upscale look.

Click here for more details on Grand Solaire

Final thoughts on Pattaya condo investment in 2022

These two projects both promise a luxury experience, although each one goes about it in an entirely different way. This is a reflection on the Pattaya property market as a whole. Quality matters since buyers are end users who will be using their units for more than a few days each year.

Anyone considering Pattaya condo investment in 2022 should understand that this isn’t a buyer’s or seller’s market. It is an end user’s market. And those who want to stay in the city will be impressed with not only how far it has come but also the residential options on offer.


Budget: Not without excitement

The lack of property-related measures in yesterday’s Singapore annual Budget 2016 came as no surprise to most industry observers, given that most property sectors are at the early stages of consolidation and any interference at this juncture would be too premature.

Real estate firm JLL said that as for the residential market, an absence of changes to market cooling measures was also expected as the Government has conveyed its concern that premature easing of market cooling measures might lead to a market rebound.

Nonetheless, Budget 2016 is not without exciting news for the real estate sector.

Indeed, JLL expressed its excitement about the development of Jurong Innovation District (JID). Positioned as an “industrial park of the future” the JID will be developed and touted to be the “future of innovation for enterprise, learning and living”.

The development of JID will see the currently “sleepy” Jurong West transformed into a thriving hub of activity. As the development of JID takes shape, we can expect demand for real estate ranging from homes, offices, retail, hospitality and industrial to rise and along with this, a general rise in real estate value in and around JID.

It will also trigger private-sector interest in real estate development and investment and thus, we can expect to see an increased level of activity in this locality in time to come. Potentially, the Government Land Sales programme might soon start to incorporate land parcels in and around JID to kick-start the transformation.

The development of JID will also complement the development of Jurong Lake District by creating a larger draw for the population to work, live and play in the western corridor of Singapore.

Whilst there are no property-specific measures in Budget 2016, given that demand for real estate is a derived demand, the plethora of measures aimed at helping companies and individuals ride through the expected economic slowdown should help prop up demand for real estate and cushion the office, retail and industrial markets against a hard landing amid a backdrop of a challenging economy.

The host of measures engineered to help the island-nation stay competitive in the medium-term and cope with new challenges of the new world in the longer term will ensure long-term stability for Singapore’s property market.

Indeed, the announcement of the JID is a show of the government’s commitment to prepare and navigate the economy and its population to transform through innovation.


Business magnate John L. Gokongwei Jr. passes away

Innovator. Entrepreneur. Philanthropist. These are just a few of the words that can be used to describe the legendary John L. Gokongwei Jr. who passed away on November 9
th
at the age of 93. He founded JG Summit Holdings Inc. on humble beginnings and built a vast conglomerate that now spans the real estate, aviation, banking, media, petrochemicals and food sectors to name a few.

“Our beloved husband, father and grandfather John Gokongwei, Jr. passed away peacefully 11:41 pm, November 9th, at the Manila Doctor’s Hospital surrounded by his loved ones. Please pray for the repose of his soul,”
Lance Gokongwei, the son of John L. Gokongwei Jr. wrote in a text to Esquire Philippines
.

In the real estate arena, Robinsons Land Corporation was set up as the real estate arm of JG Summit Holdings Inc. in 1980. In the almost 40 years that has followed, the firm has become one of the acclaimed developers in the Philippines. The company’s work spans the entire country with projects in the residential, office, retail and hospitality sector. The homebuilder also expanded into China, making it one of only a few international developers to find success on the mainland.

John L. Gokongwei Jr.’s real estate legacy is far reaching but perhaps best viewed at the iconic Robinsons Galleria. Built in 1990 on the corner of EDSA and Ortigas, the development helped drive both the company’s and country’s growth in the following decades. The success of Robinsons Galleria created the foundation for Robinsons Malls to become a retail giant with more than 40 shopping centers in the Philippines.

Meanwhile,
the highly acclaimed residential arm of Robinsons Land
Corporation
 has helped elevate living standards for the public regardless of income. The firm now boasts 100 developments throughout the country under four unique brands: Robinsons Luxuria, Robinsons Residences, Robinsons Communities and Robinsons Homes.

The impact of John L. Gokongwei Jr. cannot be understated. His work and status as one of the Philippines’ first business disruptors has inspired generations of Filipinos. Dot Property would like to extend our condolences to the Gokongwei family and everyone at JG Summit Holdings Inc.


Should you buy a condo unit in an older building?

They may not be sexy, but there are reasons to buy a condo unit in an older building

People looking to buy a condo unit in an older building at the moment are doing so for a number of reasons. While they may lack some of the bells and whistles found in new projects, especially when it comes to amenities, these can outweigh the positives.

And that is something you’ll want to consider before starting your property search. For some people, living in an older residential project better suits their day-to-day requirements. Here are three reasons you may choose to buy a condo unit in an older building.

Related:

Is it better to buy a furnished or unfurnished condo?

Here’s why you should buy a condo unit in an older building

1) More space, less money

A condominium unit in a new-build development will almost always cost more on a per square meter basis than an older one in the same location. This is due to a number of different factors. For example, newer projects are equipped with smart technologies which adds to the price. Additionally, amenities aren’t as nice or expansive.

However, you can likely afford a larger unit in an older building if you aren’t concerned about things like that. And with work from home expected to be with us in some form moving forward, having that extra space is an important consideration.

2) Customization

If you buy a condo unit in an older building, there is greater freedom to customize it. In most new developments, fittings, finishings and, in some cases, furniture comes pre-equipped. While not impossible, you may run into restrictions as it relates to modifying rooms or spaces.

These restrictions don’t usually exist when buying a unit in an older condominium. Now, the size and scope of the renovations will be limited by the juristic board of the building, but most are pretty flexible in terms of what can be done as long as you submit plans ahead of time.

3) No surprises

The only way to view an off-plan condominium is at a show unit or via 3D renderings. These are excellent tools, although some property buyers let their imagination run wild when purchasing a new unit only to be disappointed when it is finally turned over.

What you see is what you get when buying a unit in an older condominium building. There are very few surprises, and you can kick the proverbial tires on it until your foot is sore.

Conclusion

For some home seekers, it makes more sense to buy a condo unit in an older building. However, this isn’t always the case. Those who enjoy using amenities or prefer a residence be move-in ready will be interested in a newer project. Ultimately, the key is conducting a thorough property search and see how units in older buildings compare to newer ones in terms of price, size and what’s most important to you.

Read More:

Simple tricks to make your condo seem bigger


It’s a buyer’s market in Thailand as the “new normal” shapes future demand

There is a buyer’s market in Thailand although price reductions haven't been uniform

There is a buyer’s market in Thailand, but those looking for real estate need to be proactive to find the lowest possible price. Meanwhile, residential demand in the country will shift as the “new normal” causes home seekers to reevaluate their priorities.

According to CBRE Thailand, the buyer’s market in Thailand is unique in that discounts are not being offered at the same rate throughout the country. In Bangkok in particular, there have been no uniform price reductions with developers opting for various programs.

In order to find the best deals, property seekers are having to do a significant amount of research. Some events, such as the
Dot Property Black Friday Sale
 on June 19, are assisting interested buyers by aggregating special discounts in one place. CBRE found that residential real estate sales have nearly returned to pre-COVID-19 levels.

Click here to reserve the best discounts on Thailand property

“Currently, Thai developers have been focused on selling units in already launched off-plan developments and completed condominium. Even with a buyer’s market in Thailand having formed, speculative demand is limited with most buyers being end-users,” Khun Aliwassa Pathnadabutr, CBRE Managing Director, stated.

Residential demand set to change with “new normal”

The buyer’s market in Thailand isn’t simply leading to more sales. It’s also uncovering just how residential demand in the country is changing as the “new normal” takes hold. While these trends are still forming, CBRE believes they are worth watching as the recovery continues.

“The first trend is location which we should keep an eye on. Buyers will choose between the inner city and midtown/suburban areas. As people are spending more time at home and working from home, the need for space usage will increase,” Khun Aliwassa pointed out. “Coupled with the mass transportation expansion outside the metropolitan area, some buyers will reconsider their housing choices in terms of value related to usable space.”

Health and environmental concerns are also influencing how property demand will evolve in Thailand. CBRE noted that product development improved during past crises in response to shifts in demand that happened during the aftermath. The “new normal” being brought on by COVID-19 will likely see demand change and homebuilders innovate to keep pace.

“Developers and designers will have to bear in mind changes in buyers’ behaviors and highlight specifications that advance health and convenience of life of residents when developing a future project such as usable area, air quality and new technologies,” Khun Aliwassa said. It will be interesting to see how new products in the residential market will be developed in response to the changes in the buyer’s requirements after COVID-19.”


Buying intent largely positive

Real estate firm CBRE has revealed the results of its Asia-Pacific Investor Intentions Survey 2016, which analysed the outlook and appetite of Asia-Pacific real estate investors for the rest of the year.

