Dot Property Magazine Issue 18 by Dot Property

ASIA'S PREMIUM REAL ESTATE MAGAZINE

ISSUE 018 May | Jun 2017

LOOK OF A WINNER X2 HOI AN IS VIETNAMâ&#x20AC;&#x2122;S BEST VILLA DEVELOPMENT

DOT PROPERTY VIETNAM AWARDS

Dot Property Vietnam Awards 2017 Winners Announced

2017

Organised by www.dotproperty.com.vn

BATHROOM EVOLUTION

BUY NOW IN PHUKET

RISING SUN REAL ESTATE

INNOVATION INSPIRING NEW DESIGNS IN ASIA

SIGNS POINT TO TURNAROUND ON THE ISLAND

LEARN ABOUT PROPERTY INVESTMENT IN JAPAN

ON THE COVER X2 Hoi An is not your ordinary villa project. It features a design thatâ&#x20AC;&#x2122;s heavily inspired by feng shui and a desire to be eco-friendly. There is nothing quite like it in Vietnam and thatâ&#x20AC;&#x2122;s a good thing. Turn to page 56 to learn why X2 Hoi An won Best Villa Development at The Dot Property Vietnam Awards 2017.

Dot Property Vietnam Awards 2017 Best Developer Vietnam Novaland Group

Best Luxury Residential Development Lakeview City

Best Villa Development X2 Hoi An

Best Real Estate Agent VINestate

Best Green Development Imperia Sky Garden

Best Developer Dalat Dai Phuc Development

Best Condo Development Imperial Place

Best Mixed-Use Development Cityland Park Hills

Best Waterfront Development Ocean Dunes

Best Construction Company Hoa Binh Construction

Best Residential Architecture Design Dragon Hill City

Best Real Estate Agent Hanoi Newstarland

Best Innovation and Technology Vietnam Searefico

Best Developer Awards

Leaders of Real Estate Awards

CONTENTS News Thailand

Vietnam

Philippines

Regional

World

Living Live Smart

Melbourne

Insights Indonesian Property Tax Reform Rejected

Managing A Condo Building In Thailand

Phuket Focus Now Is The Time To Buy

Japan Feature Real Estate Investment In The Land of The Rising Sun

8 Unique Things To Do In Tokyo

Dot Property Spotlight Leading Financial Journalist Bullish On Asia

Say Hello To Cebu’s Best Developer

Dot Property Exclusive Agent Listings PFS - Pattaya

Century 21 Hua Hin – Hua Hin

Siam Real Estate – Phuket

The Agent – Bangkok

One question I get asked rather frequently is, “Where is the best place to buy real estate?” And while I wish there were one or two locations I could easily respond with, it’s far more complicated than that. However, this issue of Dot Property Magazine tries to shed some light on the question. We begin in Vietnam, where the winners of The Dot Property Vietnam Awards 2017 have been announced (p. 48-81). Investors here are

EDITOR'S NOTE

enjoying high rental yields and the country’s discerning population has forced developers to bring only the highest-quality projects to the market. If you are thinking about purchasing property in the country but don’t know where to start, check out some of these award-winning developers and developments. Moving to Phuket, the experts at Siam Real Estate explain why they believe the market on the island has reached its bottom and say now is a good time to buy (p. 40-41). In particular, resort properties are good value for money since tourist arrivals to the island continue rise. There is also the added bonus that someone else will be managing your unit which you can still use during your holiday. I love visiting Japan because there is so much to see and do (p. 48-49), but I never realised buying real estate in the country was a profitable possibility until interviewing Sato Tsutomu, Managing Director of HJ Real Estate (p. 44-46). He notes the market is stable and international buyers can easily purchase residential properties in Japan without dealing with stamp duty taxes or other surcharges found in other countries. For those interested in buying real estate to enjoy a luxurious lifestyle, projects along Manila Bay offer some of the best amenities around while being extremely affordable when compared to similar projects in places like Singapore and Hong Kong. For example, Admiral Baysuites, winner of Best Luxury Condo Development at The Dot Property Philippines Awards 2017, has an endless array of upscale facilities, but at a reasonable price point (p. 34). And this is just the tip of the iceberg. From Bali to Bangkok and Cebu to Yangon, you could make a case for buying real estate in any number of Southeast Asia’s leading cities. Meanwhile, places like London, New York and Sydney will likely continue to hold some allure among those buying real estate even if the market conditions are less than ideal. Instead of focusing on where the best place to buy real estate is located, it’s better to ask yourself, what your goals are and where you want to own property? And if the answer to those questions isn’t immediately clear, you can always head over to the Dot Property portal network for a little inspiration. Thanks for reading,

Cheyenne Hollis 6

Editorial Editor in Chief Cheyenne Hollis cheyenne@dotpropertygroup.com Editor Virginia Ewart-James virginia@dotpropertygroup.com

Design Art Director Weerasak Tham-amorn Graphic Design Support Rattiya Panya

Business Managing Director, Thailand Adam Sutcliffe adam@dotpropertygroup.com

Managing Director, Dot Expo Andrew Davis andrew@dotpropertygroup.com

International Business Development Team Sunniya Kwatra Business Development Manager sunniya@dotpropertygroup.com Kristian Brennan Country Manager, Vietnam kristian@dotpropertygroup.com

Lucy Tran Business Development Manager, Vietnam lucy@dotproperty.com.vn

Bui Hong Ngoc (Ruby) Business Development Manager, Vietnam ngoc@dotpropertygroup.com.vn

Tanya Yu Country Manager, Philippines tanya@dotpropertygroup.com

April Pascual Senior Business Development Manager, Philippines aprilynn@dotpropertygroup.com

Melizza A. Hernandez Senior Business Development Manager, Philippines melizza@dotpropertygroup.com

Sales and Distribution Enquires sales@dotpropertygroup.com

Dot Property Group strives for accuracy however we will not accept liability for any direct, indirect, incidental, special, consequential or exemplary damages, including but not limited to damages relating to loss of profits, goodwill or other intangible losses resulting from your use of any information contained within this publication. We strongly suggest that buyers should always engage a competent and independent law firm when purchasing property and should invest in detailed due diligence.

©Dot Property Co. Ltd. 142 Two Pacific Place Building, 24th Floor, Room 2403, Sukhumvit Road, Klongtoey, Bangkok 10110

©DotProperty Philippines Inc. 16th Floor, Alphaland Tower, 6789 Ayala Avenue, Makati, 1226 Metro Manila, Philippines

©Dot Property Pte. Ltd. 16 Raffles Quay #33-03 Hong Leong Building, Singapore 048581

©Dot Property Vietnam Maritime Bank Tower, Unit 10, 9th Fl. 180 - 192 Nguyen Cong Tru, Nguyen Thai Binh, Dist. 1, HCMC, Vietnam

Regional News Thailand Second embassy put up for sale in Bangkok Another piece of prime Bangkok land has been put on the market after Australia’s Department of Foreign Affairs and Trade appointed JLL to sell its current embassy in Sathorn. The new Australian Embassy situated on Wireless Road will be completed in the coming months allowing the government to cash in on its old digs which could fetch a record price. “The Australian Embassy’s site on South Sathorn Road offers one of the last large prime development opportunities available on a freehold basis in the area,” JLL’s Suphin Mechuchep stated. The news comes a few months after the record sale of the British Embassy on Wireless Road. The buyer of the Australian Embassy site will most likely build a mixed-use development on the land plot.

Searching for street food? There’s an app for that It may not be hard to find street food in Thailand, but the process is now even easier thanks to a new app released for Apple and Android devices. Street Food Bangkok, Street Food Chiang Mai/Chiang Rai and Street Food Phuket were launched to promote Thai food to foreign visitors as well as ensure tourists could easily locate the best street eats. The Thai street food apps were developed by the Ministry of Foreign Affairs in co-operation with the Thailand Foundation and are free to download.

Amazing Thailand Grand Sales Return The Tourism Authority of Thailand has announced the Amazing Thailand Grand Sales will return this year. Running from 15 June to 15 August, shops at some of Bangkok’s most popular malls will be offering discounts on clothes, jewellery and electrical goods among other items. Discount rates vary anywhere from 10 to 80 percent. There will also be special offers on hotels and flights during the event.

Introducing Bangkok’s newest game changing development TCC Assets and Frasers Centrepoint revealed plans for One Bangkok, a gigantic mixed-use development on the corner of Witthayu and Rama IV roads near the city’s famous Lumpini Park. The project will be the largest private sector property development in Thailand with the joint venture partners hoping to create a global landmark. One Bangkok will have ultra-luxury residential towers, civic areas, hotels, retail space, and grade A office towers. “No single development of this scale and diversity has ever been undertaken in Thailand. One Bangkok will be a vibrant lifestyle destination that will entrench Bangkok’s position among the most desirable cities in the world to live, do business, and to visit. One Bangkok aims to attract top-level local and multinational companies to set up their AEC headquarters in the district as Bangkok’s most prestigious corporate address,” Panote Sirivadhanabhakdi, Group CEO of Frasers Centrepoint, said in a statement. 10

Awards News Thailand

coming in July

The Dot Property Thailand Awards 2017 are set for July

and were delighted with the exposure they received sponsoring

and the anticipation continues to build. Countless projects

the awards.

from Thailand are in the running as the country’s real estate industry leaders will be vying for honours, including Best Developer Bangkok, Best Residential Architecture and Best Villa Development. It’s not too late to join Thailand’s most exciting property awards. Established by Dot Property Thailand, the country’s largest online property portal, the awards are an extension of last year’s successful Dot Property Awards which focused on the “Best of the Best” in Southeast Asian real estate. This year will be bigger and better with more than 50 Thailandfocused awards up for grabs. The Dot Property Thailand Awards 2017 will honour developers, developments, innovation, design and much more while focusing on the entire country including the markets of Phuket, Hua Hin and Chiang Mai. As part of The Dot Property Thailand Awards 2017, the “Leaders of Real Estate” awards are set tp be given to the country’s top developers. The awards, chosen by the management teams

Aaron Chou, Managing Director of Gio Home Kitchen, explained, “Sponsoring Dot Property’s ‘Best of the Best’ Awards gives us the opportunity to work with the best property developers throughout Southeast Asia, and to provide quality products and services.” Remembering last year’s winners Several amazing properties from Thailand won at the Awards last year including Anamaya Samui. The development is situated amongst beautiful scenery and features striking architecture and dramatic ocean views. X2 Oceanphere in Pattaya was another big winner. This stunning project boasts a magnificent ocean panorama in an idyllic location along the beautiful Na Jomtien beach. It stands out as the only beachside, fully integrated resort and pool villa development in Pattaya. Don’t wait to join the Dot Property Thailand Awards

from Mitula Group and Dot Property, were created to honour the

This year’s Dot Property Thailand Awards will highlight the

developers in Thailand whose projects, innovations and CSR

best the country’s real estate market has to offer. Award

efforts have positively impacted the industry.

Winners will be announced throughout Southeast Asia in

Last year’s awards had several great sponsors including GiO Home Kitchen, a Bangkok-based outfit with more than 35 years

the July issue of Dot Property Magazine as well as online at www.dotpropertyawards.com.

of experience. GiO prides itself on producing products that

There are still opportunities to be a part of the Dot Property

meet every requirement of functionality, durability and design

Thailand Awards 2017, but time is limited. For more information contact awards@dotpropertygroup.com today!

Regional News Vietnam No slowing demand for luxury properties Luxury projects are continuing to make their mark in Ho Chi Minh City and Hanoi. This is according to real estate firm CBRE who anticipates demand for units in this segment will continue to be strong throughout the year. This goes against earlier concerns some experts had regarding the high-end of the market. Luxury projects in Vietnam come with an array of modern facilities that are not always typical at the lower end of the market. As Vietnamese consumers continue to turn to property as an investment asset, housing standards have been pushed up. Many buyers are now looking beyond the four walls of the property. The surroundings are equally as important and developers are responding to these demands.

Government fights back against pollution in HCMC In an attempt to draw in more foreign investment and improve daily life, the government is looking to tackle environmental pollution in Ho Chi Minh City. According to local media, the Department of Natural Resources and Environment in Ho Chi Minh City has sped up improvements to the infrastructure system as it looks to control and raise the environmental quality in the city. The government will also put new measures in place to handle waste in addition to constructing and improving infrastructure to control pollutants, Department Director Nguyen Toan Thang was quoted as saying by Saigon Daily. Ho Chi Minh City has recorded a year-on-year increase in waste with most of it being buried, a solution that can create health risks and unsavoury living conditions.

Have you tried egg coffee? There is no denying Vietnam loves its coffee, but a trend has gripped the country that sounds a bit weird at first. Egg coffee, known locally as cà phê trúng, is all the rage in Hanoi these days. The concoction features Vietnamese coffee topped with a meringue-like egg white foam some tasters compare to ice cream. It is not everyone’s cup of tea, but be sure to give it a try the next time you’re in Hanoi.

