<p><img alt="Aerial view of skyscrapers in Dubai, including the Burj Khalifa, currently the world's tallest human-made structure. Amazing Aerial/Shutterstock" src="/documents/10204/0/shutterstock_1056280973-compressor.jpg/6968bc5a-d55f-429b-9bc6-e53c6056aef4?t=1523259572225" style="width: 740px; height: 417px;" />The number of skyscrapers with heights of at least 200 metres is set to increase by 60 percent this year, the <a href="https://asia.nikkei.com/Economy/Super-skyscraper-completions-to-rise-60-in-2018" target="_blank">Nikkei Asian Review</a> reported, citing recent data from the Council on Tall Buildings and Urban Habitat (CTUBH).</p> <p>About 230 towers at such elevations are slated to finish construction in 2018, marking the sixth consecutive year of increases&nbsp;in supertall construction worldwide.</p> <p>China alone will account for 130 supertall buildings to be completed this year, up 70 percent from 2017. Led by the 528-metre tall China Zun office project in Beijing, buildings in the mainland will contribute to 60 percent of supertall completions this year.</p> <p><a href="http://property-report.com/detail/-/blogs/the-world-s-tallest-wooden-building-will-rise-in-jap-2" target="_blank"><strong>More:&nbsp;The world’s tallest wooden building will rise in Japan</strong></a></p> <p>The new additions will bring the count of ultra high-rise buildings in the world to more than 1,500 at the end of the year. This figure is thrice the number of completions in 2008 at the height of the global recession, the Review noted. &nbsp;</p> <p>Non-China countries are expected to account for almost 40 ultra high-rise buildings due for completion in Asia this year. Around 30 skyscrapers are slated to be finished in the Middle East alone.</p> <p>The stalled Jeddah Tower project in Saudi Arabia has resumed construction, executives with developer Jeddah Economic Company confirmed to reporters earlier this year. The USD1.5 billion development will rise 1,000 metres high, breaking the current height record held by the Burj Khalifa in Dubai.&nbsp;&nbsp;</p> <p>Kuala Lumpur, Taipei and Bangkok also have supertall projects on track for completion in 2018. Targeting an opening this year is The Exchange 106 in the new International Financial District in Kuala Lumpur. Rising 492.3 metres and 106 floors high, it will be the tallest building in Southeast Asia.</p> <p>The city previously held the global height record for the Petronas Towers.&nbsp;</p>
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<p><img alt="Long-tail boats along Phuket in Thailand. martinho/Shutterstock" src="/documents/10204/0/shutterstock_250098484-compressor.jpg/82105e8c-3b7e-471d-bf7b-38355a678012?t=1523441197563" style="width: 740px; height: 490px;" />The coasts of Southeast Asia are garlanded with some of the most beautiful beaches on earth, drawing visitors by the millions every year. Some of those visitors have decided to stay a little longer, cornering prime beachfront parcels to call home.</p> <p>For 13 years, the <a href="http://asiapropertyawards.com" target="_blank">PropertyGuru Asia Property Awards</a> series has recognised some of the region’s most well-designed, sustainable&nbsp;seaside residential properties. The following are just a sampling of the more memorable waterfront&nbsp;projects to have sprung around Thailand, Indonesia, Malaysia, the Philippines, Cambodia, and Vietnam in recent years.</p> <p>Who says you can’t be at the beach every week with these amazing properties?</p> <h4>1. Twinpalms Residences MontAzure</h4> <p><img alt="" src="/documents/10204/0/TWINPALMS-RESIDENCES-MONTAZURE-2.5-compressor.jpg/da64c645-1dba-4213-959e-50b7583d8440?t=1523440395019" style="width: 740px; height: 444px;" /></p> <p>Winner of Best Mixed-Use Development and a Special Recognition in Sustainable Development&nbsp;at the <a href="http://www.property-report.com/detail/-/blogs/propertyguru-thailand-property-awards-2018-embraces-high-growth-niche-segments-in-13th-ye-5" target="_blank">Thailand Property Awards</a>&nbsp;last year, MontAzure is a 450-rai project (72 hectares) along Kamala Beach in the west coast of Phuket. Winner of Best Condo Development (Phuket) in 2016, TwinPalms Residences is the first residential phase of the development, offering 75 low-rise condominium units with 100 metres of beach frontage.</p> <p>Surrounded&nbsp;with a range of onsite resort facilities, the main structure of the beachfront condominiums was completed last month. More than 70 percent of the units are already sold out, with potential for significant capital appreciation upon completion. In addition to Twinpalms Residences, MontAzure features an exclusive village for retirees (Kamala Senior Living), a plush hotel (InterContinental Phuket Resort), and a world-renowned beach club (Café Del Mar).&nbsp;</p> <h4>2. The Residences at Mandarin Oriental, Bali</h4> <p><img alt="" src="/documents/10204/0/MANDARIN-RESIDENCES-BALI-compressor.jpg/2d5b0b83-2821-46ef-9ab8-f3af0d9bb080?t=1523440624514" style="width: 740px; height: 371px;" /></p> <p>Beautiful villas are a dime a dozen in Bali but this project will have you eating, praying, and loving your way to the Indonesian island in no time. The Residences at Mandarin Oriental Bali is a cluster of 91 villas&nbsp;laid out on a gently sloping hillside in the Bukit Peninsula of&nbsp;Bali. Situated at the southernmost point of the island, the villas open to unobstructed, panoramic views of the Indian Ocean. The Residences, part of the 150-hectare luxury integrated project Bukit Pandawa Resort &amp; Golf, won several design honours at the <a href="http://www.property-report.com/detail/-/blogs/fourth-propertyguru-indonesia-property-awards-2018-to-celebrate-benchmark-setting-real-esta-3" target="_blank">Indonesia Property Awards</a> last year, including Best Luxury Landscape Architectural Design.</p> <h4>3. The Seagate Suite</h4> <p><img alt="" src="/documents/10204/0/Cambodia-mixed-use-Seagate-Suite-compressor.jpg/76fff33c-76f3-4037-bcaa-bbea30ac8303?t=1523269094000" style="width: 740px; height: 396px;" /></p> <p>Standing sentinel above Victory Beach in Sihanoukville, The Seagate Suite boasts views of both the sea and the Cambodian boomtown. The tropical breeze permeates through the 1,118 units of the 43-storey project, designed in styles ranging from northern European and luxurious baroque to minimalist. Winner of Best Residential Development for Sihanoukville at the <a href="http://www.property-report.com/detail/-/blogs/2018-propertyguru-cambodia-property-awards-the-winners-list" target="_blank">Cambodia Property Awards</a>, The Seagate Suite has&nbsp;a range of smart home products installed in every unit. If the sand and surf of Victory are not up to par, the building offers an infinity pool on the eighth floor with resplendent views of Sihanoukville.</p> <p><a href="http://property-report.com/detail/-/blogs/6-cool-reasons-why-niseko-luxury-is-on-top-of-the-wor-6" target="_blank"><strong>More:&nbsp;6 cool reasons why Niseko is on top of the world</strong></a></p> <h4>4. 8 Newport Boulevard</h4> <p><img alt="" src="/documents/10204/0/8-NEWTOWN-BOULEVARD-%281%29-compressor.jpg/95185182-9747-4554-bde4-6199bdfe9d30?t=1523440431200" style="width: 740px; height: 416px;" /></p> <p>Mactan Newtown&nbsp;is the&nbsp;first&nbsp;major&nbsp;township&nbsp;development with its own beach outside Metro Manila. Conceived by Megaworld, a pioneer in the development of live-work-play communities in the Philippines, the 30-hectare township offers nine high-end condominium towers. The first residential cluster in the township, 8 Newtown Boulevard, was the most decorated Cebuano project at the 2016 <a href="http://www.property-report.com/detail/-/blogs/propertyguru-philippines-property-awards-2017-winners-hope-for-a-green-future" target="_blank">Philippines Property Awards</a>, winning Best Condo Development in Cebu as well as two Highly Commended honours. Eight Newtown Boulevard features panoramic views of the Hilutungan Channel and Magellan Bay. The amenity deck is a joy to be in,&nbsp;featuring Japanese-inspired gardens and courtyards, plus an onsen spa. Residents may choose between the white-sand beach outside the building or the 60-metre infinity pool.