Overall buying intentions among Asia-Pacific real estate investors remained positive, with around 80 percent of survey respondents indicating they plan to buy at a similar level to, or more than 2015. Despite less respondents intending to increase purchasing activity in 2016—only 42 percent of respondents plan to purchase more this year, compared with 54 percent in 2015 and 64 percent in 2014. The majority of investors still expect to buy more than they sell.

“Asia-Pacific will continue to remain an attractive, key growth market for investors, underpinned by rapid urbanisation and economic growth levels that outpace global averages,” said Ada Choi, Senior Director of Research, CBRE Asia Pacific.

“As the region’s real estate market has seen an active couple of years, which saw record-breaking investment turnover and big ticket portfolio transactions, we are starting to see softening investor sentiment in 2016 with moderated buying intentions for the second consecutive year. This is most likely due to increased concerns over the regional and global economy, high asset prices and also limited availability of assets for sale.”

A greater number of respondents (58 percent) identified the domestic and global economy as the greatest threat to the Asia-Pacific real estate market this year, compared to last year’s 29 percent. There is also a growing concern on asset pricing, with 38 per-cent of respondents identifying this as the biggest obstacle to acquiring assets, an increase from 31 percent in 2015. Nevertheless, respondents selected capital value growth as their main motivation for investing in real estate. Availability of assets is seen as the second biggest obstacle, though this has reduced from 21 percent in 2015 to 16 percent during 2016.

Investors Moving Up the Risk Curve

Given the increased uncertainty regarding the economic outlook, core assets remain the most preferred asset for investors, followed by value-added assets. However, demand for core assets fell from 43 percent in 2015 to 33 percent this year, whereas there was stronger interest in value-added assets and good secondary assets.

“The pricing of prime core assets and investors’ desire for high returns suggests that investors intend to move up the risk curve this year,” said Richard Kirke, Managing Director, Capital Markets, CBRE Asia-Pacific.

“Institutional investors, which have looser return requirements, will focus on prime core assets for long-term holds whereas demand for value-added assets continues to be led by real estate funds and REITs.

“Experienced institutional investors, especially major sovereign wealth funds, are increasingly moving into development projects and into emerging Asian markets for higher returns,” Kirke added.

Breakdown of Preferred Markets, Sectors

Within Asia-Pacific, findings reveal that cross-border investors continue to focus on Australia, Japan and China; collectively, these three markets account for about 60 percent of respondents’ interest. Australia remains especially popular among Asian investors, in particular Chinese and Singaporean investors, whilst foreign investor interest in Japan is also strong, led mainly by North American investors. Even though investment interest in China declined among international investors – on the back of the country’s economic slowdown, stock market volatility and currency depreciation – sentiment among domestic investors remains relatively firm. Driven by improving economic fundamentals, several emerging Asian markets such as India and Vietnam also regained investors’ interest this year.

The office sector retained its position as the most preferred sector for investment (32 percent of respondents) for the third consecutive year. Continued business growth in Asia Pacific, especially by the service sector, supported solid investment demand for prime assets in this sector. Logistics follows as the second most attractive investment sector. However, hotels and resorts have seen a particularly significant surge in interest, jumping from just 1 per cent in 2014 to 14 per cent in 2016. Demand in this sector is particularly strong in Australia and Japan, where weaker currencies have supported strong growth in tourism arrivals, especially from China.

Investors seeking higher yields will continue to turn to alternative sectors in 2016 – 67 percent of respondents are actively pursuing alternative sectors this year. Real estate debt (20 percent) remained the most attractive asset type, followed by student housing (17 percent), healthcare (16 percent) and retirement living (16 percent). Self-storage and data centers also received stronger interest from investors this year compared to 2015.

Interest in Southeast Asia Rose

Survey results for respondents keen on Southeast Asia showed a slightly different picture. Some 20 percent of cross border investors polled expressing interest to buy assets in the region, particularly in Singapore and Vietnam in 2016, compared with 17 percent in 2015. Residential projects, in particular multi-family and assets with lease potential, are deemed to be the most attractive for cross border investors keen on Southeast Asia. The same investors have also indicated a preference for student housing (28 percent), followed by real estate debt (17 percent) in terms of alternative assets they are actively pursuing.

Outbound Investment Growing in Interest

Asia-Pacific investors are demonstrating a stronger appetite for outbound investment this year with 42 percent of respondents intending to invest outside the region, up from 31 percent in 2015. South Korean investors retained the most positive attitude towards outbound investment, followed by Singaporeans. Asian institutional investors continued to lead outbound investment among the different investor types.

“The search for higher income returns and access to a larger pool of core assets are the key reasons behind overseas real estate investments, especially among Asian investors. Consequently, Asia-Pacific investors overall are broadening their interest from Asia to the rest of the world. Asia-Pacific investors plan to invest more capital internationally in the coming year than last year, which is in contrast to the softer investment intentions displayed by respondents within the region itself,” said Kirke.

CBRE’s Asia Pacific Investor Intentions Survey 2016 was compiled from around 350 responses and was carried out online between January and February 2016. The survey covered a wide range of real estate investors, including funds or asset managers, property companies, institutional investors, listed property companies and REITs. Around 80 percent of respondents were companies domiciled in Asia-Pacific and 20 percent were domiciled outside of this region.


Buying off-plan: A guide

In many parts of the world buying property off-plan is common. In others its considered to be a very risky investment. On the plus side it allows you, the buyer, to purchase ahead of many other buyers but how does buying off-plan really work, and what do you need to do before signing any sales agreements?

Quite simply, buying off-plan is purchasing a property that is yet to be built. In most cases construction will also not have started. Buyers and investors will largely be agreeing to buy based on architectural plans – hence the name ‘off-plan’.

In some cases, you may be fortunate and the developer will have a show unit for inspection, but don’t be surprised if what you see in the showroom changes to what you actually get at the end of the transaction.

How does buying off-plan work?

The process differs between developments and countries. Some developers reserve the right to alter the design of a property without having to seek approval from the buyer, while in some countries the developer will have to pay the buyer a penalty for any minor changes. Its not uncommon in some countries for developers to expect buyers to pay additional funds if construction costs change. For these reasons and more, an off-plan sales and purchase contract can be very different to a standard one.

When signing a deposit is always due, but the amount varies from as little as a few percent of the total price to as much as 50 percent. In most cases that deposit is held in a trust account until a certain stage of construction has been reached. This is where professional and legal advice is strong recommended.

How long does the process take?

After signing there may be a cooling-off period depending on the country you’re buying in. If you are fortunate to have one, this is when you will legally have the chance to withdraw of the sale. You may have to forfeit some or all of your deposit at this time, and again this is where professional legal advice before you sign anything becomes vital.

The actual construction time will vary across different developments, from as short as 12-months to as long as four-years. There is no set time. Your sales and purchase agreement should state the date on which the development will be completed, and provide details of any penalties for failing to meet this date. In some countries construction delay penalties are enshrined in law regardless of whether they form part of your agreement.

What are the benefits of buying off-plan?

Many first-time buyers and investors are often short of cash, so buying off-plan allows them more time to acquire the funds to complete the purchase. When signing the contract, you are agreeing to a specific price. Usually the market will have grown before completion and creating capital growth. This is not guaranteed, though.

Off-plan properties can sometimes be customised to the needs of the individual buyer. Naturally you may have the widest choice of available units in a development, but you may also be able to choose the type of finish, appliances and furnishings. Every development is different.

What are the risks of buying off-plan?

This is where your professional, independent legal advice will be worth the investment. Completion of any project is not guaranteed and there is a chance that the project could fall through for a whole host of reasons. Do your due diligence on the developer, get your lawyer to do the same and check for things such as previous successful developments. Visit them and ask to speak to owners. They will often tell you of any issues.

The resulting unit may often be different to the original plan. Developers often reserve the right to make changes where necessary but significant changes may not be permitted without your agreement, depending on the developer and country.

Of course there is also the chance the real estate market could decline, meaning you will be paying above market price upon completion. This can have serious implications because if the bank valuation is lower than you anticipated, you might struggle to obtain the mortgage you were expecting. It is also difficult to measure the resale value of off-plan properties, especially in areas that have been identified as hotspots or are seeing significant developments. It’s important to view the entire area around your chosen purchase, and see what other options may be on offer.

At
Dot Property Group
 we cannot stress the importance of independent legal advice and thorough due diligence when buying off-plan, not matter where in the world you are and how much you trust you own instincts or the words of the sales person.


Buying property: Your checklist

The vast majority of buyers and investors will enjoy a hassle-free experience when buying property, but it is always worth keeping a note of some basic, common-sense tips when embarking on a transaction.

Do not assume laws are the same everywhere. if you are purchasing a property in new, unfamiliar country it is even more important to take independent legal and tax advice, and follow some or all of these tips we have provided for you.

Strategy
: Decide from day one what you want from your investment. Are you looking for a second home, capital appreciation or rental returns? The answer to that question alone should determine the location and type of property to focus on. Work out a time frame, and a strategy for a quick exit should the need arise. Remember that you may be liable for a sizeable loss if you need to sell in a hurry.