New area codes arrive Making a call in Vietnam could potentially be a lot more confusing. Area code changes in Ho Chi Minh City, Hanoi, Dong Nai, Binh Duong and other areas are set to take effect on 17 June. The move aims to create consistency for area codes as some provinces have a three-digit area code while others have one- or two-digit codes. The most notable changes are in Hanoi, which is changing from 4 to 24, and Ho Chi Minh City, which is going from 8 to 28. The American Chamber of Commerce has a full list of the changes. amchamvietnam.com 14

Regional News The Philippines Condotels proving to be a popular investment Condotel units are growing in popularity among investors. These projects feature individually-owned units that are included in a property management program that handles the details. This differs from purchasing a unit and posting it on sites such as Airbnb since the owner doesn’t have to be involved in the letting or management process. Imee S. Yu, General manager of Sta. Lucia Hotel Management Group, noted in a recent interview with the Philippine Daily Inquirer that investing in a condotel could be beneficial to overseas Filipino workers. It allows them to own a property but not worry about looking after it. This type of investment can also be good for foreign buyers who can freely purchase condo units in the country, but may not want to live in the Philippines.

Happy Birthday Alveo Land Alveo Land, the Ayala Land subsidiary, plans to expand its reach in the Philippines as the firm celebrates its 15th year in business. In order to do this, it will launch developments in Alabang, Cavite, Bulacan and Cagayan de Oro while also looking to strengthen its current presence in major growth centres such as Metro Manila. With 16 total launches planned, Alveo Land President Jennylle S. Tupaz believes 2017 will be a record-breaking year for the developer.

Get your groove on in Makati Because it’s the financial capital of the Philippines, people think Makati is all about work with no play. But at night, the tall buildings and strict dress codes are replaced with dimly lit bars, good food and great live music. Among the most popular venues is 12 Monkeys, a place where several popular local acts stop by, and B-side, Makati’s unofficial home to reggae and ska music. Those looking for some techno can head to underground warehouse club Black Market.

Bringing the world to Cebu Cebu is truly becoming a global destination and soon more international visitors could be turning up at Mactan-Cebu International Airport without the need for a layover. The airport’s operator is looking to bring in new routes connecting the region to Australia, Europe and more ASEAN countries in the coming years. There is also the possibility that connections to China, Japan and South Korea are expanded further. The news comes as Cebu welcomed the first flight of Sichuan Airlines, which will operate a route connecting Cebu to Chongqing in China four times weekly. Philippines Airlines also recently revealed it would launch direct service between Cebu and the western Chinese city of Chengdu.

Project Spotlight Philippines

TERRAZZA DE STO. TOMAS, PHILIPPINES

Project Spotlight Philippines

Developed by

Terrazza de Sto. Tomas looks like the sort of home that can only be dreamt about for those with an affordable home budget. The design is inspired by the prettiest region in Italy, Tuscany. A Mediterranean palette fits with the surrounding landscaped gardens and is complemented with modern features for ease of living.

Project:

Terrazza de Sto. Tomas

Developer:

Ovialand Inc., (OLI) a subsidiary

of the MCDC Group of

Companies

Product:

Residential House & Lot Units

However Ovialand, the developer, has 30 years experience in the low cost housing sector. Their brand promise, 'Premier Living You Deserve', is emulated at Terrazza de Sto. Tomas proving that affordable does not necessarily have to mean low quality. This is exactly why Terrazza de Sto. Tomas has won Best Affordable Housing Development 2017 at The Dot Property Philippines Awards 2017.

Architect:

Melvin Patawaran

Location:

San Roque, Sto. Tomas,

Batangas

Launch:

October 2015

Despite this picturesque housing project being classed as affordable, the developer still followed the building code for high-end developments. The result is very generously sized properties enhanced by quad units forming the design rather than the usual townhouses. This enables each unit to have the feel of a corner unit, avoiding the cramped feeling of living on top of neighbours that comes with many high-density affordable living options.

Completion:

March 2019

Total land area:

5.8 hectares

Facilities:

200 square metre infinity pool,

The concept at Terrazza de Sto. Tomas was to provide a beautiful place for residents to relax whilst admiring the view of Mt Makiling from the comfort of their own home. This has certainly been achieved. Aside from the aesthetic value that has created something upscale and elite, Ovialand has considered practicality too. The faĂ§ade is easy to maintain without being inconvenient to upkeep. This is ideal considering Terrazza de Sto. Tomas is suited to families who want to embrace suburban life, yet still be connected to Metro Manila.

50 square metre childrenâ&#x20AC;&#x2122;s pool,

enclosed club house with

room for 170 people, open air

gazebo for 60 people, childrenâ&#x20AC;&#x2122;s

playground

Sales office:

+63 998-998-OVIA (6842)

Email:

info@ovialand.com

Website:

www.ovialand.com

Aside from the care and attention that has gone into each individual unit, the amenities have not been ignored either. A 250 square metre swimming pool, a multipurpose club house and a sports area provide the perfect recreational area for families to enjoy complete the project. The amount of green space found around the complex is unique to affordable housing and adds another string to its bow.

Number of units: 333 units

Ovialand certainly does not cut corners. From the design, architecture and finally to the buying process, customer service is of the highest level. Each purchaser is assigned a dedicated account manager to ensure a smooth transaction process. Terrazza de Sto. Tomas might have an affordable price tag but everything else is of the best.

Regional News Malaysia & Indonesia Malaysia named the best place for retirement in Southeast Asia Some people may prefer Thailand or Vietnam, but according to one group Malaysia is the best place to retire to in all of Southeast Asia. The low cost of living and cheap flights were just a few of the reasons the country tops the charts in International Living’s Annual Global Retirement Index 2017. Quality healthcare services, infrastructure and the ease of obtaining and keeping a long-stay visa were other areas Malaysia ranked strongly in. The country was judged to be the sixth best place in the world to retire to with Mexico finishing in the top spot.

Property taxes near Jakarta’s new MRT could impact housing prices Jakarta’s MRT project could raise property taxes in nearby locations by up to 30 percent, according to estimates from the Jakarta Provincial Government. Plans currently call for the adjustment of the land and building taxes to be applied to commercial and business areas but not residential zones. “The land and building taxes of business districts around Lebak Bulus-Bunderan Hotel Indonesia will be automatically adjusted when the Jakarta’s MRT starts operating. The amount varies, ranging from 15 percent to 30 percent,” Edi Sumantri, Head of the Regional Tax and Retribution Agency of DKI Jakarta, explained to Bisnis Indonesia. Some experts explain the tax increase, while not impacting residential zones directly, could still lead to a rise in property prices, However, it was noted more time was needed to observe the potential impact before a definitive conclusion could be reached.

Malaysia may need to wait until 2020 for a real estate turnaround While bubble fears look to be overblown, experts still don’t see Malaysia’s real estate market turning around anytime soon. Siva Shanker, the former President of the Malaysian Institute of Estate Agents, told ASEAN Today that things might not noticeably improved until the end of the decade. “The property market in Malaysia is a cyclical industry,” Shanker claimed. “The next property high is in 2020. The year 2017 will see the market slow climbing back, very gradual, and move into positive market. For this year, we expected to see downward slick in terms of volume and value.”

Fly to Bali on the cheap Looking to travel to Bali, but don’t want to spend big getting there? Travel booking website kayak.com did some research and found out how it’s possible. Their first tip requires some advance planning and a whole lot of patience. If you book a flight to Bali ten months in advance you could save up to 50 percent. Of course, you might also spend the next ten months daydreaming about your trip. Additionally, Kayak notes that flights tend to be cheaper if you depart on a Monday and return on a Wednesday. 20

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Project Spotlight Malaysia

ESTUARI PUTERI HARBOUR, MALAYSIA

Project Spotlight Malaysia

Developed by

UEM Sunrise makes history with Estuari Puteri Harbour One of Malaysian developer UEM Sunrise’s newest projects, Estuari Puteri Harbour, is bringing something new to the area. While high-rise condominium developments dominate Puteri Harbour, Estuari will be the only landed property in the neighbourhood. The first phase of the 394-acre master township development is already under construction. Located within a relatively new township, Estuari is another development in the jewel of Iskandar, formerly known as Nusajaya. The region’s close proximity to Singapore gives it huge potential for growth with some even comparing it to Shenzhen, the Chinese city across the border from Hong Kong that experience rapid growth during the past three decades. As for the development, UEM Sunrise wanted to retain as much of the original environment as possible when designing the project which is located along the straits of Johor and situated in a mangrove belt boasting numerous types of local flora and fauna. The beautiful green surroundings allowed the developer to focus on eco-living and Estuari has a number of innovative, environmentally-friendly features. The first phase of the project features 350 units spread out over 47.7 acres. Not only is the development the only landed property within award-winning Puteri Harbour area, but it has several large green spaces including a 4.9 acre Central Garden area and a 13-acre designer crafted landscape area with mature trees. Estuari also has cul-de-sac inspired streets allowing for a greater feeling of privacy and exclusivity.

Project:

Estuari Puteri Harbour

Developer:

UEM Sunrise Berhad

Product:

Landed property

Location:

Iskandar Puteri, Johor, Malaysia

Total land area:

394 acres

Number of units: 350 units Title:

Freehold

Facilities:

Swimming pool, playground,

fitness centre, gardens,

walkways, cycling paths

and more

Website:

www.uemsunrise.com

www.estuari.com.my

Speaking of streets, the project offers excellent accessibility to major highways and is near the modern township amenities of the Johor Bahru city centre. It is close to international education hubs, family-friendly attractions and shopping malls ensuring residents can easily find what they are looking for. Once at Estuari, a number of high-quality amenities are available to use. Stay fit by using the outdoor fitness equipment provided by Kompan or utilise the sport centre that is only available to members. Those looking for something more leisurely can take a stroll along the walkways or hop on a bicycle and ride along the cycling paths. There are also a number of safety features in place including perimeter fencing and signage, a guard house and 24-hour security. As one of the leading property developers in Malaysia, UEM Sunrise has built a reputation for creating popular township developments as well as high-rise residential, commercial, retail and integrated developments. The firm’s projects have won numerous awards with its work in Iskandar Puteri, Kuala Lumpur City Centre, Cyberjaya, Shah Alam, Bangi and Seremban all highly regarded.

Regional News Grab and Uber to enter Myanmar It looks as if Myanmar is the next frontier for Southeast Asia’s rideshare war. Rivals Grab and Uber have revealed plans recently to expand into the country as both firms look to continue their expansion in the region. Grab was the first to announce it would enter Myanmar, its first new market expansion in nearly three years, according to Tech Crunch. The company will offer its GrabTaxi service that connects licensed taxis with consumers using the mobile app in the country as part of an initial launch. Uber followed suit revealing it plans to offer service in Myanmar’s capital city Yangon, but no time frame as to when operations would begin has been set. Experts say the company is likely looking to strike a deal with the government before launching the service after encountering issues in Vietnam, Thailand and other markets.

App lets diners in Cambodia go cashless Good news for hungry folks not carrying any cash in Phnom Penh. The recently launched Tesjor app will give people the ability to pre-order food for takeaway, delivery or dining-in from 85 restaurants in the city including KFC and Domino’s Pizza without needing to pay in cash. Cambodian software company Pathmazin developed the app, which some claim signifies another step forward for Cambodia’s e-commerce scene. The company is hoping to extend the apps reach into Sihanoukville and Siem Reap but details for this expansion have yet to be revealed.

Keppel Land opens Myanmar office project Keppel Land and Myanmar conglomerate Shwe Taung opened a 23-storey, grade-A office project in Yangoon, according to Mingtiandi. In 2014, the Singapore-based firm paid USD 47.4 million for a 40 percent stake in the development that counts Samsung and the British Chamber of Commerce as notable tenants. “The partnership with Shwe Taung Group for Junction City Tower is in line with Keppel Land’s strategy to invest in markets with good growth potential such as Myanmar, and to further augment the company’s commercial portfolio,” Ang Wee Gee, Chief Executive at Keppel Land, said in a statement.

More green spaces coming to Vientiane Vientiane is known for its laid-back lifestyle and slower pace. Now tourism officials are hoping visitors slow down to stop and smell the roses after launching plans to open a botanical garden. The green site covers 15 hectares of land in the Naxaythong district of Vientiane. The new garden will also allow locals the opportunity to experience nature in the heart of the city.

Looking for the best in Malaysia real estate? One Mark Says It All

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World News New Chinese city will dwarf New York when finished With Beijing’s ever growing population now surpassing the 22 million mark, the Chinese government has unveiled an ambitious plan to create a new urban settlement that could be three times bigger than New York City once completed. According to the state run Xinhua news agency, Xiongan New Area is located roughly 100 kilometres southwest of Beijing and could cover as much as 2,000 square kilometres when all is said and done. The government is hoping the new project will curb the urban sprawl currently plaguing Beijing causing horrific smog and crippling congestion. “Xiongan will be an answer to China’s growth conundrum: breakneck urban sprawl must give way to a balanced and inclusive development strategy,” The Guardian quoted a Xinhua editorial as saying. “More than a mere replica of China’s past success … it will tell the tale of the future of a new city.”