&nbsp;</p> <h4>5. Queens Residences Q1&nbsp;</h4> <p><img alt="" src="/documents/10204/0/Queens-3-compressor.jpg/4d1721aa-fe95-4a6a-ad5f-38d4951ce411?t=1523440073480" style="width: 740px; height: 528px;" /></p> <p>Queens Residences Q1 won Best Condo Development for Penang at last year's <a href="http://www.property-report.com/detail/-/blogs/elite-shortlist-of-nominees-for-2018-propertyguru-asia-property-awards-malaysia-unveiled" target="_blank">PropertyGuru Asia Property Awards (Malaysia)</a>. Situated in front of Bayan Bay, the 500-unit project gives residents generous views of Pulau Jerejak and Penang’s landmark bridges. The project will come with its own marina, with water taxis conveying residents to Straits Quay and other points along the bay. One of the project's quirks? A&nbsp;frameless glass infinity pool that should give you literally immersive views of the sea.</p> <h4>6. Panorama Nha Trang</h4> <p><img alt="" src="/documents/10204/0/PANORAMA-%281%29-compressor.jpg/212065a7-878a-4ddc-937d-a82c4db8e2f2?t=1523439751075" style="width: 740px; height: 416px;" /></p> <p>Panorama Nha Trang took home the highly coveted Best Condo Development trophy at the <a href="http://property-report.com/detail/-/blogs/the-winners-list-propertyguru-vietnam-property-awards-2017" target="_blank">Vietnam Property Awards</a> last year, in addition to a gong for Best Condo Architectural Design. The project is truly one-of-a-kind, offering 1,112 condotel units by Nha Trang Bay. The tower is only a few steps away from the beach but residents are likely to enjoy the saltwater infinity sky pool. Unlike most others, the pool&nbsp;contorts to the building’s unique ellipse shape, intended to make the most of the gorgeous Nha Trang&nbsp;views.</p>
6 award-winning beachfront properties in Southeast Asia
<p><img alt="Aerial view of Ho Chi Minh City, Vietnam. Tonkinphotography/Shutterstock" src="/documents/10204/0/shutterstock_759434539-compressor.jpg/cbcba15c-d056-410c-a6a8-545a189e171e?t=1523349946752" style="width: 1000px; height: 667px;" />Ho Chi Minh City may expect tens of thousands of units in new apartment supply in the next four years, according to the most recent quarterly briefing from Savills Vietnam.</p> <p>Around 93 projects are set to contribute more than 122,000 units to Vietnam’s largest property market through 2020, the consultancy stated in the report.</p> <p>Over 10,500 units from 13 new projects in the city were launched in the first quarter of 2018 alone. These include advanced phases of nine active projects.</p> <p>Overall, primary supply&nbsp;in the city stood at 28,600 units as of Q1 2018, down 32 percent year-on-year and 13 percent quarter-on-quarter.</p> <p>District 9, one of the city’s more progressive suburban enclaves, will account for 32 percent of future supply until 2020, Savills Vietnam predicted. Around 61 percent of the new homes will be grade C units.</p> <p><a href="http://property-report.com/detail/-/blogs/top-brands-behind-the-annual-propertyguru-vietnam-property-awards-2018-gala-dinner-unveil-1" target="_blank"><strong>More:&nbsp;Top brands behind the annual PropertyGuru Vietnam Property Awards 2018 unveiled</strong></a></p> <p>Already, sales of grade C units took up 62 percent of sales in Q1 2018. However, sales performance across all grades have been strong, increasing 51 percent year-on-year to 13,500 deals, although this constituted a drop of 11 percent quarter-on-quarter.&nbsp;</p> <p>The first quarter also saw the addition of over 770 townhouses and villas. From Q2 2018 to 2020,&nbsp;supply of townhomes and villas could top 17,000 dwellings or plots, the consultancy noted, with most situated in the city's eastern districts will&nbsp; dominate with 60% market share.</p> <p>More than 1,100 serviced apartment units will hit the city in the&nbsp;last nine months of 2018.</p> <p>The Vietnamese economy has been benefiting from an upswing in overseas buyers, thanks to a raft of housing laws introduced in 2015 that streamlined processes for foreigners to buy property in the country.</p>
Record apartment supply to hit Ho Chi Minh City
<p><img alt="Phnom Penh in the early morning of 3 April. noomcpk/Shutterstock" src="/documents/10204/0/shutterstock_1063211387-compressor.jpg/b43759c6-f4c3-4971-839f-e5fdafc96da6?t=1523268530000" style="width: 740px; height: 494px;" />Standalone projects are fast becoming a thing of the past&nbsp;in Cambodia.</p> <p>If the results of the PropertyGuru Cambodia Property Awards in March were any foreshadowing of the future of Khmer real estate, developers are angling for mixed-use projects more than ever in the kingdom.</p> <p>From Phnom Penh and Siem Reap to Sihanoukville, developments are integrating residential, commercial, retail and hospitality components in a single site — to the pleasure of discerning home seekers and property investors.</p> <p>Cambodia has seen a&nbsp;22 percent year-on-year increase in construction investment during the past year, causing land prices to rise and the urban landscape in Phnom Penh to transform from a low-rise capital into a high-rise hub. “The real estate industry has indeed played a vital role in Cambodia’s economic growth. In recent years, it has evolved so rapidly, attracting major investors from around the region to invest in Cambodia’s real estate and construction sectors,” noted Sorn Seap, founder and director of Key Real Estate Co., Ltd., the returning chairman of the judging panel.</p> <p>Here are some amazing mixed-use developments to look forward to in Cambodia:</p> <h4><strong>Greater Euro Ville</strong></h4> <p><img alt="" src="/documents/10204/0/Cambodia-mixed-use-Greater-Euro-Ville-compressor.jpg/b0532e24-1518-4343-89d8-3ae469318d52?t=1523268987111" /></p> <p>This 30-hectare project has been adjudged the kingdom’s Best Mixed Use Development at the 2018 Cambodia Property Awards. The development is in good hands, having been conceived by the night’s biggest winner, Borey Peng Huoth Group, which won Best Developer for the third consecutive year. Inspired by historical European architecture with just enough hints of Khmer heritage, Greater Euro Ville consists of a spacious MICE centre (Euroville Convention Hall), a thematic leisure park (EuroPark), a shopping promenade (Euroville Retail Boulevard), and a housing component (Euroville Residencies).</p> <h4><strong>One Park by GRED </strong></h4> <p><img alt="" src="/documents/10204/0/Cambodia-mixed-use-One-Park-compressor.jpg/49ca16a5-17b8-4c78-bf51-7e9b00b6d36c?t=1523269018480" /></p> <p>This brainchild of Graticity Real Estate Development Co., Ltd won Best Mixed Use Landscape Architectural Design for good reason. Its landscape area stretches for more than 33,000 square metres, covering more than 50 plant species and over 1,000 trees, criscrossed by meandering walkways and jogging paths. A 650-square-metre network of water features simulate rivers, waterfalls and lakes through this lush vegetation, with 1,370 square metres allotted for multiple swimming pools. There are eight themed gardens, in addition to&nbsp;sky gardens atop the tower blocks strewn across the lot. Half of the project's 79,000-square-metre land area is devoted to greenery, a rarity in Cambodia.</p> <h4><strong>CEO KT Pacific </strong></h4> <p><img alt="" src="/documents/10204/0/Cambodia-mixed-use-CEO-KT-Pacific-compressor.jpg/01e4a851-ee58-4385-8ad0-7521e5095dbe?t=1523269042817" /></p> <p>LIXIN Construction was one of the biggest winners at this year's awards. Its bragging rights? Three gongs for CEO KT Pacific, its sprawling mixed-use collaboration with KT Pacific Group. CEO KT Pacific rises 36 storeys high, topped with a 30-meter-long infinity pool, sky bar, and scenic runway that command nonpareil views of central Phnom Penh. Below, the building offers&nbsp;106 well-equipped office units and a slew of residential products, including&nbsp;842 one- and two-bedroom apartments.</p> <p><a href="http://property-report.com/detail/-/blogs/propertyguru-cambodia-property-awards-2018-honours-maturing-property-market-aspiring-for-best-practi-16" target="_blank"><strong>More:&nbsp;PropertyGuru Cambodia Property Awards 2018 honours maturing property market</strong></a></p> <h4><strong>The Parkway </strong></h4> <p><img alt="" src="/documents/10204/0/Cambodia+mixed-use+The+Parkway+%281%29.jpg/29cb86f4-0e97-46ae-b935-19bcace8d4b4?t=1523269066676" /></p> <p>Parkway Investments Co., Ltd. is aiming big with its eponymous development, which is being called the largest mixed-use complex under construction in the Phnom Penh valley. Sprawling for 12,000 square metres, The Parkway combines high-end, earthquake-resistant office towers and apartment buildings. Prospective residents can choose from apartments in sizes ranging up to 300 square metres.