Act Early
: Remember the phrase: “The early bird catches the worm.“ When it comes to property investment it is almost always true. Moving fast and being first in line at a new development will also allow you to take advantage of the best units at the best prices. In many locations you will find that prices can rise by anything up to 30 percent between buying off-plan and completion.

Buy Wisely
: Check the status of your purchase. Can you buy freehold condominiums in your own name, or can they only be leasehold? Can you purchase landed property legally? Does a property purchase entitle you to a long-stay visa? Who can you sell to? These are all questions that any well informed property buyer and investor needs to answer.

Size Does Matter
: Buy the biggest unit you can afford but do not extend yourself financially. Buying bigger in most locations will generally mean a better return from long-term rentals versus short-term holiday lets, if rental returns are you goal. Your independent real estate agent will be able to tell you what types of units are in demand in your chosen location.

Avoid oversupply
: If renting is your strategy, avoid high-density developments. You could be competing with thousands of investors with the same strategy and goal. You will need to spend more on interior decoration and furnishing your unit to make it stand out to tenants. Always remember to think like potential tenants. What will they want from your property?

Maintenance
: Check for any fees. Generally, you will get what you pay for. What might seem a good, low maintenance deal may equal a shabby, hard-to-sell unit in five years’ time.

Unexpected fees
: Check who will pay for what throughout the entire buying process, and beyond. It will vary from country to country and may not the same as your own country. Fees may also be open to a small amount of negotiation, but be careful with this as it could be considered illegal in some jurisdictions. Know what taxes may be payable before you sign anything and seek professional, independent legal and tax advice. Read, and most importantly, understand the sales contract before you sign. If you have any doubts, question the real estate agent of the developer, and if you have any doubts whatsoever do not sign.

Rental Guarantees
: Guaranteed returns do offer a degree of peace of mind for first-time investors but check the financial stability history of who is offering the guarantee? Do you really need one? A good property in a good location will achieve a good rental return. If you opt for guaranteed returns you should ask what levels are to be expected after and guarantee period expires? Talk to real estate agents and property owners to get the facts for when the guarantee expires.

Finance
: In some countries it is almost impossible to get finance as a foreigner so if you have cash you are in a stronger position. Check if your chosen developer is offering developer finance, but also check how that compares to local interest rates. Often they can be double or triple.

Use a lawyer
: Would you buy property in your own country without a lawyer? This is such an important point in the buying process. Your lawyer will do due diligence on your behalf and ensure you understand everything before signing the contract. Use a lawyer who is an expert in the country you will purchase in, and also understands property law. This will be a very small price to pay for peace of mind.

Use a professional agent
: Remember that real estate agents have a job to do – and that is to sell property – but the best ones will give you their own advice on what you should be buying – not just what they’re selling. They will also make you aware of any developments or developers who are best to avoid.

If you have any additional tips we would love to share them with our readers. Email our Group Editor or leave a comment along with this column.


Buying Spanish real estate a golden investment

Spain is popular place to live. The country has some of the best art museums, beaches and food in the world. And that’s only a start. The country is one of the most diverse in Europe with renowned schools and affordable healthcare among the top reasons buying Spanish real estate is popular for those looking to move to Europe.

And it is not just those seeking a little slice of Spanish living buying property in the country. Buoyed by strong returns and a promising economic situation, investors see Spain as an attractive place to purchase real estate.

Jesus Hernandez, Managing Director at
ZhiyeSpain
, has helped buyers from China find their dream home in Madrid and Barcelona. The company is now looking to expand its efforts to Malaysia and Southeast Asia. Buyers in the region have normally looked to Australia or the UK when considering an international property investment, but Hernandez believes buying Spanish real estate is an affordable alternative.

“Spain’s Golden Visa programme has proven to be popular with Asian buyers as it has given them a chance to live, study and work in Spain. It also allows them to travel freely in the EU, something that is not so easy with a Chinese or Malaysian passport,” Hernandez stated.

Living the Spanish life

Some people buying Spanish real estate are end users while others see it as an investment. Those in the former category are attracted to the country for a number of reasons. Among these is the opportunity to enroll their children in the country’s highly regarded education system.

International schools in Spain can be cheaper than in places like China and Thailand. The education also is better in many cases. Schools offer classes in both English and Spanish meaning language won’t be an issue.

“Spanish is a language spoken by more than 500 million people worldwide. It is the official language of more than 20 countries. In Asia, Spanish is a language that isn’t promoted as much despite the fact it is one of the six official languages of the United Nations,” Hernandez pointed out. “A lot of families who move to Spain from Asia are able to introduce their children to Spanish, English and their native language. This can be quite beneficial when applying for university. It also opens up more doors professionally.”

In terms of higher education, Spain boasts some of the best universities in the world. The country has three MBA programmes, Iese Business School, IE Business School and Esade Business School, ranked in
the global top 20 by the Financial Times
.

Of course, Spain has a lot more to offer than a great educational system. Healthcare, diversity and culture are among the reasons property buyers from Asia choose to relocate to cities like Madrid or Barcelona.

“Spain has a great quality of life that is also affordable. It offers a relaxed environment and is a very diverse country,” Hernandez said. “It’s geographically diverse with mountains, beaches and plenty of parks. Spain has one of the largest Chinese populations in all of Europe and is very welcoming of all cultures. Diversity can be found all around the country in many forms.”

Impressive ROI another reason to consider buying Spanish real estate

Some buyers from Asia choose Spain for the lifestyle. Investors on the other hand see the country’s real estate market as one brimming with potential. Of all of the countries with “Golden Visa” schemes, Spain is the most developed and its economy has rebounded in the past few years. In 2016, it was first in the EU for GPD growth and the situation continues to look promising.

“We at ZhiyeSpain are able to guarantee investors who purchase a property from us a guaranteed return of four to seven percent for a set time period, which is quite good,” Hernandez said. “We offer a number of different products to investors to ensure they are able to get the most from their purchase.”

Getting the visa after buying a property

Once you purchase a Spanish property, the process to obtain the visa is actually quite simple, Hernandez explains. You are required to buy a property valued at EUR 500,000 or above. If the property costs more than that amount, you will be required to make a deposit of at least EUR 500,000. After you have passed the vetting process and the money has been received, you will get a one-year investor visa.

In order to receive a temporary residence card, you’ll need to go to Spain once to have a fingerprint scan. Once that has been completed, you will get the card. If you want to receive a long-term residence card, you’ll need to live at the property for four years and two months within a five-year period before applying for it.

Investors who do not live in the unit they buy are unable to obtain a long-term residence permit. However, they are eligible to renew their temporary, one-year residence permit as long as they own the property.

ZhiyeSpain has helped buyers from China and throughout Asia find a home in Spain that meets their needs, regardless of if they are looking for a place to live or a European property for investment purposes.

“We have local knowledge of the market and share this openly with our clients who are buying Spanish real estate. This is important as they aren’t likely to know Spain all that well,” Hernandez said. “We also have experience working with both those considering relocation and investors seeking to diversify their portfolio. This means we have the ability to offer insights on all matters.”

For more information, please visit
ZhiyeSpain


Call to cut corruption

Anti-corruption organisation Global Witness has said that an area of British land more than three times the size of Greater London is now allegedly owned by secret companies in offshore jurisdictions like the British Virgin Islands.

Global Witness reported on data that was leaked to magazine
Private Eye
, and said the veil of secrecy makes it impossible to identify who actually owns this land and whether it was bought with clean money.

This, it said, leaves the U.K.’s housing market wide open to abuse by corrupt politicians, tax evaders, money launderers and other criminals.

The findings come as the effectiveness of the U.K. government’s proposals to crack down on tax haven secrecy in the wake of the “Panama Papers” is being questioned.

“If the owners of property in the U.K. are hidden behind secret companies registered offshore, it’s impossible to know who they are and where they got their money,” said Chido Dunn of Global Witness.

“We don’t want dictators, tax evaders and other criminals using the British property market and banks to stash their loot and launder their cash – it’s bad for the economy, it’s bad for security and it’s bad for house prices,”

The value of U.K. property owned offshore is estimated to be more than £170 billion, and much of it is owned through companies in U.K. tax havens.

Last year Global Witness revealed that big chunks of Baker Street are owned through offshore companies by a mysterious figure with close ties to a former Kazakh secret police chief accused of murder and money-laundering. Following this, the Prime Minister announced that he would consult on ways to make the U.K.’s property market more transparent to stop the dirty money from pouring in.

Global Witness is calling for the U.K. government to announce concrete measures at the U.K.’s Anti-Corruption Summit on 12 May that will:

Create a public register of beneficial ownership for foreign companies that purchase land or property in England and Wales;

Ensure that this register encompasses properties currently owned by foreign companies (estimated at £ 170 billion worth), along with new purchases; and

Ensure that this register is properly implemented and enforced.

While the government has shown leadership by putting these issues on the agenda, the proof will be in the implementation of any measures announced at the summit.