South Korea has a new tallest building Despite hovering over the Seoul skyline for a couple of years, the 123-storey Lotte World Tower is now officially open. The massive mixed-use building has offices, luxury residences, a hotel and an observation deck. Developed by the retail player Lotte Group, the project broke ground six years ago, but has been 30 years in the making. Lotte founder Shin Kyuk-ho first unveiled his ambitious plans for the iconic development back in the 1980s, but faced strong opposition from both the local government and the public. He would forge ahead and after 13 years of planning and site preparation, construction finally began at the start of the decade. Now that it has been completed, Lotte World Tower is the world’s fifth tallest building, knocking One World Trade Center in New York City out of the top five.

Toronto surpasses Vancouver as new Canadian property hot spot Move over Vancouver, the city that brought the world Drake and Keanu Reeves is now home to Canada’s hottest housing market. The average sale price for residential housing in Toronto rose a record 33 percent from a year ago. The cost of a detached home in the heart of the city is now roughly CAD 1.6 million. After seeing how soaring prices and limited supply sparked a frenzy in Vancouver during the past two years, policymakers in Toronto are looking at ways to ensure there is affordable housing without bringing the market to a complete halt. Some have blamed the dramatic increase in housing prices on foreign buyers despite no real proof of this, experts told the Toronto Star. The city and province of Ontario recently approved a new stamp duty on foreign buyers, something the local government in Vancouver rolled out to help cool the sizzling market there. 28

Expo News

Dot Property takes the show to Shanghai There is no denying that Chinese buyers

said. “With more scrutiny on cross-border

number of buyers from China purchasing

are clamouring for foreign real estate

capital flows and rigorous checks by the

real estate to obtain visa privileges

even with the government putting stricter

government, which may lengthen the

or provide their children with better

capital controls in place. According to

approval process, Chinese outbound

educational opportunities.

research from CBRE, outbound real estate

real estate investment may moderate,

investment from Asia was dominated by

gathering at a more sustainable rate.”

Chinese investors who spent USD 26.6

Organised by Dot Expo, The Dot Property Show in Shanghai is the firm’s first foray

The Dot Property Show in Shanghai will

into the Chinese market. The company’s

look to connect Chinese buyers with the

most recent event, the International

best properties from Southeast Asia and

Property Show in Singapore, saw 11

further afield. Located at Super Brand

developers turnout and showcase their

And while the Chinese government has

Mall, Shanghai’s premier shopping

projects to eager Singaporean real

tried to curb this activity, buyers in the

destination, the show will allow potential

estate buyers. Leading developers from

country are still actively purchasing

real estate buyers to see some amazing

the Philippines, Malaysia, Thailand and

foreign real estate, with Southeast Asia

properties first hand and learn more

Cyprus were all on hand.

proving to be a particularly popular

about the opportunities available.

billion on foreign real estate in 2016. This accounted for 47 percent of all outbound real estate investment in Asia.

destination.

The Dot Property Show in Shanghai will

Shanghai is home to a large and

take place at the award winning Super

“Despite recent policies by the

rapidly growing number of high-net

Brand Mall from 15 to 17 September.

government restricting Chinese

worth individuals who are looking to

More than 12 developers from around

outbound investment, there continues

buy foreign real estate for a number of

the world are expected to take part at

to be a steady flow of Chinese capital

different reasons. Some are considering

the show.

overseas as investors seek to diversify

diversifying their investment portfolio

their portfolios,” Yvonne Siew, Executive

while others are looking for vacation

For more information

Director at CBRE Global Capital Markets,

properties. There are also a growing

visit dot-expo.com

A REAL HOME. A REAL TEAM

www.teka.com 31

Live Smart

Bathroom design evolution led by style and technology Cheyenne Hollis

During the past couple of decades, the role of the bathroom

Whether or not that’s true is for you to determine, but there is

has changed. A look around Hansgrohe Singapore’s flagship

no denying it is impressive to look at every time you turn it on.

showroom shows just how much potential bathrooms have.

Of course, consumers want more than stylish bathroom fixtures

From high-tech showerheads to futuristic fixtures, the design

and this is a demand that everyone at Hansgrohe is well aware

leader in the bathroom industry has helped revolutionise the

of.

space in ways many people probably never thought possible.

“People want bathroom technology to be intuitive. They also

“People in Asia view the bathroom much differently now than

want it to be integrated,” Lee details. “At Hansgrohe, we strive

they did ten years ago. It used to be seen strictly as a place where

to deliver these to the public. From the iBOX Universal, the first

you got in and got out,” KC Lee, Managing Director at Hansgrohe

Raindance shower to our latest ‘Select Technology’ increasingly

Singapore, explains. “However, the bathroom has evolved and

incorporated into a wide range of bathroom and kitchen mixers,

is now seen as a lifestyle space. It’s become a place for relaxation and rejuvenation and is arguably one of the most important rooms in a house.”

consumers can be confident

“People want bathroom technology to be intuitive. They also want it to be integrated.”

Hansgrohe, along with its high-

they are getting products that offer the best when it comes to design, innovation and quality.” Hansgrohe isn’t just saying that either. It has the awards to back

end AXOR brand, have a wide-range of products that are not

it up. This year, the firm is ranked sixth for design competence

only functional, but can inspire bathroom design. AXOR works

by the International Forum Design (iF), soaring above similarly-

with world famous designers, such as Philippe Starck and

reputable brands like Apple and the BMW Group. In the ranking

Patricia Urquiola, who have helped bring about this bathroom

of more than 2000 companies, Hansgrohe ranks far above other

revolution.

bathroom fittings company and is also the leading German

Nowhere is this progress more evident than with the AXOR Starck V mixer that combines organic and sculptural design with easy to use features. According to the company, this glass fixture illustrates the vitality of water in the form of a vortex. 32

company. Altogether, the company has won more than 500 design awards including the iF Design Award, the Red Dot design award for product design and the Design Award of the Federal Republic of Germany.

Live Smart

“Hansgrohe is committed to being an innovation and design

With so many unique and innovative products, perhaps the best

leader. We’re committed to producing products that are of the

way to see them all is to explore a Hansgrohe showroom. These

highest standard, and we will never soften on these concepts,”

can be found in Bangkok, Makati, Singapore and Hanoi to name

Lee points out. “We believe in walking the walk. We invest

a few places. Visiting allows people to not only see what they

in research and development to ensure we are constantly

want, but find new items or design ideas that might work in

improving. We keep the focus on design, innovation and quality.”

their house.

Emerging markets in Southeast Asia have started to become

“Our showrooms are a place where customers can let their

more in tune with bathroom design trends and have naturally

imagination run free. They can see designs in real life, ask

gravitated towards Hansgrohe and AXOR products, which are

questions and get a better understanding of what they want

recognised as industry leading. Of course, each country has

their bathroom to look like,” Lee says.

different demands when it comes to bathrooms with clients in Vietnam, Thailand and the Philippines all having unique requirements.

The company’s reach throughout Southeast Asia is simply another sign of its popularity in the region. There are many reasons both developers and homeowners have come to trust the brand. “We take pride in always being there for our clients, regardless of who they are or how big they are. Good service is something we believe in. From pre-sales consultations to after-sales service, we will assist clients in any way possible,” Lee concludes. Hansgrohe has showrooms throughout Southeast Asia. Visit hansgrohe.com.sg and axor-design.com for more information

“In Southeast Asia, you see a wide spectrum of design tastes,” Lee says. “For example, in Vietnam, there is a preference for classical designs while in the Philippines buyers tend to prefer American-inspired bathroom styles.” For some companies this would be a hurdle, but for Hansgrohe, it is actually a challenge they welcome. That’s because most of their AXOR products are customisable allowing for clients to find the right colour, finish or size they desire, thanks to the bespoke individualisation service AXOR FinishPlus and AXOR Signature. “A lot of clients don’t always realise the level of customisation Hansgrohe provides,” Lee notes. “Styles and tastes can vary greatly, but they shouldn’t limit the choices available to a person when designing their bathroom. That’s why nearly all of our products come in multiple styles and finishes.” 33

Live...Play...Invest

Live… Play… Invest

Manila Bay

Manila Bay remains the city’s most historic district. With the baywalk and Roxas Boulevard serving as a guide, there is nothing quite like a stroll along the waterfront. It’s home to parks, embassies, government buildings and the Cultural Center of the Philippines Complex, not to mention some of the most breathtaking sunsets in the entire world. A number of luxurious residential projects have been launched in the area during the past few years with both local and international buyers coming to the conclusion that there is really no reason to leave the bay.

Live Situated at the premiere side of Roxas Boulevard, Admiral Baysuites, winner of Best Luxury Condo Development at The Dot Property Philippines Awards 2017, is the redevelopment of the Admiral Hotel, once the beacon of seafarers and the hub of the Philippines’ elite during the pre-war era. The landmark hotel catered to some of the world’s most prominent figures such as such as General Douglas MacArthur and Lord Mountbatten. Today, it is renovated to be a European-inspired luxury boutique hotel and a 53-storey residential condominium along an iconic boulevard that is Manila’s version of Champs-Elysees.

Play Apart from catching a glimpse of the wonderful sunsets, there is no shortage of things to do in the area. There are a number of museums along Roxas Boulevard as well a theme park. Meanwhile, Entertainment City, an area that features several integrated resorts and casinos, and the Manila Yacht Club are also close by. The plethora of entertainment options means it’s impossible to be bored.

Invest Rental yields in Manila happen to offer some of the best returns in Southeast Asia, while Manila Bay is an area in high demand. There is only a limited supply of residential space available creating favourable conditions for investors. Projects that offer top-end facilities are the most popular since many investors will be staying at their units part of the year and letting it out when not in the country. One of the reasons Admiral Baysuites is so popular is because it has numerous facilities including a 25-metre lap pool, mini-theatre, gym, KTV room, music room, game room, poker room and billiards room.

Final Thoughts Manila Bay is one of the most unique destinations in Southeast Asia. It’s also an area people want to live in. Given the upward trajectory of the Filipino real estate market along with the strong demand and limited residential supply in Manila Bay, it certainly is an area worth considering. Iconic projects such as Admiral Baysuites not only provide strong rental yields, but are also developments you’ll actually want to use.

Luxury Condominium I Kata I Phuket

TAKE A DEEP BREATH

Prime location I panoramic sea view I private pools I luxurious two-, three- and four-bedroom suites

Location

The View is conveniently located overlooking the beaches of Kata, Kata Noi and Karon on the prestigious western sunset-soaked coastline of Phuket, only about 800m away from Kata Beach, home to high-quality restaurants, coffee shops, spas and banks. The area has a pace of life generally considered to be quiet and relaxed and for those searching for livelier nightlife or shopping, itâ&#x20AC;&#x2122;s good to know that Patong is just a 12-minute drive north and is buzzing most days (and nights) of the year. Chalong Pier, the departure point for Phuketâ&#x20AC;&#x2122;s many nearby islands, is a five-minute drive away.

Concept & architectural style

The Viewâ&#x20AC;&#x2122;s low-density, low-rise architectural style is in a modern tropical contemporary design with a strong and deliberate emphasis employed to maximize the views, whilst at the same time protecting personal privacy. Careful selection of appropriate materials has helped ensure the practicality and durability of the construction without compromising the aesthetical or functional delivery of the units. Each block is bright white, allowing excellent natural light, due to the generously proportioned windows and doors, while the cleverly arranged tiers of units and blocks represent the graceful curve of a wave and its continual movement. Facilities include a wellness centre with spa, a fitness gym and sauna, as well as a restaurant and two swimming pools

Options

We offer a wide range of high-quality sea view choices, ranging in size from our generous one-bedroom units at 116sqm to our opulent 674sqm six-bedroom penthouse. Our highly competitive pricing for these condominium units provides you with a chance to invest in high-quality real estate and to secure value for money in Phuket. The units are designed to achieve both significant rental returns and capital growth.

Strength-based development team

Our team is a strength-based structure with each member regarded as a top-tier specialist within their respective functions. DCM, our contractors, has successfully completed a number of highquality developments that are regularly used as the benchmark of development quality in both Phuket and all around Thailand. Carefully selected consultants, each with key local and international technical knowledge, augment the core team to ensure an excellent finished product. Contacts 29/17-18 Moo 5, Rawai : +66 81 666 6622, +66 86 943 9996 : +66 76 381488 sale@theviewphuket.com www.theviewphuket.com

Insights Indonesia

Indonesia backtracks on vacant apartment tax plan Virginia Ewart-James

Those with empty apar tments in

Sofyan Djalil, Agrarian and Spatial

apartment is defined. There was concern

Indonesia can rest easy after the

Minister, made the announcement in

that investors who do not use property

government decided against following

April, saying at the time, â&#x20AC;&#x153;We will rethink

as their primary residence but stay there

through with plans to tax any apartments

such a policy because property is having

occasionally would be targeted by the

left unoccupied. The taxes had been

a difficult time now. We will discuss it

vacant apartment tax.

discussed by the government earlier in

furtherâ&#x20AC;?. Djalil cited a slowing economy

the year, but have been put on the back

for a reason this decision was made.

burner for the time being.

