Celebrating Excellence in Real Estate: Highlights from the PropertyGuru Asia Property Awards 2023
The PropertyGuru Asia Property Awards, a prestigious event in the real estate sector, recently held its grand final in Bangkok, where developers and designers from Greater China showcased their remarkable achievements. This year’s ceremony, held on December 13, recognized outstanding contributions across various categories, including overall development, retail, and residential projects.
New World Development: Best Developer in Hong Kong and Macau
Among the notable winners, New World Development clinched the title of Best Developer (Hong Kong and Macau). This accolade underscores the company’s commitment to excellence in property development and its significant impact on the region’s real estate landscape. The recognition reflects the company’s innovative designs and sustainable practices, setting a benchmark for others in the industry.
A Night of Triumph for Greater China
The evening was particularly triumphant for developers from Greater China. Zhuhai Huafa Properties Co., Ltd., having already secured the Best Developer (Mainland China) award earlier that day, went on to win the coveted Best Developer (Asia) title at the pan-regional event. Their projects, including the Shenzhen Huafa Snow World and Xi’an Huafa Lijun ‧Center Glorious, exemplify the high standards of design and functionality that are becoming synonymous with Chinese real estate.
Ken Ip, chairman of the Asia MarTech Society and chair of the awards, praised the winners, stating, “The remarkable properties they have created reflect a truly world-class environment.” His remarks highlight the impressive evolution of property development in China, showcasing structures that align with the country’s economic ambitions.
Recognizing Excellence Across Categories
The 19th annual PropertyGuru Asia Property Awards celebrated projects that had previously won at country-level competitions across Asia, including Indonesia, the Philippines, Thailand, and more. The grand finals, held at the luxurious Athenee Hotel in Bangkok, were part of the broader PropertyGuru Week, which also featured the Asia Real Estate Summit.
The awards were adjudicated by an independent jury composed of experts from various participating markets, ensuring a fair and rigorous selection process. Thien Duong, chairperson of the Grand Final, remarked on the impressive submissions, noting that this year’s winners demonstrated sustainable and functional designs that redefine excellence in property development.
Notable Winners and Projects
In addition to Zhuhai Huafa, several other developers from mainland China received accolades. The design firm Lead8 was recognized for its projects, including MixC Changchun and K11 Shanghai. Other notable winners included Jiang & Associates Creative Design for the Alibaba Beijing Chaoyang Science and Technology Park and Sybarite for SKP Chengdu.
Hong Kong and Macau also shone brightly at the awards. China Resources Land (Overseas) Limited and Poly Property (Hong Kong) Co., Limited won the Best Luxury Waterfront Condo Development (Asia) for their Pano Harbour project. Meanwhile, Lofter Group Limited was honored as Best Connectivity Condo Development (Asia) for its 1 Ki Lung Street project, having previously been named Best Boutique Developer at the Hong Kong and Macau awards.
Southeast Asia’s Strong Presence
Southeast Asia made a significant mark at the awards, with the Philippines leading the charge by securing the highest total of 12 awards. Notable Filipino winners included Federal Land, Inc., which was honored as Best Luxury Developer (Asia), and Aboitiz InfraCapital Economic Estates, recognized as Best Industrial Developer (Asia) for its LIMA Estate project.
Other countries in the region also performed well, with Malaysia taking home 11 awards, Indonesia achieving eight wins, and Singapore garnering eight pinnacle-level prizes. Thailand and Vietnam each secured four top prizes, while Cambodia celebrated a solo win.
A Bright Future for Real Estate
The 2024 PropertyGuru Asia Property Awards series highlighted the strengths of both emerging and established property markets, expanding to new regions while revisiting leading real estate destinations. Jules Kay, general manager of PropertyGuru Asia Property Awards and Events, noted the introduction of several first-time accolades, emphasizing the ongoing evolution of the real estate landscape in Asia.
The full list of winners from the 19th PropertyGuru Asia Property Awards Grand Final can be found here.
Conclusion
The PropertyGuru Asia Property Awards serve as a testament to the remarkable achievements in the real estate sector across Asia. With a focus on innovation, sustainability, and excellence, the awards not only celebrate the best in property development but also inspire future endeavors in the industry. As the landscape continues to evolve, the commitment to quality and design remains paramount, promising a bright future for real estate in the region.