&nbsp;Visitors can traipse around the 5,000-square-metre gardens on the roof of the podium with an infinity sky pool. The facilities deck stretches for 1,500 square metres, while every alternative floor offers a public green space. The area will give rise to various supermarkets, department stores,&nbsp;F&amp;B options, entertainment venues, healthcare facilities, and so much more.</p> <h4><strong>The Seagate Suite </strong></h4> <p><img alt="" src="/documents/10204/0/Cambodia-mixed-use-Seagate-Suite-compressor.jpg/76fff33c-76f3-4037-bcaa-bbea30ac8303?t=1523269094835" /></p> <p>Flying the flag high for Sihanoukville is KHCN Investment and Development Co., Ltd., which won Best Residential Development in the Khmer resort town with its Seagate Suite project. Envisioned as a symbol of the spirit of Cambodia, the USD200 million project has 1,118 homes on offer, in addition to 280 hotel keys and 3,000 square metres of leasable office and retail space. Each residential unit in the project maximises views of the fast-growing city, thanks to painstaking computer simulations during the design process by Shenzhen-based architecture studio Depus. Residents also have the best possible views of Sihanoukville from the eighth-floor infinity pool, which is lined with an artificial beach. The Seagate Suite has its own spa, plus a multi-functional conference centre and international banquet hall.</p> <h4><strong>Phnom Penh City Center </strong></h4> <p><img alt="" src="/documents/10204/0/Cambodia-mixed-use-Eden-Park-compressor.jpg/4dbf2bfb-2270-496d-ae50-5e04030269c7?t=1523269120379" /></p> <p>Last year’s big winner made an encore appearance in this year’s awards with its Eden Garden component taking home Best Retail Development and Best Universal Design Development. Eden Garden is unique in that it is the first outdoor retail strip in Phnom Penh to operate 24 hours a day. It boasts a good tenant mix of cinemas, bars, clubs, and restaurants, in addition to sprawling public green spaces. The project is within easy reach of aspiring entrepreneurs, with rental prices averaging at USD25 per square metre.</p>
Where to find Cambodia’s most exciting mixed-use developments
<p><img alt="Ron Bakker" src="/documents/10204/0/Ron-Bakker-lead-compressor+1.5.jpg/6dbd70c5-488b-49b3-ad42-9224a225feca?t=1522147695999" />Renowned architect Ron Bakker is expected to grace the second outing of the <a href="http://asiarealestatesummit.com" target="_blank">PropertyGuru Asia Real Estate Summit</a> in November at The Athenee Hotel in Bangkok.</p> <p id="yui_patched_v3_11_0_1_1522818563176_389">The founding partner of PLP will attend the high-level conference on 9 November to discuss the London-based architecture firm’s groundbreaking work on The Edge, the world's most sustainable and smartest building.</p> <p>The famed Amsterdam edifice uses 30,000 sensors that feed into a central smart system, allowing it to intelligently manipulate lighting, humidity, and other conditions, keeping utility costs low.&nbsp;A net-zero energy building, The Edge generates all the clean power it needs.&nbsp;</p> <p>Mounted by Asia’s foremost online property company PropertyGuru, the two-day Asia Real Estate Summit will gather top-level business leaders and decision-makers to exchange empowering ideas on disruption, digital innovation, smart cities and buildings, automation, blockchain, fintech and proptech.</p> <p><a href="http://property-report.com/detail/-/blogs/8-things-we-learned-about-smart-cities-at-the-asia-real-estate-sum-12" target="_blank"><strong>More:&nbsp;8 things we learned about smart cities at the Asia Real Estate Summit</strong></a></p> <p>Joining Bakker in the summit is Anthony Arundell, director of smart cities and sustainability for One Bangkok, a new mixed-use development in the Thai capital. He will be speaking in a highly anticipated panel discussion on big data.</p> <p>Sigrid Zialcita, managing director for Asia Pacific research at Cushman &amp; Wakefield, is returning&nbsp;this year to deliver a talk on intelligent facilities management.</p> <p>Ani Bhalekar, the head of Accenture’s Internet of Things and mobile practices for its ASEAN division, is also confirmed to be in attendance.</p> <p>Last year, the Asia Real Estate Summit series welcomed more than 500 delegates and members of the press&nbsp;and 60 expert speakers and thought leaders.</p> <p>Previous keynote speakers and expert speakers at the summit include Dr. Liu Thai Ker, Singapore’s former master architect-planner; Shailesh Rao, board director at Jones Lang LaSalle and former vice-president at Twitter; former Thailand Finance Minister Korn Chatikavanij; and Malaysian Deputy Finance Minister YB Dato’ Lee Chee Leong.</p> <p>Held across three cities – Kuala Lumpur, Bangkok and Singapore – the 2017 Summit series enjoyed the support of top global brands such as Kohler, THAI Airways, Regus, Techsauce, and the Royal Institution of Chartered Surveyors (RICS).</p>
This is your chance to catch smart building architect Ron Bakker in Bangkok
<p><img alt="Simon Rawlings has served as creative director of David Collins Studio since 2007" src="/documents/10204/0/SIMON-RAWLINGS-PORTRAIT-2-compressor.jpg/3afb0046-004a-47f4-9be9-45ec33d3bd45?t=1521543410804" />It takes a designer on Simon Rawlings’ level to know the perfect finished product needs to go beyond a choice of attractive furnishings, textures and materials. An empathic understanding of the client shines through in the Welsh-born interior stylist’s critically acclaimed, star-studded oeuvre.</p> <p>Rawlings has been at the artistic helm of David Collins Studio since its eponymous founder’s passing in 2013. As the London-based design firm’s creative director since 2007, Rawlings led a string of projects that went on to win&nbsp;coveted honours&nbsp;including the coveted Prix Versailles 2016 for Alexander McQueen, Paris and multiple Best Bar in the World gongs for the Artesian at The Langham, London.</p> <p>Rawlings, who has worked for David Collins Studio since the late 1990s, recently put his firm’s stamp on the Ritz-Carlton Residences, a 209-unit luxe residential project lodged in&nbsp;<a href="http://www.property-report.com/detail/-/blogs/thailand-real-estate-relentless-expensive-and-highly-desira-13">MahaNakhon</a>, Thailand’s tallest edifice. The residential component of the 76-storey tower, with its Jenga-like, pixelated form,&nbsp;initially presented a challenge to Rawlings but eventually became a showcase of the designer’s penchant for the unexpected.</p> <div class="pull-quotes-container">Emotion is very much a part of my design process. I want people to feel different as they come through the door</div> <p>A plan to <a href="https://www.1stdibs.com/introspective-magazine/david-collins-abcdcs-book-review/" target="_blank">create a postcard-size snapshot</a> of the MahaNakhon project evolved into a monograph, ABCDCS, published in 2014. It features a foreword by Madonna, just one of the studio’s famous clients.</p> <p>Whether he is designing a shoe store, sandwich shop, or luxury residences, Rawlings takes into account the power of human feeling into his commissions. His designs aim to please, factoring in practicalities of space to give customers, diners and residents alike the most ambient levels of comfort.&nbsp;</p> <p>Property Report caught up with Rawlings on a recent tour of the Ritz-Carlton Residences at MahaNakhon:</p> <h4><strong>How do you feel about this project now that your role is&nbsp;finished?</strong></h4> <p>What's really amazing about this building is that because of the pixelated design, every apartment layout is almost unique. At the beginning it was a real challenge, but it's actually a very appealing feature. When you visit your neighbor,&nbsp;it’s a completely different apartment.</p> <p>I think the loft-living style that is so common in apartments now is a bit difficult to live in. Very few people want just one big space, so I’ve applied the rules of a house here, with a hallway and separate rooms you can close off.</p> <p><img alt="Rawlings' eye for fashion inspired the unusual combination of muted greens and blues in the shared lounge " src="/documents/10204/0/SIMON-RAWLINGS-2-compressor+%281%29.jpg/c799dc02-c771-4340-8297-6cee973151c8?t=1521546238505" /></p> <h4><strong>Do you have a design philosophy?