Transaction numbers have reduced for

While the government could revisit the

apartment sales in the country.

The Indonesian government has also postponed a tax on idle land. Initially the idea was to incentivise landowners to use their property by applying a progressive

proposed taxes in the coming years, they

The government wants to try and attract

tax for any land left idle that is similar to

have given up hope of implementing the

more foreign investors and a policy like

a new tax proposed in Thailand. However,

tax on empty apartments in 2017.

this hinders these efforts since many

the plan as of now is to speed up on the

international buyers do not immediately

issuing of land certificates to aid the

let out their units. Real estate firm

situation.

This is welcome news for campaigners who raised concerns that a tax of this sort could reduce investment interest within the property world. With the countryâ&#x20AC;&#x2122;s property market slowing down, there was some worrying that the tax

Cushman and Wakefield estimate that investors comprise 60 percent of all apartment occupiers showing their sheer strength in the market.

The third type of tax that has also been discussed along with the tax on vacant apartments and idle land is a capital gains tax. All of these taxes were

would dampen foreign interest in real

One key stumbling block for the

proposed by the Finance Ministry at the

estate and compound the problem.

proposed legislation was how a vacant

start of the year.

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Insights Thailand

An introduction to running a condo building in Thailand Mike Wall

Many expats fall in love with Thailand and decide to buy

The CCB chairman is the managing director with a board of

property in the country. Some will opt to purchase a house and

directors and a general manager. The main aim of the board is

land within the rules relating to foreign ownership. However,

to manage the building in an appropriate manner whilst keeping

due to higher operating costs, many more choose to live in a

the annual maintenance fee per square metre unit area as low

condominium with most of these having facilities often found

as possible.

in a house.

Members of the CCB should have some skills relevant to the

When a new development is completed and handed over to

board’s activities. These include dealing with owners, running

owners, a committee, known as the Condominium Corporate

meetings, maintenance issues, performance appraisal and

Board (CCB), must be elected to oversee the management of

financial management. There should also be safeguards,

the building. A ‘Juristic Person’ (JP) and Manager must also be

checks and balances in place to prevent mismanagement and

appointed to handle the legal aspects and day-to-day running

theft. It is common for those volunteering for such positions to

of the building. These two roles are often combined. The CCB

be outspoken and to have firm opinions.

has a policy-making role together with macro-managing the building whilst the manager micro-manages the building.

For more information on Managers, Committee Members, serving on the CCB and issues that can arise, pick up a copy of

In some buildings, the owners may choose to hire a professional

my book, ‘Running a condo building in Thailand’. There you will

management company to take care of the building. There

learn more about these as well as receive tips on operating and

are many such companies, both good and bad, available in

running condominiums.

Thailand. They will also report to the CCB in the same way as an individual manager would. Those who buy a unit in a new development will have an interest in how the building will be run and often volunteer to join the CCB. Similarly, having purchased and occupying a second hand unit, an owner may find that the common areas are not being cared for in an appropriate manner. Many horror stories are out there relating to the mismanagement of buildings. The running of the building is similar to a non-profit business. 38

About the author Having operated his own company in Southeast Asia for many years, Mike Wall and his family retired to Thailand in 2011. To supplement retirement income, they purchased several condo units. Since retiring Mike has been writing technical books and training modules and set about writing a book entitled ‘Running a condo building in Thailand’. It is now available on amazon. com and in hard copy from the author at: mikewallassociates@ gmail.com

At KIS International School in Bangkok, Thailand all students can shine. The midsize, caring community allows KIS students to be confident and to be appreciated as an individual, with unique dreams and strengths. The school is a full IB school, offering the International Baccalaureate Programmes for all age groups (IB Primary Years Programme, IB Middle Years Programme and IB Diploma), ensuring an academically rigorous curriculum that not only prepares students to be successful at university, but also teaches important life skills. KIS, it’s all about Knowledge, Inspiration and Spirit.

“A better future starts with one person who cares about a better world.” Fran, Grade 10, designed a sustainable building for his personal project.

Check out the students’ videos to learn more about their passion www.kis.ac.th

Tel: +66 (0) 2274 3444 Email: admissions@kis.ac.th 39

Market Feature

Now may be the best time to buy in Phuket

"For those with cash sitting idle in a bank account at record low interest rates, it is a good time to be a buyer in Phuket and put that money to work.”

Could things finally be picking up in

should signal that the bottom of the

Phuket? While the island continues

market is being reached as more people

to be one of the most popular tourist

look to buy in and the argument for a

destinations, with visitors coming from

bright future for Phuket is much stronger

across the globe, this hasn’t translated

than the alternative,” Patrick Lusted,

into a strong overall real estate market.

Managing Director at Siam Real Estate,

While some segments such as villas

explained. “With elections due next year,

have remained healthy, other areas have

new 50-year leases for foreigners being

slumped in recent years.

mooted, infrastructure improvements, a

However, the signs are pointing to a turnaround in Phuket and perhaps even a boom period is on the horizon. With low property prices already available in

stability with ever growing tourist numbers, the next real estate boom could be upon us.”

this tropical paradise, a number of other

Po o l v i l l a s a n d f o re i g n f re e h o l d

factors are giving cause for optimism.

condominiums have performed well

“Prices have come down to a level where we are seeing increasing buyer interest in terms of the number of enquiries. This 40

new constitution in place and continued

despite the real estate downturn in Phuket. Villas in particular offer something many buyers aren’t able to enjoy in their home country.

Market Feature

“Pool villas represent excellent value for money,” Lusted stated. “Many buyers from within the Southeast Asian region are coming from large cities where they live in smaller condos, so there is a strong attraction to buy a property with space and privacy.”

Take advantage of a rare opportunity in Phuket With real estate prices in Phuket’s resale market having come down in the past two years, Siam Real Estate has noticed more buyers re-entering the market. International buyers can take advantage of these affordable prices for unit types and prime, beachfront locations that may not exist in their home countries. “ S t ro n g d e m a n d i s c o m i n g f ro m Singapore and Hong Kong and expats in those locations,” Lusted said. “We are starting to see an increase in enquiries again from Russian buyers as their economy recovers.” Another thing to consider is the investment opportunity that comes with buying Phuket real estate. There are a number of resort properties offering investors managed rental pools with guaranteed rental returns in addition to a set number of days each year they can

use the unit. With a significant increase in the number of tourists from China and Russia visiting in the past year, as well as an overall growth in arrivals of 15 percent already estimated for 2017, there is no shortage of people heading to Phuket. And all these visitors will need places to stay. “For those with cash sitting idle in a bank account at record low interest rates, it is a good time to be a buyer in Phuket and put that money to work,” Lusted pointed out.

First-class service from a real estate leader Buying a Phuket property isn’t as easy as showing up to the island and handing

firm takes pride in offering professional and transparent service with attention to clients’ wants and needs. The team is able to qualify and understand these needs and then uses this information to provide clients with choices from their large selection of properties.

over the cash for the unit you want.

“We provide a full service experience

Working with experts who know the

and are not just a property finding and

market, such as the team at Siam Real

viewing company. Our website of over

Estate, can ensure that not only do you

4,500 listings is the most comprehensive

find what you’re looking for, but the

information source for real estate in

process to acquire your dream property

Thailand, chock full of relevant and

goes smoothly too.

useful info for buyers and renters,”

Having been in business for 15 years, Siam Real Estate can provide advice on buying property in Thailand, assist with seller negotiations, get the best deal possible for you, recommend a lawyer and give relocation advice on all matters. The

Lusted proclaimed. “Vendor financing, property check-ups, valuation service, comprehensive downloadable advice guides, information on everything to do with visiting, living and working in Thailand and much more can be found on our website: www.siamrealestate.com.”

About Siam Real Estate Founded in 2002, Siam Real Estate is a first-class real estate services provider. The company is based in Phuket and active throughout Thailand including Bangkok, Hua Hin, Pattaya and Samui among other locations. Clients from around the world speak highly of the firm and you can see what they say here: www.siamrealestate.com/testimonials For more information, Phone: +66 (0)76 383-646 Website: www.siamrealestate.com

Feature

Rising Sun revisited: Is it a good time to invest in Japanese real estate? Cheyenne Hollis

These can be considered interesting

market with no political volatility and

government looking to welcome more

times for real estate investors. While

a proven ability to bounce back after

foreign workers into the country, real

markets in Southeast Asia offer the lure

turbulent events. The Japanese real

estate investment in cities like Tokyo

of high yields, countries like Vietnam, the

estate market has managed to recover

could be a shrewd play.

Philippines and Thailand are all prone to

after the 90s bubble collapse, the global

some amount of risk. Meanwhile, with

financial crisis and the massive 2011

the impact of Brexit and the presidency

earthquake.

of Donald Trump still unknown, so-called safe haven markets like the US and UK aren’t as much of a sure bet as they have been in the past.

The country also offers something emerging markets don’t have, a large, developed economy. Additionally, tourism is rapidly expanding in Japan

This is why some investors have begun

with Tokyo among the most visited cities

turning their attentions to Japan, a

in the world. And with the Japanese

In fact, the only thing stopping more property investors from entering the country has nothing to do with the performance of the market itself. “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

Feature

complications in the process, but it is

Another advantage Japan has on those

“Nearly 50 percent of the population

easy to overcome with the help of an

markets is price. While property in the

in Japan are renters and renting is not

expert. There are also considerations you

country is not cheap when compared

necessarily something that is seen as

will need to be aware of when it comes to

to developing markets like Vietnam,

being negative,” Sato pointed out. “Many

financing and capital gains tax, but the

Thailand and Indonesia, it does cost

people in the country work for larger

process of buying real estate in Japan is

significantly less than in Hong Kong or

corporations and move every three-to-

straightforward and transparent."

Singapore.

five years. This means it isn’t always

Unlike some markets where ownership

“Housing in central Tokyo can cost the

rules regarding international buyers can

third of a similar unit in Singapore and

be complex, there are no regulations

this is something interesting to buyers,”

Of course, not all buyers are doing so for

or restrictions when it comes to non-

Sato noted. “International investors are

investment purposes. A growing number

resident ownership of property in Japan.

also attracted to Japan because of the

are purchasing Japanese properties for

weaker yen which helps make property

use as a holiday or retirement home

prices reasonable.”

since the prices are competitive at

“Japan offers freehold ownership for international clientele and your name will

practical to own a home and ensures the rental market is solid.”

the moment. There are also more and

be shown on the title deed,” Sato said.

Another factor working in Japan’s favour

“And unlike Hong Kong, Singapore and

is domestic demand. Whereas London

Australia, where buyers from abroad are

is now overly dependent on foreign

hit with a stamp duty tax, international

demand, there is still strong domestic

owners are not obliged to pay any

demand in Tokyo. This is something that

additional taxes when buying Japanese

is important for a healthy residential

“Japan has good schools and is safe, but

real estate.”

market.

it is also closer than sending children

more overseas parents sending their children to study abroad in the country and buying housing for their kids to use during schooling at the same time.

Feature

to study in the US or UK,” Sato reported.

hospitality sectors,” Sato said. “Places

“More exchange students are coming

like Kyoto and Okinawa are popular for

to Japan from South Korea, China and

hotels and resorts while there has also

Southeast Asia and their parents believe

been some interest in Osaka with the

purchasing a unit for their child to live in

government approving gambling and

makes sense.”

allowing for integrated resorts in this

This new wave of buying isn’t limited to

area.”

individuals looking to purchase single

Regardless of if you are looking to

units. Institutional investors are acquiring

purchase a single unit or are a large-

housing portfolios with others looking

scale investor, Sato stressed that it is

at the senior housing, office, retail and

important to work with a firm that not

hospitality sectors in Japan.

only knows the market, but can also help

CapitaLand spent USD 440 million on

with all aspects of a potential deal.

two office buildings in Yokohama, along

HJ Real Estate is an associate company

with the Kokugikan Front office block

of Housing Japan K.K, an international

and Seiyu & Sundrug mall in Tokyo.

real estate broker in Tokyo, and HJ Asset

Meanwhile, Chinese insurer Anbang

Management K.K, an independent asset

was said to be in talks to acquire USD

management firm.

2.3 billion in Japanese residential property assets from private equity firm Blackstone late last year.

The officially licensed Singaporean agency serves as a one-stop shop for international clientele and can help find

Sato also revealed that several foreign

the best luxury homes and investment

developers are entering Japan. They

properties in Japan as well as translate

believe there is a niche to bring more of

and close contracts in English. HJ Real

an international standard to the country’s

Estate also offers complete property

market that has long been dominated by

management, asset management

domestic firms.

services and can assist with structuring

“You’re seeing several developers from Singapore work on projects throughout the country in both the residential and

deals that contain efficient tax and financing. For more info: www.hjrealestate.com.sg

. . . . . . .