The Panama Papers have also revealed the role that U.K.-linked tax havens, such as the British Virgin Islands, play in facilitating corruption and money laundering. Over half of the anonymously owned companies listed in the Panama Papers were set up in the U.K.’s tax havens, or “Overseas Territories.”

Global Witness said the U.K. has the power to address one of the root causes of offshore secrecy by requiring the Overseas Territories to create public registers of the real owners of companies registered there, as is happening in U.K. itself.

This, it added, would make it much harder for the world’s criminal and corrupt to hide their money there, and mark a huge step towards the global standard of transparency that U.K. Prime Minister David Cameron has said he wants to see.

The Prime Minister has said that he wants to see the Overseas Territories create full public registries of company owners. But so far, they have only agreed to set up private registries which are accessible to U.K. law enforcement.

Given the scale of the criminality revealed by the Panama Papers and previous work by Global Witness, U.K. law enforcement won’t have the resources to stem the tide of suspect funds. To deter those with something to hide, this information needs to be available to a much wider pool of people, including civil society, journalists and the public.

Global Witness concluded: “If we want to break our links to terror financing, dodgy dictators and other criminals we have to address the role the U.K.’s Overseas Territories play by creating public registries of company owners, like we’re getting in the U.K.

“The measures announced so far, such as private registers, won’t cut it. As things stand it will be a question of when, not if, the next great corruption scandal hits the U.K. tax havens.”


Calls to protect green space

Environmentalist wants action to be taken to protect the country’s green spaces.

Environment and sustainability are hot topics. Homes and offices are increasingly being built with green credentials. We are becoming more conscious of the world around us. Encouraged to recycle and reuse to minimise waste. Plus take advantage of the world’s natural qualities to generate electricity such as through solar panels.

Now developers are being called upon to become more concerned about the environment, and not just by reducing carbon footprints. Something that is common in the western world where areas are naturally preserved not to be built on. An environmentalist in Malaysia has said that any development on either public or green spaces should include a proposal to advise of any negative influences on the surrounding environment.

Anthony Tan Kee Huat, executive director at the Centre for Environment, Technology and Development Malaysia, has commented that being eco-friendly is not enough. He believes that the focus needs to shift from humans demands to how development can influence existing nature.

He commented, “We have to weigh the cost of ecology. Unfortunately, the ringgit sign weighs more than nature does… If they plan to build on green spaces, they should consider allocating a new green space for pre-existing animals and ensure that it is the same as the previous green space that they took.”

One such example is Bukit Kiara Park. Dubbed as Kuala Lumpur’s version of New York’s Central Park or even London’s Hyde Park, this expanse of 188 hectares includes jogging tracks, camping areas, places to cycle and picnic amongst a whole host of other activities. Parts of which have been sold off to developers. Resulting in the public parks at risk as nature is disturbed. Subsequently reducing space for people to enjoy.

Tan is wary of selling off this type of land to developers. He feels that there have been other similar cases that have resulted in the project not being finished but the environment already having been damaged. He therefore feels that there should be a focus on redeveloping older buildings rather than starting from afresh. A practice that is common across the west and something that Tan says should be adopted in Malaysia.


What can you expect from Phuket rental returns?

Rental returns are what most people are after these days when buying Phuket property. In fact, CBRE found that 90 percent of the condo units sold in the first half of 2019 were investment-oriented properties. The developments offered either a rental management program or rental yield guarantee.

It is a similar story when it comes to the villa market as well. In the same CBRE report, new villa sales were dominated by investors who wanted rental income. Villas priced below THB35 million were the most popular, accounting for 81 percent of all villa sold during the first six months of 2019.

Now that we understand buyers are
buying Phuket property
 for the return on investment, the question then shifts to, “How much are they making?”

Unfortunately, the picture is a bit murky. And since there aren’t any reporting requirements for rental income, finding out is not easy. We know what the guaranteed returns (more on that in the next section) of many Phuket projects are. But we can only estimate beyond that.

There have been no reports of rental yields cratering at those investment-oriented developments once they are operational, and this is a good sign. Tourism to Phuket has been so strong that it’s almost impossible for a property with a rental management program in place to lose money without some gross mismanagement occurring.

That being said, we are now entering uncharted terrorist with the spread of coronavirus. Chinese arrivals to Phuket have stopped entirely and less people are traveling to Phuket on the whole. If the situation continues for an extended period of time, Phuket rental returns could take a serious hit.

Phuket rental returns for long term properties

Turning our attention to traditional condo unit and villa properties, your Phuket rental returns will be dictated by two factors: location and finding tenants. Attracting longer-term tenants to a Phuket condo unit can be a slog, but if you do, getting a 5 percent return on investment is likely. You can try and go the Airbnb route as well, but it does come with some risks.

Villa rental returns tend to top out at 10 percent after you factor in property management costs and other fees. This is assuming you have a well-designed villa in an in-demand location. If you have an old villa with ugly furniture in the middle of nowhere, well don’t expect anyone to pay money for the privilege of staying there.

That being said, there will always be demand from families and large groups for
villas in Phuket
 and they are far easier to rent out than condo units. Even smaller residences in hillside locations away from the beach can draw in 5 percent rental returns assuming the property isn’t a total dump.


Where can foreigners own freehold property in Asia?

Foreigners looking to own freehold property in Asia have several options at their disposal. As you would expect on such a diverse continent, rules and regulation do vary quite a bit. In some countries, you are limited by property type while other places have restrictions on locations and prices.

The good news is that most places that allow foreigners to own freehold property in Asia have fairly transparent processes in place. There will be a language barrier in some countries but that is hurdle any local property professional can help you overcome.

Before we explore where foreigners can own freehold property in Asia, let’s take a look at some of the countries that only provide leasehold ownership to non-resident real estate buyers.

Notable countries with leasehold-only systems for non-resident property buyers:

China

Hong Kong

Indonesia

Maldives

Mongolia

It is possible for a foreigner to buy leasehold property in China; however, you need to meet several qualifications. Similarly, all land in Hong Kong is leasehold, meaning no freehold property ownership for anyone. Indonesia has fairly robust leasehold real estate ownership structures available to non-resident buyers which support the popular markets of Bali and Lombok.

That being said, some people just don’t feel comfortable with the limitations of a leasehold ownership agreement. Foreigners wanting to own freehold property in Asia can turn their attention to these locations.

12 places where foreigners can own freehold property in Asia

Thailand

Type:
 Condominium

Restrictions:
 No more than 49% of a single building

Freehold condominiums in Thailand’s resort areas, such as Pattaya, are popular with overseas buyers

Non-residents looking to own property in
Thailand
 are limited to condominium units. Additionally, foreigners may not own more than 49 percent of a single building. This has done little to dampen overseas interest in Thai real estate during the past decade.

Those wanting to purchase villas or detached housing can do so on leasehold terms
. It is also possible to purchase the property through a company registered in Thailand, but that isn’t always recommended.

The Philippines

Type:
 Condominium

Restrictions:
 No more than 40% of a single building

The Philippines
 gives foreigners the opportunity to own condominium units on a freehold basis. However, non-resident buyers cannot own more than 40 percent of a single building. Local developers are quite skilled at assisting overseas clients with several having in-house departments catering to this demand.

Related:

4 things to know about condo investment in the Philippines

Vietnam

Type:
 Residential

Restrictions:
 Must be married to a Vietnamese national

It is possible for a non-resident to own freehold property in Vietnam, but he/she must be married to a Vietnamese national. Leasehold terms in the country are a bit restrictive as well with no more than 30 percent of a government approved building allowed to be owned by foreigners.
Developers in the country continue to urge the government to relax regulations
 and allow for more non-resident property ownership.

Malaysia

Type:
 Condominium, House, Land, Building

Restrictions:
 Some price and type limitations. Varies by state

Malaysia is very friendly when it comes to foreigners owning freehold property. However, the country does not have one blanket set of regulations. Instead, states have different restrictions in place. For example, a non-resident can only own a property priced at MYR600,000 (USD145,000) or above in Kuala Lumpur, but in
Penang the price floor is MYR800,000 (USD193,000)
.

The government has made a few types of property, including low-cost housing and agricultural land, off-limits to foreigners and these restrictions cover all of Malaysia.

South Korea

Type:
 Condominium, House, Land, Building

Restrictions:
 Some locations are limited when it comes to buying land

Property in cultural property protection zones are one of the only things non-residents can’t buy in South Korea

It has been more than 20 years since the South Korean government deregulated the real estate market and opened it up for foreign ownership.
These days non-residents buying South Korean property can acquire apartments, houses, entire buildings and land making it one of the most open countries in Asia
.

The only thing you can’t buy in South Korea is land in military installation reservations, cultural property protection zones or ecosystem reservation districts.

Japan

Type:
 Condominium, House, Land, Building

Restrictions:
 None

All property types in Japan are open to foreign, freehold ownership. This includes land and even skyscrapers if you were so inclined. Your name will even be shown on the title deed which is an added benefit. That being said, the buying process requires help from a local expert since everything is conducted in Japanese.