</strong></h4> <p>The way I approach every project is the same – whether it be private homes, retail, restaurant or hotel design. I first try to understand the feeling I’m looking to create. Emotion is very much a part of my design process. I want people to feel different as they come through the door. I hope there is a feeling of having arrived somewhere special but not intimidating.</p> <p>Then I think about how a space works, and the practicalities of living in it. In a building the size of MahaNakhon I have to be very careful. I want to remember that if you're coming in and out four or five times a day, there would be nothing worse than having a 15-minute walk from the front door to the elevator.</p> <p>The final piece of the puzzle is really giving it a cultural relevance. I always spend time in the country where the project is, embracing and understanding how people live and the materials, the colors, the textures, and how they all come together. Then it evolves into the finished design.</p> <p><a href="http://property-report.com/detail/-/blogs/meet-hong-kong-s-smartest-archite-9" target="_blank"><strong>More: Meet Hong Kong's smartest architect&nbsp;</strong></a></p> <h4>How did you give a sense of cultural relevance in these residences?</h4> <p>I think it’s really important that you wake up knowing where you are in the world. While I certainly didn’t want the design to feel themed or overly Thai, little things like carved tables, the rattan&nbsp;and Thai silk furnishings give you that sense of place.</p> <p>All the art we’ve used is by Thai artists, many of which I found at Chatuchak market and commissioned, briefing them on the design and colour pallet. We've also referenced a panel system a lot, which can be seen in a lot of old Thai architecture and is really beautiful.&nbsp;</p> <h4><strong>You’ve used quite quirky colour combinations in the common areas, how do you know what will work?</strong></h4> <p>I refer a lot to fashion when it comes to colour combinations, because in the world of fashion you can be a little bit braver. While I’ve been a bit bold in the colour selection, they are slightly muted tones, so they have a lovely balance. If I had used sharp colours it wouldn’t work as well.</p> <p>I like to think that I've put together colors in these public areas for people to enjoy that they wouldn't necessarily be brave enough to do in their own apartments.</p> <h4><strong>What’s your biggest challenge when it comes to designing?</strong></h4> <p>We live in a world of crazy social media influence, and with every new project I always remind my team that we’re designing interiors – not photographs. So many images on Instagram look amazing because they have been designed as a photograph, but I want to create spaces for people to live in. People should feel proud to bring friends and family home, but also comfortable enough to take their shoes off and put their feet up. I don’t want it to be precious, I want it to be liveable.&nbsp;</p> <p><em>More images of the Ritz-Carlton Residences below:</em></p> <p><strong><img alt="" src="/documents/10204/0/SIMON-RAWLINGS-3.3-compressor.jpg/7395d1ed-8723-409c-a4d7-5dae41a4cd33?t=1521543890969" /></strong></p> <p><img alt="" src="/documents/10204/0/SIMON-RAWLINGS-8.8-compressor.jpg/384e4803-132c-4d8d-a43a-50f84b7343a0?t=1521628023404" /></p> <p><strong><img alt="" src="/documents/10204/0/SIMON-RAWLINGS-4.4-compressor.jpg/a270c03d-fc34-4bdb-880e-95d99aa9a0f9?t=1521544003384" /></strong></p> <p><img alt="" src="/documents/10204/0/SIMON-RAWLINGS-6.6-compressor.jpg/a85f250c-4ef8-4f23-9ba8-03f1a87f62b6?t=1521544226000" /></p> <p><img alt="" src="/documents/10204/0/SIMON-RAWLINGS-5.5-compressor.jpg/6db119db-d8df-4d7d-8231-30d83bbafe6c?t=1521544119251" /></p> <p><img alt="" src="/documents/10204/0/SIMON-RAWLINGS-7-compressor+%281%29.jpg/617ca9c1-d0c9-4a90-8ef0-185fd59d69b5?t=1521545356647" style="cursor: default; background-color: rgb(255, 255, 255);" /></p>
A conversation with interior designer to the stars, Simon Rawlings

About 230 supertall buildings to be completed in 2018

Aerial view of skyscrapers in Dubai, including the Burj Khalifa, currently the world's tallest human-made structure. Amazing Aerial/ShutterstockThe number of skyscrapers with heights of at least 200 metres is set to increase by 60 percent this year, the Nikkei Asian Review reported, citing recent data from the Council on Tall Buildings and Urban Habitat (CTUBH).

About 230 towers at such elevations are slated to finish construction in 2018, marking the sixth consecutive year of increases in supertall construction worldwide.

China alone will account for 130 supertall buildings to be completed this year, up 70 percent from 2017. Led by the 528-metre tall China Zun office project in Beijing, buildings in the mainland will contribute to 60 percent of supertall completions this year.

More: The world’s tallest wooden building will rise in Japan

The new additions will bring the count of ultra high-rise buildings in the world to more than 1,500 at the end of the year. This figure is thrice the number of completions in 2008 at the height of the global recession, the Review noted.  

Non-China countries are expected to account for almost 40 ultra high-rise buildings due for completion in Asia this year. Around 30 skyscrapers are slated to be finished in the Middle East alone.

The stalled Jeddah Tower project in Saudi Arabia has resumed construction, executives with developer Jeddah Economic Company confirmed to reporters earlier this year. The USD1.5 billion development will rise 1,000 metres high, breaking the current height record held by the Burj Khalifa in Dubai.  

Kuala Lumpur, Taipei and Bangkok also have supertall projects on track for completion in 2018. Targeting an opening this year is The Exchange 106 in the new International Financial District in Kuala Lumpur. Rising 492.3 metres and 106 floors high, it will be the tallest building in Southeast Asia.

The city previously held the global height record for the Petronas Towers. 

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    <p><img alt="The Sunnyvale, CA headquarters of Amazon Lab 126, an inventive research and development company that designs and engineers high-profile consumer electronic devices. jejim/Shutterstock" src="/documents/10204/0/shutterstock_379912069-compressor.jpg/17aabb99-5ce5-4033-b634-ffb4e369b969?t=1524566226325" style="width: 1000px; height: 667px;" />After unleashing the game-changing Echo range of smart assistants on the world, Amazon will be pulling out all the stops on artificial intelligence.</p> <p>The tech giant is said to be building a domestic robot named Vesta after the mythological goddess of the hearth, Bloomberg revealed.</p> <p>Vesta will build on the Echo’s Alexa technology and essentially give it more mobility, “accompanying” customers, people familiar with the matter told Bloomberg. Prototypes of Vesta can navigate through homes “like a self-driving car.” &nbsp;</p> <p>Amazon may test the prototypes in employees’ homes this year, and the robots may be ready for the market as early as 2019, at the rate work on Vesta is going.</p> <p><a href="http://property-report.com/detail/-/blogs/this-is-your-chance-to-catch-smart-architect-ron-bakker-in-bangk-6" target="_blank"><strong>More:&nbsp;This is your chance to catch smart building architect Ron Bakker in Bangkok</strong></a></p> <p>Murmurs that the project is ramping up grew stronger after Amazon posted robotics-related job ads for its hardware research and development unit Lab126. The Sunnyvale, California company is responsible for Amazon devices such as Echo speakers, Fire TV set-top-boxes, and Fire tablets.</p> <p>The project is distinct from products designed by Amazon Robotics, Bloomberg’s sources said.</p> <p>Amazon has been making robots for warehouses since it bought Kiva Systems for USD775 million in 2012.</p> <p>Amazon did not return Bloomberg’s request for comment.</p> <p>Consumer robots are a rapidly growing market, projected to burgeon to almost USD15 billion by 2023, according to a 2017 Research and Markets report. Sony&nbsp;Corp&nbsp;and LG Electronics Inc have rekindled interest in robotics, showing off creations named Cloi and Aibo at this year's CES.&nbsp;</p>
    Does Amazon have a secret smart home robot on the way?