Dot Notes Japan has no restrictions or stamp duty taxes on foreign buyers. The language barrier, and not the market, is the primary reason international investors stay away from Japan. The Japanese residential market has bounced back well from several downturns in the past 20 years. High domestic demand for rental properties ensures market stays steady. Both institutional investors and foreign developers are now active in Japan. Tourist arrivals to Japan reached record highs last year. Japan will host several prominent sporting events, including the 2020 Olympics and the 2019 Rugby World Cup.

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Feature

8 unique things to do in Tokyo While a growing number of foreign buyers are scooping up investment properties in Tokyo, the city continues to be one of the top tourist destinations for those living in Southeast Asia. And while you’re probably familiar with the shopping of Harajuku, the crowded streets of Shibuya and the delicious sashimi found on seemingly every corner of the city, there are lots of other things to see, do and try in this legendary city. Next time you find yourself in Tokyo, here are eight unique things for you to check out.

1) Bank vault farm They say money doesn’t grow on trees, but apparently trees can grow where money once was. At least that’s the case at Pasona’s Tokyo headquarters. Located in the heart of Tokyo’s business district, the building was used as a bank vault until the agriculture firm took over. They enlisted Kona Designs to help transform it into an urban farm that doubles as a work space for its employees. With 100 varieties of roses decorating the exterior of the building, it’s hard to miss this office tower.

2) Ramen museum Situated just south of Tokyo in Yokohama, the Shin-Yokohama Raumen Museum is a tasty and educational experience. Billed as the world's first food-themed amusement park, there is a museum as well as a chance to try the various types of ramen noodles served in Japan. It truly is a one-stop shop where you can enjoy the flavours of Japan’s national dish without needing to visit a bunch of different shops to make it happen. raumen.co.jp/english

3) Pro wrestling Sumo wrestling may be the most well known contact sport in Japan, but it can also get pretty boring after a while. Professional wrestling also has a long and storied history in Japan with it being the country’s most popular sport during the 80s and 90s. And it’s far more exciting than Sumo. These days the most popular promotion is New Japan Pro Wrestling. The company regularly holds events in Tokyo and you can buy tickets online or at the venue. The crowd is a mix of families, couples and salarymen who are all there to cheer on their favourites. Best of all, it’s easy to follow the action even if don’t know much about wrestlers or speak Japanese. njpw1972.com 46

Feature

4) Rooftop Aquarium The Sunshine Aquarium in Tokyo’s Ikebukuro district isn’t your ordinary place to see underwater creatures up close and personal. The aquarium can be found on the rooftop of a 40-metre tall building in the Sunshine City complex that also houses a number of restaurants, hotels and entertainment options. The star of Sunshine Aquarium is the aqua ring, a large see-through tank above the ground that hosts daily viewings of penguins and sea lions. sunshinecity.co.jp

5) Three drinks, one price Also in the Ikebukuro neighbourhood is Coffee Valley. The quaint shop offers your standard array of espresso beverages and some morning eats. However, what makes it unique is its signature drink, 3 Peaks. This is a sample platter featuring an espresso shot, a drip coffee and a latte that lets you savour the shop’s signature beans in multiple forms. If you like coffee but hate choosing between drinks, then Coffee Valley is the place for you. coffeevalley.tumblr.com

6) Free sky view Want to have a bird’s eye view of Tokyo but don’t want to pay for the right to do so at Tokyo Tower? Head to the Tokyo Metropolitan Government Building in Shinjuku instead. It is one of the city’s tallest buildings and you can head up to the observation decks on the 45th floor free of charge. You’ll be able to enjoy spectacular views of the city and, if you’re lucky, you might even be able to catch a glimpse of Mount Fuji.

7) Helen Keller tribute lofts One of Tokyo’s most unique pieces of architecture is the Reversible Destiny Lofts MITAKA -In Memory of Helen Keller- built by architects/artists Shusaku Arakawa and Madeline Gins. The project serves as a tribute to Helen Keller because the building provides lofts that have different uses for each individual according to their physical abilities. The lofts are currently used as residential, educational and cultural facilities and public tours are available. rdloftsmitaka.com/english

8) Buy Socks For whatever reason, Japan has a reputation as the place to buy socks. Numerous socks are available including the traditional tabi style that resembles a duck foot. You’ll also find fluffy socks, five-toe socks and just about every other type of sock there is imaginable. You can pick them at the local JPY 100 store found on most streets and there are a number of sock boutiques in Tokyo selling more upscale offerings.

The Dot Property Vietnam Awards 2017 highlights the best developers, developments, hotels, innovation and design in the country. After a rigorous search, we are proud to announce the winners who exemplify what it means to be best of the best. The following pages showcase the finest in Vietnamese real estate and everyone here at Dot Property wishes to congratulate the winners on their fine achievement. Without further ado, here are the inaugural winners of The Dot Property Vietnam Awards 2017. For more information on the awards and an exclusive look at the winners, be sure to visit www.dotpropertyawards.com

Dot Property Vietnam Awards 2017

Novaland and X2 Hoi An Among The 19 Winners at The Dot Property Vietnam Awards 2017 The Dot Property Vietnam Awards 2017 officially announced the winners with several of the country’s premier developers, projects and companies earning honours. Among the big winners were Novaland Group and National Housing Organization who collected three awards each. Dai Phuc Development and Hoa Binh Construction were also among the 15 firms to pick up awards. Organised by Dot Property Vietnam, the country’s fastest growing property portal, the inaugural Dot Property Vietnam Awards 2017 honoured the absolute best projects, developers and companies that contribute to real estate in the country. “We would like to congratulate all the winners at The Dot Property Vietnam Awards 2017. There was no shortage of qualified projects to choose from, and those honoured truly deserve it. Being named a winner at The Dot Property Vietnam Awards 2017 sets these projects and companies apart in the eyes of both domestic and international consumers who trust Dot Property Vietnam for its unmatched knowledge of the country’s real estate market,” Joe Kheng, Dot Property Vietnam Country Manager, proclaimed. Novaland received the award for Best Developer Vietnam, the highest honour at The Dot Property Vietnam Awards 2017. The renowned developer was rewarded for its diverse portfolio of projects that range from luxurious villa complexes to affordable condominiums. Additionally, two of the firm’s projects picked up awards, including Best Luxury Residential Development that went to Lakeview City. Dalat is one of Southeast Asia’s most beautiful regions with lush landscapes and cool weather making it a popular destination. Dai Phuc Development was voted Best Developer Dalat with the firm’s La Vallee de Dalat project redefining residential real estate in the region. The development transports residents to a bygone era with the elegant craftsmanship and romantic design found at the project’s French colonial-style homes. “We are thrilled and proud that our project is being recognised by such a prestigious organisation, as we know Dot Property Vietnam to be. It is very rewarding to have our vision and hard work recognised,” Dai Phuc Development CEO Barry Israel explains. National Housing Organization was presented with three awards: Best Developer Hanoi, Best Residential Architecture Design for Dragon Hill City and Best Condo Development for Imperial Place. Dragon Hill City has set the standard when it comes to residential architecture design while Imperial Place meets international standards and features high-quality construction. In the costal city of Hoi An, Ixora Real Estate scored two awards for its X2-branded projects. X2 Hoi An won Best Villa Resort Development and Best Villa Development. The project’s generous ownership scheme and eco-friendly features were cited as two major reasons for X2 Hoi An’s victories. Prominent developers FLC Group and Sacomreal were named as Leaders of Real Estate. The special award was created to highlight developers who go above and beyond the status quo and positively contribute to Vietnam’s real estate market. Winners are selected by Dot Property Vietnam and the regionally focused Dot Property Magazine who evaluate every candidate based on a number of factors created specifically for each individual category. “The interest and support we have received for The Dot Property Vietnam Awards 2017 was really impressive despite this being the first year. Our simple, straightforward approach proved to be popular with all parties involved and has set the foundation for future success,” Kheng added.

The Dot Property Vietnam Awards 2017 full list of winners: • Best Developer Vietnam: Novaland Group

• Best Waterfront Development: Ocean Dunes

• Best Developer Dalat: Dai Phuc Development

• Best Township Development: Thang Long Home - Hưng Phú

• Best Developer Ho Chi Minh City: Son Kim Land

• Best Residential Architecture Design: Dragon Hill City

• Best Developer Hanoi: N.H.O.

• Best Construction Company: Hoa Binh Construction

• Best Villa Development: X2 Hoi An

• Best Real Estate Agency Vietnam: VINestate

• Best Villa Resort Development: X2 Hoi An

• Best Real Estate Agency Hanoi: Newstarland

• Best Luxury Residential Development: Lakeview City

• Best Innovation and Technology Vietnam: Searefico

• Best Condo Development: Imperial Place

• Leaders of Real Estate Award: FLC Group

• Best Mixed-Use Development: Cityland Park Hills

• Leaders of Real Estate Award: Sacomreal

• Best Green Development: Imperia Sky Garden

Best Developer Vietnam

NOVALAND GROUP, VIETNAM

Best Developer Vietnam

No one does it better: Novaland Group wins Best Developer Vietnam Even as uncertainty surrounded Vietnam’s real estate market during the past 10 years, Novaland Group persevered through diligent preparation and hard work. These efforts paid off as the company finally debuted on the Ho Chi Minh Stock Exchange late last year, firmly entrenching itself as one of the country’s top developers.

it enough to launch projects for the next five years. The firm is also looking at developing commercial and hospitality projects in the coming years, as it wants to expand its reach into other sectors of the property market.

Having been in business for 24 years, the developer has 40 projects in its portfolio and has transferred more than 6,000 units to happy customers who know that when they purchase a home from Novaland, they are getting the best. Everything from design to the facilities at its projects are thoughtfully considered to ensure residents aren’t simply acquiring a unit, but get to enjoy a certain lifestyle.

Novaland has built its reputation by building highend developments throughout Southern Vietnam that have resonated with buyers. Here are a few of the firm’s projects:

When narrowing the list of candidates for Best Developer Vietnam at The Dot Property Vietnam Awards 2017, this was a factor that was heavily considered. Competition in the Vietnamese real estate market is at an all-time high as the tastes of buyers has continued to evolve. Cookie-cutter units at ordinary buildings are no longer passable and consumers in Vietnam demand the absolute best when it comes to property. This is where Novaland shines. Much like a composer putting together a symphony, the firm considers every little detail before launching a project to ensure residents are able to indulge in a harmonious life. Whether it is the lush greenery at Lakeview City or the strategic location of Newton Residences, all aspects of daily life seamlessly come together to provide unmatched convenience. The developer continues to bring new and exciting projects to the market with each one capturing the imagination of end users and investors alike. Their developments are luxurious and meet international standards while still maintaining elements popular in Vietnam. Equally as important, Novaland is willing to build all types of developments in order to serve the public. It has developed detached housing, villas, apartments, condominiums and mixed-use projects that all meet the company’s exacting standards. Looking towards the long term One area Novaland really excels at is vision. Even when times are tough, the developer refuses to compromise on its principles. It believes all activities must be based on truthfulness and integrity to ensure sustainable development. Additionally, the company trains its more than 2300 staff members to also view the big picture. Everyone at Novaland is committed to reaching long-term goals and not chasing immediate, short-term benefits. This forward-thinking planning saw Novaland build up a land bank of 9.8 million square meters giving

The foundation of Novaland’s success

Saigon Royal Residence This apartment building also has commercial space and an office-tel. Its convenient location in one of Ho Chi Minh City's most bustling business districts is near Wall Street in District 1. Of course, all work and no play leads to a dull life and that’s why Saigon Royal Residence is equipped with a number of facilities including a gym, sauna and swimming pool. Best of all, the apartments have views of the city as well as the Ben Nghe Canal and Saigon River. Lucky Dragon With a harmonious combination of youthful colours and classic features like marble pillars, Lucky Dragon features a sophisticated design almost exclusively found in Paris. The townhouses and detached apartments at the project have sublime designs while the retail part of the project contains restaurants, cafes and entertainment venues that ensure residents are never bored. Everything comes together to create an integrated living experience not found anywhere else in District 9. Golden Mansion Golden Mansion can be found adjacent to two of Ho Chi Minh City’s "green lungs": Gia Dinh Park and Hoang Van Thu Park. This allows residents to have a healthy living environment. The apartments feature a comfortable living space and have been flexibly arranged to maximise the usable area. The result is a project that offers dynamic living while the central location makes it easy to get around the city. The best in Vietnam Vietnam’s real estate market is more developed than it gets credit for. The residential projects found in the country are some of the most advanced in all of Southeast Asia, and Novaland has played a big role in constantly raising the bar. No other developer has the track record or portfolio of projects as robust. The results are in and Novaland Group is the winner of Best Developer Vietnam at The Dot Property Vietnam Awards 2017.