“The biggest thing deterring people from buying Japanese real estate is the language barrier,”
Sato Tsutomu, Managing Director of HJ Real Estate, explained
. “It can cause some complications in the process, but it is easy to overcome with the help of an expert.”

Taiwan

Type:
 Condominium, House, Land, Building

Restrictions:
 Ownership is limited to citizens of countries with reciprocal rights

Only residents of 42 states in America can own freehold real estate in Taiwan

Foreigners may own freehold property, including land, in Taiwan so long as they are a resident of a country on
this list
. The reciprocal rights list of property ownership is somewhat quirky. Case in point, residents of only 42 states in the USA are eligible to own freehold real estate in Taiwan. Those living in Mississippi, South Carolina or West Virginia are out of luck.

Singapore

Type:
 Private Apartment, Some Commercial & Industrial Property

Restrictions:
 Depends on property type

When it comes to freehold, foreign property ownership,
Singapore
 is highly transparent. That being said, there are also far more regulations here than elsewhere in Asia. Your best bet is to look for properties marketing themselves as freehold and open to non-resident ownership. Apart from that, the classification system, especially as it relates to public housing, can be a bit tricky to navigate.

Cambodia

Type:
 Condominium

Restrictions:
 No more than 70% of a single building. Unit can’t be on the ground level

Cambodia began offering freehold ownership to foreigners in 2010

Cambodia
 first approved foreign freehold ownership of condominium units in 2010, although take up has remained limited. There have been a few projects in Phnom Penh that drew overseas interest while Sihanoukville has been popular among Chinese investors. The one unique regulation is that non-residents cannot own a unit on the ground floor of a Cambodian condominium building since that would be considered owning land.

Oman

Type:
 Residential

Restrictions:
 Limited to select locations

A limited number of freehold residential properties inside tourism complexes, such as Al Mouj, Jabal Sifah, Hawana Salalah and Muscat Bay, can be purchased by foreigners. Those units are attached to a residency program. Last year, the Ministry of Housing and Urban Planning launched another scheme that saw 5,000 units made available to non-residents on a freehold basis.

Bahrain

Non-residents can buy freehold property in Bahrain, but locations are restricted

Type:
 Residential

Restrictions:
 Limited to select locations

There are currently 10 areas in Bahrain where non-resident buyers can own real estate on a freehold basis. In most cases, these locations are land that has been reclaimed. Housing types available for ownership is varied.

United Arab Emirates

Type:
 Residential

Restrictions:
 Varies in each emirate

In the United Arab Emirates, Abu Dhabi has the most straightforward foreign freehold ownership regulations that makes it possible to acquire residential real estate in designated investment zones. Elsewhere, the rules on non-resident freehold ownership are opaque.

Freehold property ownership in Asia

It is possible for foreigners to own freehold property in Asia although there are quite a few differences across the continent. What’s more, regulations can change suddenly. Sometimes, as seen in Oman, this can benefit buyers. In other instances, like Maldives approving and then rescinding freehold foreign ownership over the span of four years, it can be troublesome.

Finally, this list is a brief overview of where foreigners can own freehold property in Asia. By no means is this a comprehensive guide and you should research the markets more in-depth to learn about local regulations.


Can you really buy Thailand property using cryptocurrency?

Several developers have announced they are accepting Bitcoin, Ethereum and other digital currencies for units in their projects. But the question remains; can you really buy Thailand property using cryptocurrency? Like many tech-driven services involving new processes, the answer is complicated.

Let’s start with an important fact. You can’t legally buy Thailand property using cryptocurrency as a foreigner.
This was something confirmed by Sansiri in a recent Bangkok Post article
. Now, that doesn’t mean the door is entirely closed, but it explains why you aren’t transferring your coins to the developer directly.

Homebuilders like
Ananda
 and Origin are promoting the fact that you can buy Thailand property using cryptocurrency. In reality, this is replacing the process of a wire transfer. All developers accepting digital monies require you to have a wallet on a Thai cryptocurrency exchange, such as Bitkub.

That’s because they can’t legally accept Bitcoin and the like for purchases. Homebuilders simply need a way to convert cryptocurrency to Baht which is only possible via one of the local exchanges. At this stage, that process varies among developers.

Some require you to convert the cryptocurrency into cash which you can then transfer to them. Others will allow you to transfer it to their wallet where they handle the conversion. Either way, cash is still used to complete the transaction.

This doesn’t mean you should dismiss the process entirely. But you are looking at various fees which may reduce the savings versus a traditional wire transfer. This is especially true if you aren’t already using cryptocurrency and will need to acquire that as well.

The main benefits of buying Thailand property using cryptocurrency are obviously related to time savings. Everything can be done from your phone or laptop and is completed in a matter of hours, not day.

Related:

Where can foreigners own freehold property in Asia?

Should you buy Thailand property using cryptocurrency?

Seeing as the process to buy
Thailand property
 using cryptocurrency is more of a glorified wire transfer than anything else, the risks aren’t particularly high. Developers are only working with exchanges licensed by the Ministry of Finance, so there is no concern that these firms are going to be shutdown.

If you are familiar with using digital currencies and using multiple exchanges, then you can buy Thailand property using cryptocurrency confidently. On the other hand, if you are looking to jump into the Bitcoin pool to save some money, do the math before getting started.

Like most new digital services in Thailand, the process needs more time to grow and become streamlined. There will eventually be a day when you can actually buy Thailand property using cryptocurrency. At the moment though, it’s nothing more than a money transfer method no matter what developers say otherwise.

Read More:

3 key questions facing the Thailand property market in 2021


Canberra: More overseas investment

Positive economic signs from Australia’s capital city are expected to help underlying market fundamentals, as Canberra’s commercial property sector is expected to attract an increasing levels of offshore attention from investors during 2016.

According to Knight Frank’s Associate Director, Institutional Sales, Canberra, Nic Purdue, there are numerous signs that point to a stronger market and more diversified attention on the capital city this year.

He said: “Recent positive economic signs in Canberra are expected to help underlying market fundamentals. This includes a far more stable vacancy rate, stable incentives and forecast rental growth – all signs that the Canberra commercial market has reached the lowest end of its cycle.”

Purdue added that investors from Asia are looking increasingly towards the Canberra market due to its secure, long-term government tenants.

“The current wave of Asian capital is looking to diversify away from Australia’s core markets and into higher-yielding regions, such as Canberra,” he said.

“With some volatility in global markets, Canberra is increasingly being considered as a safe haven within the context of the wider Australian market place. Australia remains attractive for offshore investors who are drawn by the low Australian dollar, cost-effective borrowing and government stability, and should the global volatility continue there will be a case for the RBA to keep rates on hold, adding to the attractiveness of Canberra as a market.

“We are already receiving increased interest from Asian countries including Korea, Singapore and Malaysia. In December Korea’s FG Asset Management purchased the Louisa Lawson Building for approx. AUD$ 225 million, and we anticipate that this significant transaction will lead to more interest from these groups in 2016.”

Purdue said that Canberra hasn’t yet seen the influx of Chinese investors in the commercial market, although the residential market has seen plenty of interest.

Hotel buyers from Asia are seriously considering Canberra at the moment and actively seeking opportunities, he said.

“In addition to interest in the commercial office sector, we have recently received several enquiries for hotels in Canberra on behalf of Asian hotel groups. We expect this interest to continue.”

A final factor that may have a positive impact on the flow of Asian investment into Canberra, according to Purdue, is the potential upcoming announcement by Singapore Airlines that they may look at initiating direct flights between Canberra and Asia.

“As reported over the past week, if Singapore Airlines does create a direct flight between Canberra and Asia, this will continue to build the case as an investment destination for Asian investors,” he concluded.


What does CapitaLand’s sales in China tell us about a potential property market recovery?

A CapitaLand residential project in Xi'an sold out in four days after the COVID-19 restrictions were lifted

Property professionals across Southeast Asia are anxious to get back to business as normal. When exactly that will be is still uncertain, but we can look to China to see what a potential property market recovery in the region would look like.

Across the mainland, malls and offices have reopened as life resumes. Property sales offices have reported an uptick of action as property buyers look to take advantage of discounts or finalize transactions which began before or during the country’s lockdown. The early returns are promising for those hoping to see a rapid property market recovery in Southeast Asia.

See more:

Experts bullish on a Philippine property market rebound

According to the Straits Times, Singapore-based CapitaLand recorded residential sales of CNY1.3 billion (USD 184.5 million) in March. The firm’s Chinese arm began reopening sales offices throughout the month and is now operating at full capacity. The March sales total was 5.5 times greater than the homebuilder’s sales in January and February combined.

The developer, which is also active in Vietnam in addition to China and its home base of Singapore, has resumed work on nearly all of its unfinished projects and is now focused on meeting annual sales and handover targets. CapitaLand believes demand from residential real estate didn’t change due to COVID-19 and this will power the property market through 2020 and beyond.