    <p><img alt="Thousands of units being added to Bangkok's condo market. Nattakit Jeerapatmaitree/Shutterstock" src="/documents/10204/0/shutterstock_311857937-compressor.jpg/4e755d79-b568-4c00-81c4-bed4000acf6b?t=1524563272513" style="width: 1000px; height: 668px;" />Bangkok’s condominium market added as much as 14,600 units in the first quarter of 2018, a 35 percent jump from figures reported in the same period last year, per <a href="https://www.thailand-business-news.com/real-estate/68697-bangkok-condo-market-jumps-35-in-q1.html" target="_blank">Thailand Business News</a>.</p> <p>Majority (66 percent) of new condo launches were clumped around rapid transit systems in the city, according to property market researcher Surachet Kongchep.</p> <p>Around 4,400 units were released in the area stretching from Rama 9 Road to Huay Khwang in the first quarter, he noted.</p> <p>Nearly 15,630 units had been launched in&nbsp;the fourth quarter of last year, in comparison, the highest inrush of new homes in the Thai capital in a few years, according to Colliers Thailand.</p> <p><a href="http://property-report.com/detail/-/blogs/this-is-your-chance-to-catch-smart-architect-ron-bakker-in-bangk-6" target="_blank"><strong>More:&nbsp;This is your chance to catch smart building architect Ron Bakker in Bangkok</strong></a></p> <p>Condominium units in the city enjoyed a 56 percent take-up rate on average during this period, the consultancy added.</p> <p>Up to 55 percent of units released in Q1 2018 were sold, Surachet Kongchep reported.</p> <p>One of the more successful companies during the quarter was Bangkok-listed AP (Thailand), which booked presales of THB10 billion (USD318 million), up 168 percent from Q1 2017. Condominium projects accounted for THB4.8 billion of the company’s haul.</p> <p>Approximately 553,900 condominium units were completed and registered in Bangkok as of the fourth quarter of last year, data from Colliers Thailand showed.</p>
    Bangkok launches surge 35% in Q1
    <p><img alt="" src="/documents/10204/0/PPA+2018_Shortlist_Artwork.jpg/bb2d933c-d3b3-4e5c-b02e-789e9777f732?t=1524562517271" style="width: 740px; height: 521px;" /></p> <p>Nineteen individual companies have been officially shortlisted for the 2018 PropertyGuru Philippines Property Awards, presented by Kohler, after a rigorous&nbsp;eight-month period that covered supervised deliberations and site inspections.</p> <p>The diverse shortlist is led by Megaworld Corporation, two-time winner of the coveted Best Developer award. The Dr Andrew Tan-led firm this year earned a total of eight nominations, including nods for its subsidiaries Empire East, Suntrust Properties and Global-Estates Resorts Inc. (GERI).</p> <p>Known for its pioneering township development across the country, Megaworld is the only shortlisted company in two new Best Township Development and Best Township Architectural Design categories.&nbsp;</p> <p>Next in line with seven nominations is SM Keppel Land Inc., the team behind the acclaimed mixed-use complex The Podium, which is currently being redeveloped and expanded. All of SM Keppel Land’s nods are for this project, including shortlists for office, retail, landscape design, and green development.</p> <h3><strong>Metro Cebu&nbsp;and Ilolio</strong></h3> <p>This year, several developers with current projects in Metro Cebu and Ilolio also made the cut, led by boutique developer ArthaLand Corporation and its Cebu Lavana Land Corporation subsidiary, which earned a combined five nominations.&nbsp;</p> <p>Other provincial developers on the list include Cebu Landmasters, AppleOne Mactan, Grand Land, and Canyon Estates Incorporated / G2 Global Incorporated, with a collective haul of 13 nominations.</p> <p>Along with established nominees such as Ortigas &amp; Company, Alveo Land, and Century Properties Group Inc, a few emerging developers and companies also made the elite shortlist, including D.M. Wenceslao &amp; Associates, Crown Asia Properties, Grand Taipan, Exquadra, and Posco.</p> <p>Dr Jaime A. Cura, PhD, vice-chairman of The RGV Group of Companies, and chairman of the judging panel, attributed the appearance on the shortlist of these emerging companies to the underlying strength of the Philippine real estate sector.</p> <h3>'Standout in this part of the world'</h3> <p>“The Philippines has an active market with quality projects in all segments of the real estate sector. There is healthy competition among a growing number of developers. Besides the big players who dominate the market, there are new entrants almost every year who aggressively launch several projects at a time,” said the new head judge.<br /> <br /> On the heels of the national government’s bullish ‘Build, Build, Build’ initiative, Dr Cura said the local real estate sector “continues to be a standout in this part of the world,” and the PropertyGuru Philippines Property Awards exists to recognise the continuing emergence of innovations in design, production, and marketing among developers.</p> <p>“With the adoption of global practices in real estate marketing, a strong financial system that provides both development and buyer financing across all sectors, and the adoption of new technologies, including green technology, in the design and construction of structure, the Philippine property industry remains strong.”</p> <h3>Consistent performance in last 5 years</h3> <p>This year’s shortlisted developers will be recognised as Winners and Highly Commended at the exclusive gala dinner on Friday, 11 May 2018, at the ballroom of the Fairmont Makati. There are more than 25 competition and special awards at stake.</p> <p>Around 300 senior executives and VIPs are joining the black-tie event, including H.E. Dr. Ernesto M. Pernia, the country’s socioeconomic planning secretary and director-general of the National Economic and Development Authority (NEDA), who is scheduled to grace the ceremony.</p> <p>Terry Blackburn, founder and managing director of the PropertyGuru Asia Property Awards programme, said: “Congratulations to all the shortlisted companies in the Philippines. The local property sector has performed so consistently in the last five years as we’ve seen over the past editions of the Philippines Property Awards, and we can only look forward to its bright future ahead as the sector continues to be major contributor to the national economy and, indirectly, the tourism industry.”</p> <p><img alt="Head judge Dr Jaime A. Cura presents at the fifth annual gala dinner in May 2017" src="/documents/10204/0/PPA+2017_Dr+Jaime+A.+Cura+presenting+an+award.jpg/36874681-ab7a-49aa-a0e2-4bd884688c06?t=1524561855482" style="width: 740px; height: 555px;" /></p> <h3><strong>FULL SHORTLIST OF NOMINEES</strong></h3> <h3>6th PropertyGuru Philippines Property Awards 2018</h3> <p><strong><u>DEVELOPER AWARDS</u></strong></p> <p><strong>Best Developer</strong></p> <ul> <li><em>Winner to be revealed at the gala dinner on 11 May 2018</em></li> </ul> <p><strong>Best Boutique Developer</strong></p> <ul> <li>ArthaLand Corporation</li> <li>Grand Land Inc.</li> </ul> <p><strong>Special Recognition in CSR</strong></p> <ul> <li>Empire East</li> </ul> <p><strong>Special Recognition in Sustainable Development</strong></p> <ul> <li>ArthaLand Corporation</li> </ul> <p><strong><u>DEVELOPMENT AWARDS</u></strong></p> <p><strong>Best Luxury Condo Development (Metro Manila)</strong></p> <ul> <li>Trump Tower at Century City by Century Properties Group Inc.</li> </ul> <ul> <li>The Albany by Megaworld Corporation&nbsp;</li> <li>The Imperium at Capitol Commons by Ortigas &amp; Company</li> </ul> <p><strong>Best High End Condo Development (Metro Manila)</strong></p> <ul> <li>Portico by Alveo Land</li> </ul> <p><strong>Best Mid End Condo Development (Metro Manila)</strong></p> <ul> <li>The Residences at Commonwealth by Century by Century Properties Group Inc.</li> <li>The Rochester by Empire East</li> </ul> <p><strong>Best Affordable Condo Development (Metro Manila)</strong></p> <ul> <li>Suntrust Shanata by Suntrust Properties, Inc. of Megaworld Corporation</li> </ul> <p><strong>Best Luxury Condo Development (Cebu)</strong></p> <ul> <li>38 Park Avenue by Cebu Landmasters</li> <li>The Residences at the Sheraton Cebu Mactan Resort by AppleOne Mactan, Inc. (AMI)</li> </ul> <p><strong>Best High End Condo Development (Cebu)</strong></p> <ul> <li>Grand Residences Cebu by Grand Land Inc.</li> </ul> <p><strong>Best Housing Development (Cebu)</strong></p> <ul> <li>Casa Mira South by Cebu Landmasters</li> </ul> <p><strong>Best Condo Development (Resort)</strong></p> <ul> <li>Canyon de Boracay Premiere by Canyon Estates Incorporated / G2 Global Incorporated</li> <li>Canyon Woods Residences by Canyon Estates Incorporated / G2 Global Incorporated</li> </ul> <p><strong>Best Township Development</strong></p> <ul> <li>Iloilo Business Park by Megaworld Corporation</li> </ul> <p><strong>Best Office Development (Manila)</strong></p> <ul> <li>Aseana Three by D.M. Wenceslao &amp; Associates, Inc</li> </ul> <ul> <li>The Podium Tower by SM Keppel Land Inc.</li> <li>The Sites Enterprise Plaza by Alveo Land</li> <li>Unioil Tower by Exquadra, Inc.