Best Luxury Residential Development

LAKEVIEW CITY, VIETNAM

Best Luxury Residential Development

Developed by

It was world class projects like Lakeview City that were behind Novaland’s accession to Best Developer Vietnam award this year. The development is a collection of semidetached villas, townhouses and shop houses spread across 30 hectares located along a scenic lake. Of course, Lakeview City is an award winner in its own right having been named Best Luxury Residential Development at The Dot Property Vietnam Awards 2017. The upscale residences vary in type ensuring those buying a property here have the accommodation that best suits their lifestyle. The development promotes safe and convenient living with numerous amenities found in and around it. Lakeview City has shopping centres, entertainment venues, healthcare facilities, swimming pools, sport areas and the best security available. Located in District 2 next to the Thu Thiem urban area, a place some experts are predicting to become the new financial district of Ho Chi Minh City, the location is near several transport connections that can take residents to other parts of the city in no time at all. Additionally, multiple international schools are either open or set to be built in the area, making it the perfect place to raise a family. Speaking of families, Lakeview City has a children’s playing area as well as several green spaces to promote healthy living for the young ones. The centrepiece of the project is the ecological lake that is surrounded by trees and walkways. It is the ideal spot for a family stroll as the sun goes down. Leading Japanese architectural company Nikken Sekkei master planned the community while local firms Ngo Quang Hien and An Phu An were responsible for the concepts and details. The efforts of all three are clearly evident as every aspect of Lakeview City has been painstakingly considered. The design of the villas, townhouses and shop houses feature innovative designs that create dynamic living spaces that allow for abundant natural light to shine on through. Comfort and privacy were also considerations and those living here can enjoy both in spades.

Project:

Lakeview City

Developer:

Novaland

Product:

Semi-detached villas,

townhouses and shop houses on

a landscaped lake

Architect:

Nikken Sekkei (Master plan);

Ngo Quang Hien Ltd (Concept);

An Phu An Ltd (Details)

Location:

Nam Rach Chiec, An Phu Ward,

District 2, Ho Chi Minh City,

Vietnam

Launch:

January 2016

Completion:

September 2017

Total land area:

30.1 hectares

Number of units: 960 units Facilities:

Gym, swimming pool, tennis

court, basketball court,

supermarket, kindergarten,

primary school, high school and

a 3.6 hectare lake

Sales office:

090 308 2262

Website:

www.novaland.com.vn

The Dot Property Vietnam Awards 2017 is pleased to announce that Novaland’s Lakeview City has won Best Luxury Residential Development. The project spares no expense with everything from green spaces to bedrooms offering residents a luxury lifestyle not found anywhere else in Vietnam.

Best Villa Development

X2 HOI AN, VIETNAM

Best Villa Development

Developed by

X2 Hoi An has a positive energy that is evident throughout the design of the project. The architectural philosophy of the development is based on feng shui, ecology and heritage. The focus on all three is evident throughout the project. All five tenets of feng shui can be found in each villa as well as the common areas while the developer has gone to great lengths to ensure the project is environmentally friendly.

Project:

X2 Hoi An

Developer:

Myviet Joint Stock Company

Product:

Residential, Condotel & Hotel

Architect:

HTA+Pizzini

The location of X2 Hoi An allows residents to truly understand the heritage of Hoi An. It is situated along the banks of the Co Co River while Hoi An’s ancient town is close by allowing those staying here to have a greater appreciation of the region and its history.

Location:

Dien Duong Commune, Dien Nam

New Urban, Dien Ngoc Ward,

The X2 brand, pronounced cross-to, has become a leader in managing boutique resorts in Southeast Asia and owners of a villa at X2 Hoi An are extended membership in the exclusive X2 Owners Club. This innovative exchange program allows owners of any X2 property to swap holiday time with each other, on a like-for-like basis. This means they can explore new destinations and stay at any of X2’s 27 resorts in Southeast Asia. Of course, it may be difficult to pull residents away from the lush tropical surroundings and unparalleled river views of X2 Hoi An. There are also a number of features including a rejuvenating spa where guests can enjoy top-tier wellness services, a modern gym facility and an eco-friendly bar and restaurant at the resort. The project has a two-kilometre jogging track that goes around the property and a kid’s area as well. The villas themselves are magnificent and there are five different unit types available ranging from one- to four-bedrooms. Features at each villa include a private swimming pool, a large dining area and a modern kitchen as well as a layout that ensures privacy and tranquillity.

Dien Ban District, Quang Nam

Province.

Launch:

August 2017

Completion:

December 2019

Total land area:

70,000sqm

Number of units: 100 units Facilities:

Restaurant, Spa, Bar, Kid Corner,

Library/Business centre

Email:

julia.p@ixorarealestate.com

Website:

x2hoian.com

When not staying at the resort, investors will be able to enjoy strong rental yields. Not only is the X2 brand one of the most popular in all of Asia, but X2 Hoi An’s unique positioning as an eco-friendly project will position it to take advantage of the growing number of ecoconscious tourists travelling to Vietnam. X2 Hoi An has been awarded Best Villa Development at The Dot Property Vietnam Awards 2017 for its intuitive design that combines feng shui and environmentally-friendly features as well as its strong branding and ownership scheme. Buying a villa here is a decision you won’t regret.

Best Real Estate Agency

VINESTATE, VIETNAM

Best Real Estate Agency

VINestate wins Best Real Estate Agency Vietnam 2017 at The Dot Property Vietnam Awards 2017

Real estate agencies play a vital role in helping people buy and sell property, especially in Vietnam. With a market full of potential, more foreigners are looking to acquire real estate in Hanoi and Ho Chi Minh City as well as popular coastal cities such as Phu Quoc, Phan Tien, Nha Trang and Danang. However, for a non-Vietnamese buyer, acquiring real estate in the country can be tricky despite the government relaxing the rules on foreign ownership in 2015. There are a number of rules and regulations that must be considered and this is where the services of a real estate agency can be of use. Built from the ground up, VINestate has set itself apart by serving as a one-stop shop for real estate services in Vietnam. It confidently handles brokerage services, property management and investment consulting and clients speak highly of VINestate’s skill and expertise. Customers from around the globe trust the firm to deliver the best service possible. VINestate is the deserving winner of Best Real Estate Agency Vietnam at The Dot Property Vietnam Awards 2017. VINestate Co-founder Oleg Morozov shares his thoughts on the market in Vietnam as well as what sets the company apart from the competition. VINestate says it is a one-stop real estate shop? How is this possible? What do you do differently from other agencies? Usually local agencies tend to work with a list of developers they have a contract with. We work with all biggest developers in the most important regions of Vietnam Also, we are the only agency in Vietnam that created to work with foreigners – we know the real procedures and we know how the market works. Why has there been such an increase in foreign investment in Vietnam’s real estate market during the past few years? Does this trend look set to continue? Besides other factors, such as the emerging nature of the market, constant economic growth, political and social stability, we assume the main reason for an increase in FDI in the real estate market is the change in residential real estate legislation allowing foreigners to own apartments and villas in Vietnam. Not only have a limited group of properly qualified foreigners been permitted to buy real estate, but now every single foreigner who has permission to enter and stay in Vietnam can do so as well. In addition to

that, the owner of such a property is allowed to use it as a source of income and can use it as collateral with credit institutions. Considering the intention of the government to continue liberalisation of the legislation in regards to foreign ownership, we presume this trend will continue through the mid-term at a minimum. What are some important facts foreign investors should know about Vietnam’s real estate market? First of all, we would note that the Vietnamese real estate market is still emerging and that makes it very attractive to private buyers and big investors as well. The local buyers, however, have become very selective and educated. It is getting harder and harder to gain their attention and persuade them to buy. When entering this market, a developer or investor has to be very smart, very sharp and consider that every single detail of the development does matter. Smart design, green solutions, cost efficiency, amenities and facilities are important and so is marketing. You need to pay attention to all of these areas in order to create a successful project. What are some of the key markets in Vietnam? What cities/regions does VINestate focus on? Nha Trang is the most popular coastal destination and a popular area. We also focus on Ho Chi Minh City as the market here is booming and will continue to grow. We also provide services in Hanoi and several other key coastal destinations. What does it mean for VINestate to win Best Real Estate Agency Vietnam 2017? What should people expect from your company in the future? Since we are quite a young company and the competition during the last few years was tough, it is an honour to receive this recognition. Creating a new company outside your native country from a scratch is a very hard thing to do, especially if you don’t have a big brand behind you. We respectfully accept this award as an appreciation of our hard work and contribution to the development of the real estate market in Vietnam. We are confident that this award will inspire our company to develop further and we shall continue to provide our customers the most outstanding service. www.vinestate.com Phone: +(84) 125 582 4522 Email: oleg@vinestate.com

Best Green Development

IMPERIA SKY GARDEN, VIETNAM

Best Green Development

Developed by

Imperia Sky Garden soars as Best Green Development Green developments are arguably the most difficult to create. Developers must be able to find innovative ways to incorporate eco-friendly features and green spaces along with modern conveniences homebuyers demand from their residences. MIK Group has taken on this challenge and the results have been amazing. The firm’s Imperia Sky Garden is a project that is changing the game when it comes to green projects in Vietnam. The mixed-use development offers the harmony of nature to residents and visitors alike. Greenery and modernity has been seamlessly integrated at Imperia Sky Garden and this helped it win Best Green Development at The Dot Property Vietnam Awards 2017. Let’s start with Imperia Sky Garden’s most impressive feature, a four-storey green space that has a carefully arranged garden and public area that features trees, fountains and a children’s play area along with a vibrant retail space. This creates a community gathering point that is always fresh and full of life throughout the day. And this is only the beginning. The two residential buildings each feature rooftop gardens that boast an infinity swimming pool among a number of other lifestyle amenities. The 1,800 apartments at Imperia Sky Garden have been scientifically designed to maximise functionality and create a living environment with good feng shui, a very important quality in Asia. There are various types of apartments ranging from two- to three-bedroom units. The layouts of the units suit different needs and lifestyles allowing MIK Group to be able to offer something for everyone instead of forcing residents to cope with cookie-cutter accommodations.

The rooms inside each apartment have at least one facade that helps balance light and natural wind to create a comfortable environment for those living here. The space is also streamlined to facilitate the daily activities of younger generations who may have more modern requirements while still respecting the confidential tradition of Vietnamese families. This guarantees Imperia Sky Garden feels like home, no matter a person’s age or lifestyle. Location is also another aspect of Imperia Sky Garden that stands out. The project is located in what is considered to be a golden position at the southwest gate of Hanoi. Reaching the city centre is hassle free with the surrounding areas having strong transportation links. Additionally, there is easy access to a multitude of high-class facilities and other developed areas of the capital. The beautiful Hoan Kiem Lake is a short drive away for those looking to enjoy a scenic weekend getaway, Meanwhile, schools, hospitals, parks, commercial centres and entertainment options are all accessible in mere minutes by car. MIK Group has truly developed a project that is green without compromising on quality, something that is no small feat. While there is no shortage of green projects in Vietnam, Imperia Sky Garden surpassed the competition to win Best Green Development at The Dot Property Vietnam Awards 2017. For more information: www.imperiaskygarden.vn Hotline: +84 (0) 919.88.33.99 / +84 (0) 7106.8689 Email: cskh@mik.vn / sales@mik.vn

Dot Property Best Developer Exclusive Dalat Agent - Bangkok

DAI PHUC DEVELOPMENT, VIETNAM

Best Developer Dalat

Dalat is one of the most charming places in all of Southeast Asia. Boasting a cool climate and rich history, it is the perfect place for getaways with more and more people now choosing to retire here. While Dalat is home to several stunning projects, no developer has managed to capture the essence of the region quite like Dai Phuc Development, winner of Best Developer Dalat at the Dot Property Vietnam Awards 2017. Dai Phuc Development CEO Barry Israel shares with us the firm’s goals and ambitions and explains what makes Dalat such a special place.

Winning Best Developer Dalat is a prestigious honour and shows you are leading the way when it comes to real estate in the region. What makes Dai Phuc Development stand out? What are some of your unique selling points?

a constant stream of persons wanting to see the first high end project developed in Dalat. We are only now beginning sales so we are hopeful that the interest we saw during construction translates into successful sales.

Our location and our design. La Vallee de Dalat overlooks a lush valley and rolling mountains, on the cliff of a hillside next to Bao Dai Palace II. This hillside location allowed us to design villas that feature breathtaking views from spacious terraces or verandas on each level. While giving a feel of the countryside, the villas are five minutes from the city centre and the beautiful Dalat Palace Golf Club. The project is the only guarded and walled private luxury compound in Dalat. The villa designs carry forward the French colonial architectural heritage of Dalat from an overall design perspective, but with modern features one would expect from a high-end, luxury development.

La Vallee de Dalat draws inspiration from the region’s history while maximising the views. How important was it to not simply focus on one style or design, but instead incorporate different elements? Do you think this is something buyers are able to recognise and appreciate?