CapitaLand Group China President Lucas Loh told the newspaper
 the main change between the start of the COVID-19 shutdown and now is that Chinese property buyers are more discerning. He also noted that transactions at the company’s projects in China have been healthy since the reopening of sales offices. This show a sustained underlying demand for new homes.

At the end of March, CapitaLand sold all 288 units at a township in Xi’an within four days of the project’s launch. The total gross sales value was CNY405 million (USD64 million). There were also strong sales at projects in Shanghai and Guangzhou with the company expecting more property buyers in the coming months.

For property professionals in Southeast Asia, this could be an indication of what to expect in areas where demand was strong prior to the COVID-19 outbreak. At the moment, those working in real estate should remain in contact with clients waiting for the situation to pass and prepare themselves for an influx of business once the situation has improved.


Cars, gems beat property

Luxury investments have broken more price records during 2015, with art and cars driving double-digit growth and outperforming London residential property investments.

During the 12 months to the end of September the value of the Knight Frank Luxury Investment Index (KFLII) rose by 10 percent. This compares with an 8 percent drop in the value of the London Stock Exchange 100 equities Index and a rise of only 1 percent for the top end of the London residential property market.

But the headline figure masks a mixed performance by the 10 asset classes in the KFLII. Classic cars (+18 percent) continue to top the league, but art was a close second – up 15 percent. Just behind wine on 7 percent as many Bordeaux vintages have now returned to a period of growth after prices slumped during 2011, said Nick Martin of Wine Owners.

Jewellery rose 5 percent, outperforming both prime London residential property and equities. Furniture was the only asset to record negative growth with a further 12-month drop of 6 percent.

A slew of stellar auction results throughout the year has kept luxury investments firmly in the media spotlight. Even furniture secured a new high for a living maker when a Marc Newson Lockheed Lounge sofa was sold in April for £ 2.4 million by Phillips.

Although no classic car has managed to beat the record set by Bonhams last year when it auctioned a 1962 Ferrari 250 GTO Berlinetta for US$ 38 million, eight of the 25 cars ever to have sold for more than US$ 10 million at auction went under the hammer in 2015. These included all-time highs for Jaguar (US $13.2 million), Porsche (US$ 10.1 million) and, interestingly because of its youth, McLaren (US$ 13.75 million).

Strong demand for coloured stones helped Bonhams set a new per-carat record for a spinel, when it sold the 50-carat Hope Spinel brooch for £962,500 in September.The short-term growth of coloured  diamond prices has been more muted. This is due to a lull in Chinese buyer activity, said Oren Schneider, co-founder of Adama Partners, a New York venture firm, and member of the board of advisors to the Fancy Color Research Foundation.

But a Hong Kong-based billionaire still set the all-time record for a gem or piece of jewellery when he bid US$ 48.4 million for the Blue Moon, a rare fancy vivid blue diamond auctioned by Sotheby’s Geneva during November. The day before he paid US$ 28.5 million for a vivid pink diamond sold by Christie’s.

Although Knight Frank does not include white diamonds in KFLII, larger stones have shown 5 percent annual growth over the past six years

“Diamonds, especially larger and rarer ones, could represent a viable means for wealth preservation owing to their increasing rarity and to their low correlation in prices with other assets.” said Ehud Laniado, principal of diamond pricing consultancy Mercury Diamond.

Contemporary and modern artists have performed particularly strongly, with Picasso’s The Women of Algiers setting an all-time auction high of US$ 179 million with Christie’s in May. Many other artists, including Modigliani (US$ 170 million) and Twombly (US$ 70.5 million) also scored personal bests.

However, Celine Fressart of art advisory business 1858 Ltd, said the market is less robust than the headline results would suggest, with a relatively high number of auction lots remaining unsold at many sales.

“Works that are fresh to the market will continue to achieve top prices, but things that have sold more recently won’t attract as much interest.

“Our clients are becoming more careful and more interested in the more affordable middle markets.”

Ralph Taylor, Head of Post-War and Contemporary Art at Bonhams, agreed that there can be an imbalance between quality and price. He says less known, but highly influential artists, such as Adolf Luther of the Zero movement, and Italy’s Lucio Fontana, offer real opportunities for the connoisseur.

The Knight Frank Luxury Investment Index (KFLII) tracks the performance of a theoretical basket of selected collectable asset classes using existing third-party indices. Each asset class is weighted to reflect its relative importance and value within the basket. The third-party indices selected are widely used by the media and analysts to track the performance of each asset class.


Casa Marina Premium is one of Vietnam’s most impressive tourism developments

Demand for tourism-focused residential developments in Vietnam has increased during the past few years. Investors are keen to tap into a growing tourism market while also having a holiday home in one of the country’s picturesque destinations. In this segment, Casa Marina Premium from BCG Land just might be the most impressive development to hit the market.

The ambitious project won Best Resort Villa and Tourism Development at the Dot Property Vietnam Awards 2020. Casa Marina Premium contains a mixture of villas and apartments that will be operated by the popular Radisson hotel brand. It is part of BCG Land’s Casa Marina Resort which has been an extremely successful project to date. Occupancy rates throughout the first phase are routinely at 100 percent during weekends and more than 70 percent during the week.

Casa Marina Premium can be found in Binh Dinh, a land of martial arts and culture that is also known for beautiful scenery and picturesque beaches. The region is an emerging destination that remains relatively pristine with unique natural features, such as rugged mountains and blue waters, attracting visitors.

Developer BCG Land was inspired by both this natural beauty and the region’s unique cultural heritage when designing Casa Maria Premium. The end result was a masterpiece that is truly worthy of such a wonderful location. The mountainous resort boasts villas facing the sea and each one offers a spectacular view of Quy Nhon Bay.

Casa Marina Premium won Best Resort Villa and Tourism Development at the Dot Property Vietnam Awards 2020

There are more than 160 villas at Casa Maria Premium with the residences spread across the surrounding green forest. Each villa possesses a stunning sea view that provides a peaceful living experience not found elsewhere in Vietnam. Design throughout the resort utilizes feng shui principles while modern elements ensure unmatched convenience.

However, the resort offers villa owners more than simply a wonderful experience. It is an outstanding investment as well. In addition to being able to stay at the property 15 nights per year, a guaranteed rental return has also been put in place by the developer. The end result is a smart investment where you can enjoy the best life has to offer.

Construction of Casa Maria Premium started in October of 2020 with villas to be handed over to owners in 2022 or 2023.

About BCG Land

BCG Land develops its projects with the noble aim of elevating the country’s property market while simultaneously building sustainable values that can be carried on by future generations. The firm looks for ways to incorporate renewable energy and environmentally friendly materials at all of its projects while minimizing the impact on ecosystems. BCG Land was named Best Sustainable Developer at the Dot Property Vietnam Awards 2020.


Cat Tuong Group once again proves it is one of Vietnam’s best developers

Best Community Developer Vietnam 2022

Best Sustainable Industrial Development Vietnam 2022 – AURORA Textile Industrial Park

Best Sustainable Landed Development Vietnam 2022 – Cat Tuong Park House

Ahead of 2020, Cat Tuong Group announced that this decade as vital for its business. The firm charted a path to growth as it aimed to elevate the Vietnamese real estate sector. The Dot Property Vietnam Awards 2022 were confirmation that the developer remains well on its way to accomplishing those lofty goals.

This year saw Cat Tuong Group collect three awards, including Best Community Developer Vietnam 2022. That was one of three honors the firm took home. AURORA Textile Industrial Park was presented with Best Sustainable Industrial Development Vietnam 2022 while Cat Tuong Park House was named Best Sustainable Landed Development Vietnam 2022.

Interestingly, the developer continues to find success across multiple segments of the property market. Not only is it a leader when it comes to the industrial segment, but its work in terms of landed developments featuring mixed-use components is among the country’s best.

Best Community Developer Vietnam 2022

Cat Tuong Group has also focused on green developments and sustainability which has helped the firm on its journey to becoming a leading property company.

Success at the Dot Property Vietnam Awards 2022 is another triumph for the firm which has recorded several victories over the past few years. At the Dot Property Southeast Asia Awards 2020, Cat Tuong Group was named Breakthrough Developer while Cat Tuong Western Pearl was honored with the award for Best Landed Development. It followed that up by winning Best Developer Southern Vietnam at the Dot Property Vietnam Awards 2021.

Read More:

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


Cave living: the answer to stress?

Modern life can be stressful: political and financial worries, work-related stress and societal pressure to always be happy, healthy and at the top of your game all add up.

According to a recent survey, work related stress, depression and anxiety alone were responsible for 9.9 million lost working days in the U.K. during 2014/15. At times the thought of ditching the strains of modern life and hiding out in a cave, hobbit-style, can be rather tempting. And with hundreds of cave houses available in the Spanish sunshine, many people are opting to do just that.