</li> </ul> <p><strong>Best Office Development (Cebu)</strong></p> <ul> <li>Cebu Exchange by Cebu Lavana Land Corporation (a subsidiary of ArthaLand Corporation)</li> <li>Latitude Corporate Center by Cebu Landmasters</li> </ul> <p><strong>Best BPO Office Development&nbsp;</strong></p> <ul> <li>Cebu Exchange by Cebu Lavana Land Corporation (a subsidiary of ArthaLand Corporation)</li> <li>Unioil Tower by Exquadra, Inc.</li> </ul> <p><strong>Best Retail Development&nbsp;</strong></p> <ul> <li>The Podium by SM Keppel Land Inc.</li> </ul> <p><strong>Best Hotel Development&nbsp;</strong></p> <ul> <li>Canyon de Boracay Premiere by Canyon Estates Incorporated / G2 Global Incorporated</li> <li>Twin Lakes Hotel by Global-Estates Resorts Inc. by Megaworld Corporation</li> </ul> <p><strong>Best Hotel Development (Cebu)</strong></p> <ul> <li>Citadines Cebu City by Cebu Landmasters</li> <li>Dusit Princess – Grand Tower Cebu by Grand Land Inc.</li> </ul> <p><strong>Best Mixed Use Development</strong></p> <ul> <li>The Podium Complex by SM Keppel Land Inc.</li> </ul> <p><strong><u>DESIGN AWARDS</u></strong></p> <p><strong>Best Luxury Condo Architectural Design</strong></p> <ul> <li>The Imperium at Capitol Commons by Ortigas &amp; Company</li> </ul> <ul> <li>The Sharp Clark Hills by Posco</li> <li>The Residences at the Sheraton Cebu Mactan Resort by AppleOne Mactan, Inc. (AMI)</li> </ul> <p><strong>Best Condo Architectural Design</strong></p> <ul> <li>Valenza Mansions by Crown Asia Properties, Inc.</li> <li>Verano Greenhills by Grand Taipan</li> </ul> <p><strong>Best Residential Interior Design</strong></p> <ul> <li>The Residences at the Sheraton Cebu Mactan Resort by AppleOne Mactan, Inc. (AMI)</li> <li>Verano Greenhills by Grand Taipan</li> </ul> <p><strong>Best Township Architectural Design</strong></p> <ul> <li>Uptown Bonifacio by Megaworld Corporation&nbsp;</li> </ul> <p><strong>Best Retail Architectural Design</strong></p> <ul> <li>Festive Walk Mall by Megaworld Corporation</li> <li>The Podium by SM Keppel Land Inc.</li> </ul> <p><strong>Best Landscape Architectural Design</strong></p> <ul> <li>The Podium Complex by SM Keppel Land Inc.</li> </ul> <p><strong><u>SPECIAL AWARDS</u></strong></p> <p><strong>Best Universal Design Development</strong></p> <ul> <li>The Podium Complex by SM Keppel Land Inc.</li> <li>Aseana Three by D.M. Wenceslao &amp; Associates, Inc</li> </ul> <p><strong>Best Green Development</strong></p> <ul> <li>The Podium Complex by SM Keppel Land Inc.</li> <li>Cebu Exchange by Cebu Lavana Land Corporation (a subsidiary of ArthaLand Corporation)</li> </ul> <p><strong><u>BEST OF THE PHILIPPINES AWARDS</u></strong></p> <p><strong>Best Condo Development (Philippines)</strong></p> <ul> <li><em>Winner to be revealed at the gala dinner on 11 May 2018</em></li> </ul> <p>The 2018 PropertyGuru Philippines Property Awards is supported by platinum sponsor Kohler; official media broadcaster ANC, the ABS-CBN News Channel; official newspaper The Philippine STAR; media partners Hoppler and PropertyGuru Property Report; supporting association British Chamber of Commerce in the Philippines; and official supervisor BDO Roxas Cruz Tagle and Co. led by chairman and managing partner Michael Roxas.</p> <p>Dr Cura was joined on the judging panel by: Abelardo M. Tolentino Jr (President &amp; CEO, Aidea Philippines); Carlo Cordaro (President&nbsp;&amp; CEO, Atelier A); Christophe Vicic (Country Head, Jones Lang LaSalle Philippines); Cyndy Tan Jarabata (President, TAJARA Leisure &amp; Hospitality Group Inc.); Jean Jacquelyn Nathania A. de Castro (CEO, Esca Incorporated); Luis Enrique T. Mangosing (CEO, Metro Development Managers Inc.); Monqiue Cornelio Pronove (CEO, Pronove Tai); and Ramon Fernando D. Rufino (Co-President, The Net Group, and chairman, Urban Land Institute Philippines).</p> <p>For more information email&nbsp;<a>awards@propertyguru.com&nbsp;</a>or visit&nbsp;<a href="http://www.asiapropertyawards.com/philippines-property-awards/">AsiaPropertyAwards.com/philippines-property-awards/</a></p>
    Diverse shortlist for the 6th PropertyGuru Philippines Property Awards 2018
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    <p><img alt="Shocks to house prices elsewhere will affect markets at home. Kanok Sulaiman/Shutterstock" src="/documents/10204/0/shutterstock_684462301-compressor.jpg/2f79786f-4ec9-468c-a006-d533892c46e8?t=1523946883461" style="width: 1000px; height: 667px;" />Global synchronicity in residential property prices is on the rise, according to a new report by the International Monetary Fund.</p> <p>Financial conditions have compelled home prices in pairs of countries and cities to move in tandem worldwide, revealed the IMF's Global Financial Stability Report which studied 40 countries and 44 major cities in advanced and emerging market economies.</p> <p>The move toward synchronicity can be put down to&nbsp;a combination of perennially low interest rates across major central banks; increased activity in major cities among institutional investors, private equity firms, and Real Estate Investment Trusts (REIT); demand from high-net-worth foreign investors for yield or safe assets in luxury housing; and buoyant economic growth in general.</p> <p>As a result, house prices are starting to behave more like prices of stocks, bonds and other financial assets&nbsp;influenced by investment activity from around the world.</p> <p><a href="http://property-report.com/detail/-/blogs/berlin-is-the-world-s-fastest-growing-housing-mark-6" target="_blank"><strong>More:&nbsp;Berlin now the world's fastest-growing housing market</strong></a></p> <p>Among cities, Shanghai and Auckland posted the highest annual real house price growth on average between 2013 and 2017, based on calculations by IMF staff and other institutional sources.</p> <p>House price dispersion in the United States has been rising in consonance with increases in house prices in alternative investment destinations outside the United States, especially in Asia and Europe, the IMF noted. “House prices in major cities outside the United States—Beijing, Dublin, Hong Kong SAR, London, Seoul, Shanghai, Singapore, Tokyo, Toronto, and Vancouver—are positively associated with US house price dispersion.”&nbsp;</p> <p>The increasingly synchronised movement of home prices around the world has become a more prescient predictor of economic downturns. “Higher house price synchronization corresponds to increased downside risks to growth at horizons of up to one year, controlling for other financial and macroeconomic conditions,” IMF researchers stated.</p> <p>In advanced economies, the short-term co-movement in house prices sharply increases around the time of global recessions. Such spikes, however, are more felt in major cities than at the country level, suggesting that the ramifications of the global financial cycle for cities may be particularly notable.</p>
    image
    Global real estate markets are more intertwined than you think
    <p><img alt="The skyline of Berlin with the Alexanderplatz. Markus Mainka/Shutterstock" src="/documents/10204/0/shutterstock_743545075-compressor.jpg/b571373a-888a-4534-b702-f98da793cb0c?t=1523423277279" style="width: 1000px; height: 667px;" />Bucking a downtrend in urban home price growth worldwide, Berlin led the annual rankings of Knight Frank’s latest Global Residential Cities Index released this week.</p> <p>Home prices in the German capital surged 20.5 percent in the year to the fourth quarter of 2017 — the only city among 150 markets to post a growth rate above 20 percent.</p> <p>“Strong population growth, a stable economy, record low unemployment and robust interest from overseas investors are together propelling prices higher,” stated Kate Everett-Allen, head of the consultancy’s international residential research.</p> <p>The index included&nbsp;German cities for the first time. Hamburg, Munich and Frankfurt made their debuts on the index at seventh, eighth and 10th places, in that order.</p> <p><a href="http://property-report.com/detail/-/blogs/is-the-london-property-market-ready-to-banish-the-brexit-blu-13" target="_blank"><strong>More:&nbsp;Is the London property market ready to banish the Brexit blues?</strong></a></p> <p>Only Hong Kong represented Asia in the top 10, with prices in the Chinese SAR soaring 14.8 percent between the fourth quarters of 2016 and 2017. Along with Seville in Spain, Hong Kong was one of two “most improved markets in 2017,” Everett-Allen noted.</p> <p>Mainland Chinese cities experienced a general downtrend in price increases, averaging only 1.6 percent last year.&nbsp;The latest rankings mark a departure from the end of 2016 when 12 mostly Chinese markets exceeded 20 percent in pricing growth.&nbsp;</p> <p>Worldwide, home prices increased 4.5 percent at the end of 2017, down from 7 percent in 2016.</p> <p><em>The Knight Frank Global Residential Cities Index, top 10:&nbsp;</em></p> <p>1. Berlin</p> <p>2. Izmir</p> <p>3. Reykjavik</p> <p>4. Vancouver</p> <p>5. Hong Kong</p> <p>6. Budapest</p> <p>7. Hamburg</p> <p>8.&nbsp;Munich</p> <p>9. Rotterdam</p> <p>10.&nbsp;Frankfurt</p>
    image
    Berlin now the world's fastest-growing housing market