Due to its location, geography and climate, Dalat is a unique market. How is working here different from say HCMC or the popular coastal cities? Throughout Dalat’s history, the city has provided a respite from the heat and humidity found throughout the rest of Southeast Asia. Dalat’s cool climate is unique in the region. This means the villas are designed differently than those built for the heat, humidity and pollution in the big cities. For instance, the villas have no air conditioning. It’s unnecessary. Instead, every floor of each villa has a wood burning fireplace for cool evenings. Dalat is also a second and third home market for investors and a retirement destination. The villas are designed for these markets offering large family spaces at least four bedrooms and six to eight bathrooms, all designed for families and entertaining. Vietnam has become a market full of savvy buyers with discerning tastes. What are some of the innovations you have utilised to ensure you stay ahead of the competition? First, we made a decision to construct all the villas prior to starting to market. You are right that Vietnam has sophisticated buyers. Because we are marketing to the top end of the market, we felt that these buyers want to see a completed villa rather than a rendering and a promise of what is to come. Second, we have used all top quality materials. Our wood flooring is imported American white oak. Our stone is all imported from Europe. Our kitchen and bathroom fixtures as well as all hardware are the best available. We are able to offer super quality construction with beautiful features all designed to compliment the gorgeous views which are the highlight for any buyer and something not available anywhere else in Vietnam. Dai Phuc Development was one of the first developers to introduce the idea of building custom homes in Dalat. What has the response to this been? Do you think this is something you will continue to do at future projects? The response has been amazing. The project has been featured in magazines around the world. As a result, we have

Prior to starting buying land in Dalat, we were the owners of the Dalat Palace Hotel, the DuParc Hotel and Dalat Palace Golf course in Dalat. As a result, we developed a strong sense of Dalat’s history and an appreciation of Dalat’s unique architecture. So our first direction to the architects was to design villas consistent with Dalat’s history. The exteriors of the villas achieve this goal. But we wanted the interiors to be modernised with all the features one would expect to find in high-end villas from large rooms and spacious and well-designed kitchens to large wrap around verandas. But all of these design features were secondary to focusing anyone who comes into a villa on the gorgeous views. Those who have visited clearly appreciate what we have done. Invariably, anyone who walks into the main door of any villa is immediately drawn to the veranda and the views. What are Dai Phuc Development’s plans for the future? What can consumers expect to see from your firm moving forward? Well, we will finish the final villa under construction. But we own other land that’s in a great location with panoramic views of the city and surrounding forests and are looking at our development options. One idea we have is to develop villas to be put into the short term rental market appealing to high-end tourists through Airbnb and other similar marketing outlets. What are the benefits of purchasing property in Dalat from the perspective of a foreign buyer? La Vallee de Dalat is one of the 12 projects in Lam Dong Province approved for sale to foreign buyers. Dalat has no land left in the city with views or security like we have. Land prices in Dalat are going up quickly because there is so little left. We believe there will be substantial escalation in land and property values making a villa an excellent long term investment. In addition, Dalat offers time away from the heat and pollution now permeating SE Asia. We think that parents with children will seek out Dalat as an alternative holiday location. We also think that a buyer’s return on investment, for those buyers who want to rent their property on the short term market, is very promising. What does it mean for Dai Phuc Development to win Best Developer Dalat at the Dot Property Vietnam Awards? We are thrilled and proud that our project is being recognized again by such a prestigious organisation as we know Dot Property to be. It is very rewarding to have our vision and hard work recognised.

Best Developer Dalat

LA VALLEE DE DALAT, VIETNAM

Best Developer Dalat

There are houses in Vietnam and then there are the seven magnificent luxury villas that sit inside the private gates of La Vallee de Dalat, a luxurious project from Dai Phuc Development, winner of Best Developer Dalat. Simply put, the painstakingly detailed La Vallee de Dalat is the crown jewel of this up and coming region. Residents find themselves high in the sky on a pine-covered hillside, delighted by the fact they own a piece of the most exclusive real estate development in Vietnam. Villa owners are transported to a bygone era through the elegant craftsmanship and romantic design of their French colonial style home. There is no doubt La Vallee de Dalat’s visionary residences form the pinnacle of Vietnamese real estate. In addition to the spectacular setting, it is the only private guarded compound in Dalat and happens to be a mere five minutes from the storied Dalat Palace Golf Club and adjacent to Bao Dai’s Summer Palace II. With only eight villas on offer, owners are among the privileged few that can call the King’s land home. La Vallee de Dalat is majestically situated a mile above sea level overlooking a lush valley and rolling pine-covered mountains. Unlike most real estate in Vietnam, the gradual slope of the property has enabled the architect to design villas that feature spacious terraces on each level. Such areas not only allow residents to feel closer to nature, they also enhance the unique, colonial-era style of La Vallee de Dalat. What’s more, consideration has been given to landscaping and infrastructure, resulting in a well-planned, private, luxurious community that is both beautiful and easy to access. The project contains a limited number of two- and three-story villas with one empty lot set to be developed in the near future.

Project:

La Vallee de Dalat

Developer:

Dai Phuc Development Co., Ltd.

Product:

Villas

Architect:

Asiatique Design

Location:

Dalat, Lam Dong Province

Launch:

January 2013

Completion:

August 2017

Total land area:

10,000 sq. metres

Title:

Freehold

Facilities:

Guarded entrance gate,

walled compound with security

cameras, garages, landscaped

grounds for each villa; high

speed fiber optic internet and

Dalat Palace Golf Club

memberships available

Sales office:

Vietnam - 84918220660

khanhtam1012@aol.com

United States - 1805 455 4450

jmvail13@gmail.com

Website:

www.valleedalat.com

Dot Property Best Condo Development Exclusive Agent - Bangkok

IMPERIAL PLACE , VIETNAM

Best Condo Development

Developed by

Imperial Place stands alone as Best Condo Development Vietnam Vietnam has countless luxury condominiums designed with amenities that are simply unaffordable to the majority of the population. With most people in cities like Ho Chi Minh City still renting modest properties, a noticeable gap in the market has developed. Respected developer N.H.O. wanted to create a project that boasted the facilities of a high-end condominium at a reasonable price point to help fill this gap and provide buyers with something they can be proud to call home. With that goal in mind, N.H.O. created Imperial Place, a wellequipped development designed for everyone. Despite being affordable, the project has many luxurious facilities including a swimming pool, 24/7 security and a classical design. The developer believes that by providing what it calls “all in one” facilities, buyers can enjoy high quality living without breaking the bank. Imperial Place’s design takes inspiration from some of the world’s most popular places including London. The developer consulted with international experts from South Korea and Singapore as well as local professionals to ensure the project suited the needs and culture of Vietnamese residents while still maintaining international standards and construction quality. Using this synergy allowed N.H.O. to create a project boasting premium quality while still letting buyers enjoy value for money, an admirable achievement. The developer left no stone unturned in this quest and it is something that can be seen in the design and layout of the project. Once outside the development, residents can take advantage of the project’s convenient location in one of Ho Chi Minh City’s most desirable locations. Imperial Place is close to a number notable places with a high school, the popular AEON Mall and key motorways all close by. Owning a condominium unit in Vietnam has transformed from being something only the rich could afford to something the country’s growing middle class now aspires to do. With that in mind, the design of condominiums must also evolve in order to suit the changing needs of this new influx of property buyers. Luxury projects are still important, but so too are projects that offer quality amenities while still being affordable to the middle class. Imperial Place seeks to be a home for everyone. A place where residents don’t have to sacrifice quality for price. Vietnam has numerous high quality developments, but N.H.O.’s ability to provide upscale living at a reasonable price sets it apart from the competition. Congratulations to Imperial Place for deservedly winning Best Condo Development at the Dot Property Vietnam Awards 2017.

Best Mixed-Use Development

CITYLAND PARK HILLS, VIETNAM

Best Mixed-Use Development

Developed by

Building the perfect mixed-use development requires careful consideration, thorough planning and a desire to go above and beyond what the public expects from the project. Every detail, no matter how small, must be accounted for in order to ensure residents and visitors alike want to spend time here. All of this is evident at City Land’s Cityland Park Hills mixed-use development in the heart of Go Vap District. The project combines a living space and lifestyle experience unlike anything currently found in Vietnam. Cityland Park Hills is the deserving winner of Best Mixed-Use Development at The Dot Property Vietnam Awards 2017. There’s a lot to love at the project starting with a large, lush park that serves as its centrepiece. Around it are countless exciting activities and entertainment options. Cityland Park Hills has a shopping centre, office space, an international school and a modern medical facility on-site to add a level of convenience not found at most mixed-use developments. One standout trait at Cityland Park Hills is the luxurious lifestyle it offers residents. The project boasts 82 villas, 891 townhouses and 968 condominium units that are tailored to meet the needs of residents by offering bespoke service and amenities. Cityland understands the importance of work/life balance. The developer crafted the entire project to ensure residents feel relaxed and are able to enjoy spending time with their family as soon as they arrive at home. Located in the northwest corner of Ho Chi Minh City, Cityland Park Hills has been described as the green lung of the region, breathing life into the surrounding area. Residents and visitors can indulge in eco-friendly living with lots of small parks found throughout the development. Taking a walk around this tranquil sea of green gives the entire project a soothing ambiance not found elsewhere. The classical European architecture and designs are another eye-catching feature of Cityland Park Hills. The charming exteriors and modern interiors offer a timeless, yet functional design that is loved by all. The project is truly a masterpiece that delivers a unique, luxurious design unlike anything found in Ho Chi Minh City. In addition to all of these great features, the location of Cityland Park Hills makes it the ideal place to live. It’s far enough away from the hustle and bustle of the city to let residents have the peace and quiet they crave while still being easily accessible to most parts of the city. The project is also located along higher ground and it is equipped with a good drainage system to ensure flooding is never an issue.

Project:

Cityland Park Hills

Developer:

Cityland Real Estate Investment

Co., Ltd

Product:

Mixed-use Development

Location:

18 Phan Van Tri St., Ward 10,

Go Vap District, Ho Chi Minh City

Launch:

December 2015

Total land area:

26,98 hectares

Number of units: 968 condo units,

891 townhouses and 82 villas

Facilities:

Park, shopping centre, office

space, an international school

and a medical facility

Nearby features:

Tan Son Nhat Airport

(10-minute drive away)

Monorail line No. 3 and No. 4

(Expected to be finished in 2020)

Sales office:

24 Nguyen Binh Khiem St.,

Da Kao Ward, District 1,

Ho Chi Minh City

+84 968 22 88 11

Email:

info@cityland.com.vn

Website:

www.cityland.com.vn

Best Waterfront Development

OCEAN DUNES, VIETNAM

Best Waterfront Development

Developed by

Vietnam’s coastline has come to life with activity in the past few years. It is now a popular place with both locals and travellers who enjoy the country’s pristine beaches and peaceful surroundings. And this surge in visitors has also led to an increase in developments being built up and down the coast. With so many outstanding projects being built along the water in Vietnam, only a truly extraordinary development could claim to be the best. Ocean Dunes offers a perfect living space that is in harmony with nature. Developer Green Real has envisioned a luxury resort that stands apart as one of the best in Vietnam. The mixed-used development can be found in the heart of popular resort town of Phan Thiet. Once completed, Ocean Dunes will revitalise the city’s downtown area. The project will boast 515 townhouses, 5,000 luxury condos, several villas and hotels as well as a world-class shopping centre all within a stone’s throw of the beach. Best Waterfront Development at The Dot Property Vietnam Awards 2017 goes to Ocean Dunes. This news will come as no surprise to the more than 1,200 people who have already purchased a unit at the project. With prices in the region increasing, many buyers took advantage of the affordability at Ocean Dunes to obtain a piece of a project that will become an icon in Phan Thiet City. The beautiful city welcomed more than two million visitors in 2015 and this total could grow to more than eight million in the coming years, according to estimates from experts. It is only a two-and-a-half hour drive from Ho Chi Minh City and a new international airport will open in the region in 2018. A number of other infrastructure projects are also in the works that will make the area more accessible. All of these people coming to Phan Thiet City will need a place to stay and Ocean Dunes will undoubtedly be at the top of their wish list. The project features a 5-star living standard and is adjacent to a private beach. Those staying here can watch the sea from their balcony and be serenaded by the waves crashing onto the beach. The project will also have a number of facilities for residents to enjoy and the city centre location means getting around Phan Thiet City is easy. Once there, you may never want to leave this oceanside paradise. Green Real has managed to develop a project that inspires thanks to its prime location and stunning design. Congratulations to Ocean Dunes for winning Best Waterfront Development at The Dot Property Vietnam Awards 2017. For more information Website: www.greenreal.vn E-mail: info@greenreal.vn

Dot Property Best Constuction Exclusive Company Agent - Bangkok

HOA BINH CONSTRUCTION, VIETNAM

Best Constuction Company

There is construction springing up throughout Vietnam, but Hoa Binh Construction is undoubtedly the most trusted name in the industry. With all of its projects meeting a set criteria of “Durable - Beautiful - Speed”, the company strives to provide clients with peace of mind while also contributing to the sustainable growth of a civilised society by using products and services that are resource efficient and environment friendly. Hoa Binh is a worthy winner of Best Construction Company Vietnam at the Dot Property Vietnam Awards 2017. The firm’s proven track record of completing high-quality, iconic projects in Vietnam using the best materials and most advance building techniques has set it apart from other construction companies. The Vietinbank Tower is one of Hoa Binh’s most notable works. The two towers stand 48- and 68-stories tall and was the country’s highest project when finished. Saigon Center, the deepest project in Vietnam with 6 basements, is another great development built by Hoa Binh. This was one of the first projects in the country to meet international standard safety and technical requirements. And the firm’s ambitions aren’t limited to the domestic market. Hoa Binh has expanded internationally with a completed project in Malaysia and another project set to be constructed in Yangon. The company hopes to continue this international expansion with the US, Middle East and Southeast Asia all markets it is looking at. As a true pioneer in Vietnam’s construction industry, Hoa Binh has continuously introduced new technologies and innovations. The firm utilises the Singapore Construction and Building Management Department’s CONQUAS international standard and also implemented an Environmental Management System that was certified by the British Standards Institute.