Martin Dell, Director of leading Spanish property portal Kyero.com, which lists more than 200,000 homes from 3,000 estate agents, said: “Spain is home to some wonderfully unique and quirky properties and its cave houses are some of the most intriguing. Built into hillsides and mountainsides, often with the rock being painstakingly hollowed out by hand, these homes offer truly individual environments for people looking for a different lifestyle.”

Cave houses are particularly prevalent in Granada: Kyero.com has hundreds of Granada cave homes listed as available for sale. They range from ‘unreformed’ cave homes from as little as €9,000 (essentially a hole in the mountainside, with no utilities) to extensive properties designed for luxurious off-grid living. In Bacor, a split-level cave home of more than 1000 sqm, flooded with natural light and complete with solar power and its own water supply is available for €475,000.

Sean Lummis of Spanish Inland Properties has been selling cave homes for more than a decade. According to Lummis, not every mountain is suited to cave homes, meaning that they tend to crop up in pockets.

He explained: “Cave homes tend to be situated on the outskirts of certain dreamy whitewashed Spanish towns and villages because the rock formation. For instance, in Galera the rock type consists of a type of sedimentary sandstone with layers of hard, almost horizontal rock interspaced with much softer layers, which in prehistoric times were dug by hand. The harder rock formed a layer impervious to water and provided the strength needed for a safe, secure roof to the caves.”

Piet Quekel of Cuevas-Spain Inmobiliaria has also been specialising in selling cave homes since 2005, having lovingly restored his own cave home, purchased in 2002.

He added: “Cave homes are plentiful in the Altiplano de Granada area. It’s a dramatically beautiful place, with big lakes, mountains, woodland and delightful little villages. Cave houses here come in many different shapes and sizes – their uniqueness is part of their charm. Generally a decent two bedroom cave house can be picked up for €40,000 to €60,000, while three bedroom ones range from €50,000 to €90,000.”

The delightful three-bedroom cave home at Fuente Nueva is a great example. Available for €64,000, the traditional style home includes three bedrooms, an office, large family bathroom, living/party room complete with indoor barbecue and separate lounge with wood burning stove. There’s also a spacious courtyard style patio garden with further barbeque and ample room for parking.

Cave houses were popular homes for Spaniards in the 1950s and 1960s, but as the 1970s progressed and the Spanish economy improved many cave dwellers left their homes in favour of the attractions of local villages, which at that time included such technological advances as roads, electricity, running water and plumbing.

Many cave houses stood abandoned until the 1990s, when water and electricity began to be brought to cave areas, sparking a slow increase in interest. Once streets were made to access the caves, foreigners caught on to the vision of owning them as cost-effective holiday homes and the cave home boom began in earnest. British, Dutch, Belgian, French, American and German second home buyers all found their imaginations fired up by the simplicity and peace of the Spanish cave houses.

Today, cave homes remain popular with buyers from overseas, as Kyero.com’s Dell explained.

“The financial crash in the late 2000s had a marked impact on cave home prices, just as it did on other types of property in Spain. Cave prices are slowly picking up again, but remain fairly low for the moment, meaning that there are some impressive bargains to be had for those buyers looking for a sun-kissed holiday home that is affordable, close to nature and highly individual.”

Cave house running costs tend to be low. As part of the mountain, they remain at around 16°C and 18°C throughout the year. It means they don’t require air conditioning in the summer and only need a little heating in the winter. Annual taxes are generally in the region of €250 for the average cave home, according to Spanish Inland Property’s Sean Lummis. Electricity costs much the same as in the UK, while a gas bottle is just €13.

Most modern caves come complete with internet access, electricity or solar panels, drinking water and terraces. Some also have gardens and swimming pools. According to Cuevas-Spain Inmobiliaria’s Piet Quekel,

“There are cave hotels, cave restaurants and cave B&Bs. There are caves in villages and there are caves in the middle of nowhere. For every taste there is a cave!”

The soft lines and curves of cave homes are often found to be calming by their owners, as are the breath-taking views and rural peace that many provide. The perfect antidote to the stress of modern life.


CBRE bullish on long-term office outlook in Asia Pacific

The office outlook in Asia Pacific is positive although firms now have different needs

The COVID-19 pandemic has not deterred major corporate occupiers from planning to increase their office footprint in Asia Pacific. CBRE’s 2021
Asia Pacific Future of Office Survey
 found that many companies will look to adopt greater flexibility and hybrid working models in addition to adding more physical space.

The consultancy expects employees will work from the office more often than they work from home once the pandemic passes but doesn’t expect most companies to fully embrace Work From Home (WFH). Instead, hybrid models are most likely to be utilize with these only having a limited impact on the long-term office outlook in Asia Pacific.

“Offices are set to drive collaboration and connectivity more than ever, and workplace design will need to be adjusted and recalibrated accordingly. CBRE expects demand for space allocated to unscheduled catch-ups and communal space to increase. As a result of hybrid working, companies will consider reducing the number of large meeting rooms as employees do individual work and conduct small project team meetings more frequently,” Ada Choi, CBRE’s Asia Pacific Head of Occupier Research, Data Intelligence and Management, pointed out. “At the same time, occupiers are likely to increase expectation on landlords to provide on-demand solutions and services for large meetings and events.”

Related:

Identifying key workplace trends for the second half of 2021

CBRE sees Asian businesses looking to expand as a key driver of the long-term office outlook in Asia Pacific. Tech companies and some investment and insurance firms will be those with the most demand.

“Investors should take note of the strong occupier intentions to expand over the medium term, particularly among Asian companies. Assets with a good tenant profile catering to market segments benefitting from growth, such as the technology; media and telecommunications sector; and Asia-based companies, are well-placed to outperform,” Dr. Henry Chin, Global Head of Investor Thought Leadership, and Head of Research, Asia Pacific, stated. “CBRE also advises investors to track growing occupier demand for assets offering wellness, technology and flexibility, and consider a service offering featuring flexible offices and meeting space on demand.”


CBRE highlights three Asia Pacific real estate investment strategies for 2023

The start of 2022 saw a flurry of investment activity in Asia Pacific with all signs pointing to a post-COVID recovery. That was, unfortunately, derailed by inflation, higher interest rates and geopolitical conflict with these concerns all set to spill over into next year.

CBRE recently highlighted three Asia Pacific real estate investment strategies for 2023 that take into account approach and risk appetite, among other factors. Each one provides investors with a roadmap on how to potentially address what looks to be an increasingly uncertain 12 months.

Conformist Investment Strategies

This concept encourages the purchase of high-quality prime office properties, logistics assets and multifamily properties in select locations. Each asset group offers the potential for yields but these may be lower than the other strategies which come with additional risk.

Contrarian Investment Strategies

The strategy here proposes the early disposal of logistics and multifamily investments which will be in demand. Proceeds should then go towards the purchase of hotels or retail properties. The former is set to benefit from a gradual recovery in international tourism driven by pent up demand while rents in the latter have largely bottomed-out and will likely rebound.

Vintage Investment Strategies

CBRE explains this strategy as acquiring assets on the public market, such as REITs trading below their NAV and other listed vehicles that are undervalued; debt investment and distressed opportunities; or blue-chip assets which may be discounted but won’t be for much longer.

Overall, CBRE believes each of these Asia Pacific real estate investment strategies can be deployed successfully in 2023 despite global challenges.

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Data Centers May Be The Philippine Real Estate Industry’s Next Big Growth Area

Singapore named Asia-Pacific’s top city for green commercial real estate

Singapore was named Asia-Pacific’s top city for green commercial real estate in a new Knight Frank report
 due to its low carbon emissions per person, ample green spaces and low urbanization pressures. However, only one other Southeast Asia city managed to finish in the top-20 with the region having more work to do in this area.

Three Australian cities placed in the top-five with Sydney (second), Perth (fourth) and Melbourne (fifth) all recognized. Wellington, New Zealand finished third. All of Asia-Pacific’s top cities for green commercial real estate shared similar attributes but are unique in their own ways.

“
Singapore
 stands out due to a comprehensive green building certification scheme and an ambitious plan to become a low-carbon built environment. Liveable cities like Sydney and Wellington boast ample green spaces that have been critical for inhabitants during prolonged lockdowns, providing a reprieve from highly urbanized lifestyles,” Christine Li, Knight Frank Head of Research, Asia-Pacific, said.


Here is what Cebu’s top health and wellness retirement development looks like

A home at Amonsagana, Cebu's top health and wellness retirement development

Are you ready to retire and get away from the hustle and bustle of city life? It is a question a lot of people are now asking themselves, especially if they are planning or transitioning from careers to an active retirement. The key is finding a health and wellness retirement development in a location you like.

The Philippines is one of Southeast Asia’s top retirement destinations. One reason for that is
the Special Resident Retiree’s Visa issued by the Philippines’ Bureau of Immigration
. It is arguably the best retirement visa in the region. Privileges for holders include multiple-entry access with the right to stay indefinitely in the Philippines.