    MORE FROM : NOT FOUND MORE FROM News | Rest of the World |
    <p><img alt="Thousands of units being added to Bangkok's condo market. Nattakit Jeerapatmaitree/Shutterstock" src="/documents/10204/0/shutterstock_311857937-compressor.jpg/4e755d79-b568-4c00-81c4-bed4000acf6b?t=1524563272513" style="width: 1000px; height: 668px;" />Bangkok’s condominium market added as much as 14,600 units in the first quarter of 2018, a 35 percent jump from figures reported in the same period last year, per <a href="https://www.thailand-business-news.com/real-estate/68697-bangkok-condo-market-jumps-35-in-q1.html" target="_blank">Thailand Business News</a>.</p> <p>Majority (66 percent) of new condo launches were clumped around rapid transit systems in the city, according to property market researcher Surachet Kongchep.</p> <p>Around 4,400 units were released in the area stretching from Rama 9 Road to Huay Khwang in the first quarter, he noted.</p> <p>Nearly 15,630 units had been launched in&nbsp;the fourth quarter of last year, in comparison, the highest inrush of new homes in the Thai capital in a few years, according to Colliers Thailand.</p> <p><a href="http://property-report.com/detail/-/blogs/this-is-your-chance-to-catch-smart-architect-ron-bakker-in-bangk-6" target="_blank"><strong>More:&nbsp;This is your chance to catch smart building architect Ron Bakker in Bangkok</strong></a></p> <p>Condominium units in the city enjoyed a 56 percent take-up rate on average during this period, the consultancy added.</p> <p>Up to 55 percent of units released in Q1 2018 were sold, Surachet Kongchep reported.</p> <p>One of the more successful companies during the quarter was Bangkok-listed AP (Thailand), which booked presales of THB10 billion (USD318 million), up 168 percent from Q1 2017. Condominium projects accounted for THB4.8 billion of the company’s haul.</p> <p>Approximately 553,900 condominium units were completed and registered in Bangkok as of the fourth quarter of last year, data from Colliers Thailand showed.</p>
    Bangkok launches surge 35% in Q1
    <p><img alt="" src="/documents/10204/0/PPA+2018_Shortlist_Artwork.jpg/bb2d933c-d3b3-4e5c-b02e-789e9777f732?t=1524562517271" style="width: 740px; height: 521px;" /></p> <p>Nineteen individual companies have been officially shortlisted for the 2018 PropertyGuru Philippines Property Awards, presented by Kohler, after a rigorous&nbsp;eight-month period that covered supervised deliberations and site inspections.</p> <p>The diverse shortlist is led by Megaworld Corporation, two-time winner of the coveted Best Developer award. The Dr Andrew Tan-led firm this year earned a total of eight nominations, including nods for its subsidiaries Empire East, Suntrust Properties and Global-Estates Resorts Inc. (GERI).</p> <p>Known for its pioneering township development across the country, Megaworld is the only shortlisted company in two new Best Township Development and Best Township Architectural Design categories.&nbsp;</p> <p>Next in line with seven nominations is SM Keppel Land Inc., the team behind the acclaimed mixed-use complex The Podium, which is currently being redeveloped and expanded. All of SM Keppel Land’s nods are for this project, including shortlists for office, retail, landscape design, and green development.</p> <h3><strong>Metro Cebu&nbsp;and Ilolio</strong></h3> <p>This year, several developers with current projects in Metro Cebu and Ilolio also made the cut, led by boutique developer ArthaLand Corporation and its Cebu Lavana Land Corporation subsidiary, which earned a combined five nominations.&nbsp;</p> <p>Other provincial developers on the list include Cebu Landmasters, AppleOne Mactan, Grand Land, and Canyon Estates Incorporated / G2 Global Incorporated, with a collective haul of 13 nominations.</p> <p>Along with established nominees such as Ortigas &amp; Company, Alveo Land, and Century Properties Group Inc, a few emerging developers and companies also made the elite shortlist, including D.M. Wenceslao &amp; Associates, Crown Asia Properties, Grand Taipan, Exquadra, and Posco.</p> <p>Dr Jaime A. Cura, PhD, vice-chairman of The RGV Group of Companies, and chairman of the judging panel, attributed the appearance on the shortlist of these emerging companies to the underlying strength of the Philippine real estate sector.</p> <h3>'Standout in this part of the world'</h3> <p>“The Philippines has an active market with quality projects in all segments of the real estate sector. There is healthy competition among a growing number of developers. Besides the big players who dominate the market, there are new entrants almost every year who aggressively launch several projects at a time,” said the new head judge.<br /> <br /> On the heels of the national government’s bullish ‘Build, Build, Build’ initiative, Dr Cura said the local real estate sector “continues to be a standout in this part of the world,” and the PropertyGuru Philippines Property Awards exists to recognise the continuing emergence of innovations in design, production, and marketing among developers.</p> <p>“With the adoption of global practices in real estate marketing, a strong financial system that provides both development and buyer financing across all sectors, and the adoption of new technologies, including green technology, in the design and construction of structure, the Philippine property industry remains strong.”</p> <h3>Consistent performance in last 5 years</h3> <p>This year’s shortlisted developers will be recognised as Winners and Highly Commended at the exclusive gala dinner on Friday, 11 May 2018, at the ballroom of the Fairmont Makati. There are more than 25 competition and special awards at stake.</p> <p>Around 300 senior executives and VIPs are joining the black-tie event, including H.E. Dr. Ernesto M. Pernia, the country’s socioeconomic planning secretary and director-general of the National Economic and Development Authority (NEDA), who is scheduled to grace the ceremony.</p> <p>Terry Blackburn, founder and managing director of the PropertyGuru Asia Property Awards programme, said: “Congratulations to all the shortlisted companies in the Philippines. The local property sector has performed so consistently in the last five years as we’ve seen over the past editions of the Philippines Property Awards, and we can only look forward to its bright future ahead as the sector continues to be major contributor to the national economy and, indirectly, the tourism industry.”</p> <p><img alt="Head judge Dr Jaime A. Cura presents at the fifth annual gala dinner in May 2017" src="/documents/10204/0/PPA+2017_Dr+Jaime+A.+Cura+presenting+an+award.jpg/36874681-ab7a-49aa-a0e2-4bd884688c06?t=1524561855482" style="width: 740px; height: 555px;" /></p> <h3><strong>FULL SHORTLIST OF NOMINEES</strong></h3> <h3>6th PropertyGuru Philippines Property Awards 2018</h3> <p><strong><u>DEVELOPER AWARDS</u></strong></p> <p><strong>Best Developer</strong></p> <ul> <li><em>Winner to be revealed at the gala dinner on 11 May 2018</em></li> </ul> <p><strong>Best Boutique Developer</strong></p> <ul> <li>ArthaLand Corporation</li> <li>Grand Land Inc.</li> </ul> <p><strong>Special Recognition in CSR</strong></p> <ul> <li>Empire East</li> </ul> <p><strong>Special Recognition in Sustainable Development</strong></p> <ul> <li>ArthaLand Corporation</li> </ul> <p><strong><u>DEVELOPMENT AWARDS</u></strong></p> <p><strong>Best Luxury Condo Development (Metro Manila)</strong></p> <ul> <li>Trump Tower at Century City by Century Properties Group Inc.</li> </ul> <ul> <li>The Albany by Megaworld Corporation&nbsp;</li> <li>The Imperium at Capitol Commons by Ortigas &amp; Company</li> </ul> <p><strong>Best High End Condo Development (Metro Manila)</strong></p> <ul> <li>Portico by Alveo Land</li> </ul> <p><strong>Best Mid End Condo Development (Metro Manila)</strong></p> <ul> <li>The Residences at Commonwealth by Century by Century Properties Group Inc.</li> <li>The Rochester by Empire East</li> </ul> <p><strong>Best Affordable Condo Development (Metro Manila)</strong></p> <ul> <li>Suntrust Shanata by Suntrust Properties, Inc. of Megaworld Corporation</li> </ul> <p><strong>Best Luxury Condo Development (Cebu)</strong></p> <ul> <li>38 Park Avenue by Cebu Landmasters</li> <li>The Residences at the Sheraton Cebu Mactan Resort by AppleOne Mactan, Inc. (AMI)</li> </ul> <p><strong>Best High End Condo Development (Cebu)</strong></p> <ul> <li>Grand Residences Cebu by Grand Land Inc.</li> </ul> <p><strong>Best Housing Development (Cebu)</strong></p> <ul> <li>Casa Mira South by Cebu Landmasters</li> </ul> <p><strong>Best Condo Development (Resort)</strong></p> <ul> <li>Canyon de Boracay Premiere by Canyon Estates Incorporated / G2 Global Incorporated</li> <li>Canyon Woods Residences by Canyon Estates Incorporated / G2 Global Incorporated</li> </ul> <p><strong>Best Township Development</strong></p> <ul> <li>Iloilo Business Park by Megaworld Corporation</li> </ul> <p><strong>Best Office Development (Manila)</strong></p> <ul> <li>Aseana Three by D.M. Wenceslao &amp; Associates, Inc</li> </ul> <ul> <li>The Podium Tower by SM Keppel Land Inc.</li> <li>The Sites Enterprise Plaza by Alveo Land</li> <li>Unioil Tower by Exquadra, Inc.