In the country, Cebu stands out as a great place to retire to. It’s already a popular choice for Hong Kong, Japanese and South Korean retirees who enjoy the low cost of living, diverse landscapes and
direct access to their home countries via Mactan-Cebu International Airport
.

Amonsagana is the premier health and wellness retirement development in Cebu. It is located in the scenic Mandayao Hills of Balamban, a peaceful seaside town west of Cebu Island. You will be surrounded by lush, tropical landscapes and can enjoy breathtaking views of the local surroundings from the hilltops.

Apart from this idyllic location, Amonsagana residents are part of a community of independent, like-minded and active seniors. The result is a vibrant residential community that boasts plenty of recreational opportunities along with fun organized activities including ballroom dancing and tai-chi lessons.

Own a home in Cebu’s leading health and wellness retirement development

Every residence at Amonsagana has its own organic garden

Homes in Amonsagana are a sight to behold. First, the attention paid to the architectural details ensures an optimal living experience. There are concept living and dining rooms with high double-volume ceilings to maximize the spatial effects. The dormer roof with skylight, large glass windows and doors with louvers bring in natural light, ventilation and provide amazing views.

The interior layouts focus on ergonomics and circulation that also incorporate the mobility and access needs of residents. Staircases are designed to accommodate chair lifts if required and the garage is located with direct access into the house by stairs or ramp.

One of the features the developer is most proud of is the planned and planted organic garden which is ready for the homeowner as soon as they move in. You will be able to nurture it and watch it grow as you enjoy life at Cebu’s premier health and wellness retirement development.

Click here to learn more about Amonsagana


Celebrate Chinese New Year at home

Perfect the art of feng shui at home in time for Chinese New Year.

Since 25 percent of Malaysia’s population are of Chinese heritage, the impending Chinese New Year on 28 January is a big event in the calendar. Also known as Spring Festival and Lunar New Year, this year welcomes the tenth zodiac animal, the rooster. Those born in the year in the rooster are known for their organisation at home. So start the new year of with improving the chi (flow of energy) in your home with these simple feng shui techniques.

1. Quieten your front door.

If your front door creaks and groans when you open it, this is believed to be the sound of it crying. It will influence your mood as you enter and leave your home so address these squeaks with some oil to improve this positive energy.

2. Close the bathroom door.

Water is related to wealth so the idea of water being washed away raises concerns as people don’t want their money to be thrown down the drain. So keep the bathroom door closed and even the toilet seat down to reduce the loss of water, but don’t worry, water also comes back as its being drained so not everything is lost.

3. Peer above your kitchen cabinets.

A gap between the top of your wall hung kitchen cabinets and the ceiling is a magnet for stake energy and dust. Good feng shui dictates that there should not be a gap here as chi is not able to escape this space. Fill the space with green plants, any ornaments or lighting that are all able to transform the energy.

4. Place your bed in the commanding position.

By this it is meant that your bed should be facing the door when you lie down. However be careful that your bed is not in line with the door. The position of your bed is particularly important as we spend nearly a third of our lives asleep so this is important time to replenish your energy stores.

5. Avoid a television in your bedroom.

The television’s active energy can disrupt a good night’s sleep so keep your television out of your bedroom. But if you really cannot live without one, then make sure the television is covered to keep the active energy at bay.

6. Keep the eyes to your world clean.

Windows are the eyes to our world so keep them clean in order to help you visualise the world around us. This is a simple tip and will immediately help improve your outlook.


Celebrating the most luxurious developments in Southeast Asia

Raimon Land took home Best Luxury Condominium for The Estelle Phrom Phong

Southeast Asia is a global leader when it comes to luxury developments. From condominiums to hotels, 5-stars don’t do these winners justice. The Dot Property Southeast Asia Awards 2020 saw some of the region’s most notable luxury projects honored.

Best Luxury Condominium – The Estelle Phrom Phong

The Estelle Phrom Phong has turned a lot of heads since first launching. Developer Raimon Land promised a place that would be a sanctuary of luxury and the high-rise condominium has certainly delivered on that lofty promise. Residences have been painstakingly designed to ensure a peaceful experience that offers the absolute best. Fine marble can be found throughout each unit along with high-end fittings, furnishings and appliances. A select number of penthouses feature private elevators for an extra touch of privacy. The amazing residences are accentuated by luxurious amenities unmatched in the region.

Best Luxury Villa Development – Botanica Luxury Villas

Best Luxury Villa Development went to Botanica Luxury Villas

The first thing you notice about Botanica Luxury Villas is the bespoke design and large usable areas that range from 265 to 700 square meters. Each villa at Botanica Luxury Villas centers around a natural stone-tiled swimming pool that serves as the pièce de résistance to the free-flowing floorplan. The vaulted, teak wood ceilings create an elegant and authentic look throughout the villas while the concertina glass doors and transom windows above the doors add light and a positive feeling to the main area of the home.

Best Beachfront Luxury Hotel & Resort – The Pearl Hoi An

The Pearl Hoi An was named Best Beachfront Luxury Hotel & Resort

Just like its namesake, The Pearl Hoi An is a precious gem. The luxurious beachfront hotel and resort features beautiful sweeping designs that take full advantage of its pristine location. Nature can be found throughout The Pearl Hoi An as lush green spaces make their way around the property. Meanwhile, the resort’s high-end amenities and numerous recreational opportunities provide a world-class experience for guests.

Best Luxury Serviced Apartments – The Double View Mansions, Bali

The award for Best Luxury Serviced Apartments was presented to The Double View Mansions, Bali

The elegantly designed apartments of The Double View Mansions, Bali provide those staying here with beautiful vistas of the Balinese rice fields or the Indian Ocean. The luxurious views are matched by the sublime residences which feature high-quality finishings and designs that capture the natural beauty of Bali. It is all tied together with a wide range of services and amenities.


Change at the top for JLL

Real estate firm JLL has named Anthony Couse as its new Asia-Pacific Chief Executive Officer, succeeding Alastair Hughes who has announced that he will leave JLL on July 1, 2016.

Couse (pictured), who is currently Managing Director of Shanghai and East China, and Head of Capital Markets for China, will work closely with Hughes to ensure a smooth transition before assuming the Asia-Pacific head role effective June 1, 2016. He will report directly to JLL Chief Executive Officer Colin Dyer.

“During his 28 years with JLL, Alastair has made major contributions to the firm’s growth both in EMEA and in Asia-Pacific,” said Dyer.

“During the nearly eight years Alastair has been Asia Pacific CEO, we have doubled our revenue and increased profits seven times. We have cemented our leadership position in the market by opening many new offices, completing numerous strategic acquisitions and building a team of talented real estate professionals who provide high quality services to our clients every day.”

Hughes joined JLL in 1988 and served in a range of increasingly senior positions, including Managing Director of the firm’s UK business and CEO of the EMEA region, before being named CEO Asia-Pacific in 2008.

Dyer continued, “I have enjoyed working alongside Alastair since I joined JLL and thank him for his valuable service.”

Couse joined JLL in London in 1989, moved to Hong Kong in 1993 and then to Shanghai in 2006. His expertise includes leasing, consultancy and capital markets. He has been responsible for the firm’s strategic growth in East China, which includes the Yangtze Delta region, and extends further west to Wuhan and Changsha, including opening new offices in Wuhan and Nanjing.

He has aso been responsible for the overall strategic direction and day-to-day management of JLL’s Capital Markets business in China. Additionally, Couse oversees the firm’s Diversity & Inclusion initiatives for Asia-Pacific.

“I am fortunate to have had a long and enjoyable career with JLL and now is the right time to hand on the mantle,” said Hughes.

“It gives me great pleasure to know that the business will be in Anthony’s highly capable hands as the region continues to be a source of growth and momentum for the firm as a whole.”

“Alastair and the APAC management team built a very strong platform across the region, and I am confident that we will keep driving significant growth for the firm,” said Couse.

“I am excited to work with existing leadership to continue to develop our platform and deliver exceptional value for clients.”


Check out the Dot Property Philippines Awards 2021 Winners show now

The Property Philippines Awards 2021 Winners show live broadcast was an exciting celebration of the country’s real estate sector. Those that missed it can now check out the replay by either watching it above or
visiting our YouTube page by clicking here
. This show provides you with the opportunity to learn more about this year’s outstanding winners and their leading work.

Related:

Dot Property Philippines Awards 2021 celebrates the real estate sector’s resilience

For more great video content, be sure to subscribe to the Dot Property channel on YouTube.


Check out highlights from the Dot Property Southeast Asia Awards 2022

The Dot Property Southeast Asia Awards 2022 was an exceptional night filled with excitement and celebrations. This year saw 48 impressive developers, projects, real estate agencies and consultancies from across the region recognized.

Read More:

Here are the Dot Property Southeast Asia Awards 2022 winners

Here’s your chance to see everything that happened during the Dot Property Southeast Asia Awards 2022. Checkout the video above or
watch the highlights on the Dot Property Group YouTube channel
.

Want to be a part of the action in 2023?
Click here for the details on the Dot Property Awards 2023
.