</li> </ul> <p><strong>Best Office Development (Cebu)</strong></p> <ul> <li>Cebu Exchange by Cebu Lavana Land Corporation (a subsidiary of ArthaLand Corporation)</li> <li>Latitude Corporate Center by Cebu Landmasters</li> </ul> <p><strong>Best BPO Office Development&nbsp;</strong></p> <ul> <li>Cebu Exchange by Cebu Lavana Land Corporation (a subsidiary of ArthaLand Corporation)</li> <li>Unioil Tower by Exquadra, Inc.</li> </ul> <p><strong>Best Retail Development&nbsp;</strong></p> <ul> <li>The Podium by SM Keppel Land Inc.</li> </ul> <p><strong>Best Hotel Development&nbsp;</strong></p> <ul> <li>Canyon de Boracay Premiere by Canyon Estates Incorporated / G2 Global Incorporated</li> <li>Twin Lakes Hotel by Global-Estates Resorts Inc. by Megaworld Corporation</li> </ul> <p><strong>Best Hotel Development (Cebu)</strong></p> <ul> <li>Citadines Cebu City by Cebu Landmasters</li> <li>Dusit Princess – Grand Tower Cebu by Grand Land Inc.</li> </ul> <p><strong>Best Mixed Use Development</strong></p> <ul> <li>The Podium Complex by SM Keppel Land Inc.</li> </ul> <p><strong><u>DESIGN AWARDS</u></strong></p> <p><strong>Best Luxury Condo Architectural Design</strong></p> <ul> <li>The Imperium at Capitol Commons by Ortigas &amp; Company</li> </ul> <ul> <li>The Sharp Clark Hills by Posco</li> <li>The Residences at the Sheraton Cebu Mactan Resort by AppleOne Mactan, Inc. (AMI)</li> </ul> <p><strong>Best Condo Architectural Design</strong></p> <ul> <li>Valenza Mansions by Crown Asia Properties, Inc.</li> <li>Verano Greenhills by Grand Taipan</li> </ul> <p><strong>Best Residential Interior Design</strong></p> <ul> <li>The Residences at the Sheraton Cebu Mactan Resort by AppleOne Mactan, Inc. (AMI)</li> <li>Verano Greenhills by Grand Taipan</li> </ul> <p><strong>Best Township Architectural Design</strong></p> <ul> <li>Uptown Bonifacio by Megaworld Corporation&nbsp;</li> </ul> <p><strong>Best Retail Architectural Design</strong></p> <ul> <li>Festive Walk Mall by Megaworld Corporation</li> <li>The Podium by SM Keppel Land Inc.</li> </ul> <p><strong>Best Landscape Architectural Design</strong></p> <ul> <li>The Podium Complex by SM Keppel Land Inc.</li> </ul> <p><strong><u>SPECIAL AWARDS</u></strong></p> <p><strong>Best Universal Design Development</strong></p> <ul> <li>The Podium Complex by SM Keppel Land Inc.</li> <li>Aseana Three by D.M. Wenceslao &amp; Associates, Inc</li> </ul> <p><strong>Best Green Development</strong></p> <ul> <li>The Podium Complex by SM Keppel Land Inc.</li> <li>Cebu Exchange by Cebu Lavana Land Corporation (a subsidiary of ArthaLand Corporation)</li> </ul> <p><strong><u>BEST OF THE PHILIPPINES AWARDS</u></strong></p> <p><strong>Best Condo Development (Philippines)</strong></p> <ul> <li><em>Winner to be revealed at the gala dinner on 11 May 2018</em></li> </ul> <p>The 2018 PropertyGuru Philippines Property Awards is supported by platinum sponsor Kohler; official media broadcaster ANC, the ABS-CBN News Channel; official newspaper The Philippine STAR; media partners Hoppler and PropertyGuru Property Report; supporting association British Chamber of Commerce in the Philippines; and official supervisor BDO Roxas Cruz Tagle and Co. led by chairman and managing partner Michael Roxas.</p> <p>Dr Cura was joined on the judging panel by: Abelardo M. Tolentino Jr (President &amp; CEO, Aidea Philippines); Carlo Cordaro (President&nbsp;&amp; CEO, Atelier A); Christophe Vicic (Country Head, Jones Lang LaSalle Philippines); Cyndy Tan Jarabata (President, TAJARA Leisure &amp; Hospitality Group Inc.); Jean Jacquelyn Nathania A. de Castro (CEO, Esca Incorporated); Luis Enrique T. Mangosing (CEO, Metro Development Managers Inc.); Monqiue Cornelio Pronove (CEO, Pronove Tai); and Ramon Fernando D. Rufino (Co-President, The Net Group, and chairman, Urban Land Institute Philippines).</p> <p>For more information email&nbsp;<a>awards@propertyguru.com&nbsp;</a>or visit&nbsp;<a href="http://www.asiapropertyawards.com/philippines-property-awards/">AsiaPropertyAwards.com/philippines-property-awards/</a></p>
    Diverse shortlist for the 6th PropertyGuru Philippines Property Awards 2018
    <p><img alt="Shocks to house prices elsewhere will affect markets at home. Kanok Sulaiman/Shutterstock" src="/documents/10204/0/shutterstock_684462301-compressor.jpg/2f79786f-4ec9-468c-a006-d533892c46e8?t=1523946883461" style="width: 1000px; height: 667px;" />Global synchronicity in residential property prices is on the rise, according to a new report by the International Monetary Fund.</p> <p>Financial conditions have compelled home prices in pairs of countries and cities to move in tandem worldwide, revealed the IMF's Global Financial Stability Report which studied 40 countries and 44 major cities in advanced and emerging market economies.</p> <p>The move toward synchronicity can be put down to&nbsp;a combination of perennially low interest rates across major central banks; increased activity in major cities among institutional investors, private equity firms, and Real Estate Investment Trusts (REIT); demand from high-net-worth foreign investors for yield or safe assets in luxury housing; and buoyant economic growth in general.</p> <p>As a result, house prices are starting to behave more like prices of stocks, bonds and other financial assets&nbsp;influenced by investment activity from around the world.</p> <p><a href="http://property-report.com/detail/-/blogs/berlin-is-the-world-s-fastest-growing-housing-mark-6" target="_blank"><strong>More:&nbsp;Berlin now the world's fastest-growing housing market</strong></a></p> <p>Among cities, Shanghai and Auckland posted the highest annual real house price growth on average between 2013 and 2017, based on calculations by IMF staff and other institutional sources.</p> <p>House price dispersion in the United States has been rising in consonance with increases in house prices in alternative investment destinations outside the United States, especially in Asia and Europe, the IMF noted. “House prices in major cities outside the United States—Beijing, Dublin, Hong Kong SAR, London, Seoul, Shanghai, Singapore, Tokyo, Toronto, and Vancouver—are positively associated with US house price dispersion.”&nbsp;</p> <p>The increasingly synchronised movement of home prices around the world has become a more prescient predictor of economic downturns. “Higher house price synchronization corresponds to increased downside risks to growth at horizons of up to one year, controlling for other financial and macroeconomic conditions,” IMF researchers stated.</p> <p>In advanced economies, the short-term co-movement in house prices sharply increases around the time of global recessions. Such spikes, however, are more felt in major cities than at the country level, suggesting that the ramifications of the global financial cycle for cities may be particularly notable.</p>
    Global real estate markets are more intertwined than you think
    <p><img alt="The skyline of Berlin with the Alexanderplatz. Markus Mainka/Shutterstock" src="/documents/10204/0/shutterstock_743545075-compressor.jpg/b571373a-888a-4534-b702-f98da793cb0c?t=1523423277279" style="width: 1000px; height: 667px;" />Bucking a downtrend in urban home price growth worldwide, Berlin led the annual rankings of Knight Frank’s latest Global Residential Cities Index released this week.</p> <p>Home prices in the German capital surged 20.5 percent in the year to the fourth quarter of 2017 — the only city among 150 markets to post a growth rate above 20 percent.</p> <p>“Strong population growth, a stable economy, record low unemployment and robust interest from overseas investors are together propelling prices higher,” stated Kate Everett-Allen, head of the consultancy’s international residential research.</p> <p>The index included&nbsp;German cities for the first time. Hamburg, Munich and Frankfurt made their debuts on the index at seventh, eighth and 10th places, in that order.</p> <p><a href="http://property-report.com/detail/-/blogs/is-the-london-property-market-ready-to-banish-the-brexit-blu-13" target="_blank"><strong>More:&nbsp;Is the London property market ready to banish the Brexit blues?</strong></a></p> <p>Only Hong Kong represented Asia in the top 10, with prices in the Chinese SAR soaring 14.8 percent between the fourth quarters of 2016 and 2017. Along with Seville in Spain, Hong Kong was one of two “most improved markets in 2017,” Everett-Allen noted.</p> <p>Mainland Chinese cities experienced a general downtrend in price increases, averaging only 1.6 percent last year.&nbsp;The latest rankings mark a departure from the end of 2016 when 12 mostly Chinese markets exceeded 20 percent in pricing growth.&nbsp;</p> <p>Worldwide, home prices increased 4.5 percent at the end of 2017, down from 7 percent in 2016.</p> <p><em>The Knight Frank Global Residential Cities Index, top 10:&nbsp;</em></p> <p>1. Berlin</p> <p>2. Izmir</p> <p>3. Reykjavik</p> <p>4. Vancouver</p> <p>5. Hong Kong</p> <p>6. Budapest</p> <p>7. Hamburg</p> <p>8.&nbsp;Munich</p> <p>9. Rotterdam</p> <p>10.&nbsp;Frankfurt</p>
    Berlin now the world's fastest-growing housing market
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