Building the best projects and people Hoa Binh is well known in Vietnam for its young, professional and highly-skilled management team that is constantly challenging itself to do better. The company’s junior and senior management team includes young people who have professional qualifications, passion for their career and many experiences at different positions before being promoted to the roles of project managers and department heads. In business for 30 years, the company has more than 6,000 employees and 20,000 subcontractors working at more than 70 projects in the country. The firm has won numerous awards and is the only contractor in the country honoured with the government organised Vietnam Value, which highlights the country’s strongest brands. Additionally, the UK’s Brand Finance Consulting Company voted the firm as one of Vietnam’s top 50 brands in 2015. Ambition, mission and a forward-thinking business philosophy are just a few of the qualities that make Hoa Binh the Best Construction Company Vietnam at The Dot Property Vietnam Awards 2017. These traits can be seen in all of the firm’s projects as well as its industry-leading business practises. For more information Website: www.hbcr.vn E-mail: info@hbcr.vn

Best Residential Architectural Design

DRAGON HILL CITY, VIETNAM

Best Residential Architectural Design

Developed by

Enter the well-designed dragon Vietnam has some of the nicest residential architectural design in all of Southeast Asia. With so many design traditions seamlessly coming together, there is truly a style for everyone. Of course, there is more that goes into design than simply how it looks. Functionality plays an important part when it comes to this aspect of housing. After all, no one wants to stay in a place that looks great, but isnâ&#x20AC;&#x2122;t all that liveable. Dragon Hill City is s project that manages to combine substance and style to create one of the most talked about developments in all of Vietnam. Located in the centre of Bai Chay where the flow of the Ha Long river passes by, this township development combines a classical style with modern amenities homebuyers have come to expect. Inspired by the Poundbury integrated township in the UK which is being built using principles laid out by Prince Charles, Dragon Hill City is classical and elegant in every way. The buildings have a British charm with the combination of shop houses and townhouses being developed for the first time in Ha Long, Quang Ninh. However, attention has also been paid to feng shui techniques. Not only does Dragon Hill have a favourable location in Ha Long but at the back of the project are mountains while the sea is in the front as feng shui rules dictate. This means the backdrop of the mountains block out the light and noises from the coastline.

Dragon Hill City boasts luxurious amenities inside a gated community. The 1,000-unit project has a dedicated green area where no motorcycles or cars are allowed making it the perfect place for an evening stroll. Additionally, there is a swimming pool where children can play with their friends while you sip on a cup of coffee or play tennis with your spouse. The design pays particular attention to the needs of families with several elements designed for children found throughout the property. While other premium projects in the Bai Chay region are designed for investment purposes, Dragon Hill City is the only project built with residence-focused architectural design. Additionally, the development is affordable meaning more people can enjoy life at this well designed community. The project is situated in a location that makes life easier as well. Markets, the bus station, schools and workplaces can all be found within three kilometres allowing residents to get around without having to worry about traffic jams. Best Residential Architectural Design at the Dot Property Vietnam Awards 2017 goes to Dragon Hill City. The developers have adroitly created a beautiful development that improves quality of life by using outstanding residential architectural design.

Best Real Estate Agency Hanoi

NEWSTARLAND, VIETNAM

Best Real Estate Agency Hanoi

Newstarland shines as Best Real Estate Agency Hanoi Newstarland has made a name for itself in Hanoi since entering the real estate market in 2013. The company is the agent for many of the prestigious Vingroup's real estate projects including Vinhomes Metropolis, Vinhomes Green Bay, Vinhomes Riverside and D'.Capitale. The firm, which offers a range of services including property consulting and real estate distribution, believes in offering prompt, accurate, thoughtful and quick service while always putting the interests of customers above all else. These efforts have not gone unnoticed and The Dot Property Vietnam Awards 2017 is proud to name Newstarland the Best Real Estate Agency Hanoi. Both domestic and international customers living and working in Hanoi trust Newstarland to provide high quality real estate services. The company has a skilled team of consultants capable of speaking English, Korean, Japanese and Chinese that can help foreign customers navigate Vietnam’s sometimes complex property market. Buyers in Hanoi need to be aware of the legality of the property they are purchasing and will need to check if the construction permit has been issued by the required authority for the project. Newstarland assists all of its clients with these and all other considerations before agreeing to any deal. Beyond that, it is also important to be aware of the location of a project as well as understanding what the traffic is like. Anyone who has lived in Hanoi knows there is nothing worse than getting stuck in gridlock. Additionally, it’s wise to find out

what surrounding facilities, such as schools, parks and shopping centres, can be found around a development. Clients who work with Newstarland will be given honest information on all of this to ensure they make a decision that’s best for them. The firm currently has a back office staff of 30 people and a sales team of more than 800 active consultants in eight offices in Hanoi and Ho Chi Minh City. In addition to this, Newstarland also owns a strong alliance of more than 20 agents and distribution partners in Vietnam. Newstarland’s relationship with Vinhomes is another way it has set itself apart from the competition in Hanoi. Vinhomes is one of Vietnam’s most well-known developers and has a wide range of projects spanning from luxurious high-rise condominiums to spacious detached housing. Working with Vinhomes allows Newstarland to give its clients the opportunity to buy or rent from a developer they can be confident in. The company’s excellent business model, talented sales staff and market-oriented management teams ensured Newstarland was Best Real Estate Agency Hanoi at The Dot Property Vietnam Awards 2017. For more information: Ms Huyền - CEO - +84 (0) 946.355.655 Ms Phương - CEO - +84 (0) 917.032.888 Hotline - 1900 0054 www.newstarland.com

Best Innovation and Technology

SEAREFICO, VIETNAM

Best Innovation and Technology

As a company that prides itself on being small enough to listen, but big enough to deliver, Searefico has been trusted to work on numerous notable projects in Vietnam. This list includes the Banyan Tree Laguna Resort near Danang and Gateway Thao Dien Luxury Apartments. In every one of the firm’s endeavours, it strives to innovate and use the most advanced technology to ensure the happiness of its clients. Searefico won Best Innovation and Technology at The Dot Property Vietnam Awards 2017 for its unwavering commitment to applying cutting-edge technology into its production methods. This can be found in all of the company’s efforts that include civil and industrial construction works; design, supply, construction and installation of M&E and industrial refrigeration systems; and M&E services and solutions. Updating to newer and advanced technologies and investing in green, clean and environmentally friendly technology isn’t simply a marketing ploy. It is something that inspires the company’s goals that it has set for itself and employees. These goals include: 1) Maintaining the highest quality of products 2) Ensuring customers benefit from their products 3) Fulfilling their responsibilities and obligations to the community and society In order for Searefico to meet its lofty aims, the company has continually invested in the best and most advanced technologies for all of its different business focuses. It was one of the first companies in Vietnam to proactively manufacture and install energy saving equipment for its customers that allowed them to reduce energy consumption. It has implemented 3D – 5D Building Information Modelling, Enterprise Resource Planning and Methods of Statement technology in recent years. It has also been at the forefront of refrigeration technology, applying everything from cyclopentanebased technology to the Minimum Energy System. These have simultaneously allowed organisations to save money while minimising their environmental impact.

Like all great organisations, Searefico is always looking to innovate. It doesn’t try to rest on its past achievements, which are numerous and impressive. In order to continue to be a pioneer when it comes to innovation and technology in Vietnam, the company has a number of Research & Development departments that are constantly looking at ways to improve upon existing products and techniques and create new ones that offer even greater benefits. Winning Best Innovation and Technology at The Dot Property Vietnam Awards 2017 is among a number of accolades Searefico has garnered in the past few years. The company recorded revenue of more than VND 1.3 trillion last year while exporting its products to India, the Philippines, Indonesia and Cambodia. The firm is now a Gold Member of the Vietnam Green Building Council and is committed to complying with the LOTUS green building standards. Being named in the ‘Top 50 Best Enterprises by Vietnam Report’ and moving up 121 spots in the 500 largest enterprises in Vietnam list, the VNR500, are among the honours Searefico have earned recently. And while Searefico has developed a reputation as being Vietnam’s innovation and technology leader, the company has its sights set on finding new ways it can improve. The firm’s desire to create sustainable development that allows clients and the environment to benefit is a noble cause. Additionally, Searefico has become one of the best working environments in Vietnam and it is a company people want to be associated with. When a person sees Searefico is working on a construction development or a project in any of its other areas expertise, they know it will feature the absolute best technology and cutting-edge innovation. This isn’t just a promise; it’s something that can be seen at all of the developments Searefico has worked on from Vinhomes Central Park - Landmark 1 to the JW Marriott Phu Quoc, Pearl Plaza. For more information: searefico.com info@searefico.com

Best Developer Ho Chi Minh / Best Developer Hanoi

SONKIM LAND, HO CHI MINH CITY SonKim Land is known throughout Vietnam for its desire to create projects with modern and creative designs. Its developments in Ho Chi Minh City stand out in particular with projects such as Serenity Sky Villas bringing the city a lifestyle never before seen or experienced. Each unit at the luxurious project utilises light and space in creative ways that fully embraces the idea of sky living. Residents will also be able to enjoy double-height ceilings and private swimming pools with stunning views. Serenity Sky Villas can be found at one of Ho Chi Minh City’s most in-demand addresses, the centre of District 3. There are 45 exclusive residences with each one offering privacy and luxury despite the city centre location. The development is expected to be finished by the third quarter of next year. Other projects in Ho Chi Minh City being constructed by the developer include The Nassim and Gateway. Both projects offer upscale living with unique features and elements not currently used by any other developer in Ho Chi Minh City. Thanks to its outstanding design and desire to create residential masterpieces, SonKim Land is the winner of Best Developer Ho Chi Minh City at The Dot Property Vietnam Awards 2017. Visit www.dotpropertyawards for more information on SonKim Land’s victory.

NATIONAL HOUSING ORGANIZATION , HANOI National Housing Organization (N.H.O.) is changing the residential real estate market in Hanoi for the better with innovative, high-quality projects. The firm, which has projects throughout Vietnam, is one of the first developers focused on bringing sustainable solutions and quality, green construction to Hanoi. Sky Palace is a well-planned condominium in the Nam Tu Liem District that doesn’t compromise on quality. This is the first affordable project that N.H.O. has developed in Hanoi. The outstanding location is promising and could be home to a number of future projects. Smart City Long Bien in Hanoi’s Long Bien District is one of the most ambitious projects in the country. N.H.O. is developing a smart city that will feature a number of technologies designed to provide a one-of-a-kind living experience for residents. A key trait of both projects is the exceptional value N.H.O provides. Buyers are able to enjoy superb housing at an affordable price and this is why the firm’s projects in Hanoi are in demand. For these reasons The Dot Property Vietnam Awards 2017 awards N.H.O. with Best Developer Hanoi. Visit www.dotpropertyawards for more information on N.H.O.’s victory.

Leaders of Real Estate

The Dot Property Vietnam Awards 2017 would like to honour a select group of developers who impress with their innovative projects, designs and ambitions with the Leaders of Real Estate Award. Winners of this award show a willingness to go above and beyond the status quo and have positively contributed to Vietnam’s real estate market.

FLC GROUP, VIETNAM With more tourists visiting Vietnam on holiday, select developers have been focusing on resort real estate. For the past five years, FLC Group has been leading the way when it comes to resort real estate investment in Vietnam. The firm has developed several remarkable resorts in Vietnam’s most popular tourist areas. The FLC Samson Beach & Golf Resort is one such project that really stands out. The 450-hectare resort is the largest golf course, resort and hotel complex in the central Vietnam region. The pearl of the project is the 18-hole, FLC Samson Golf Links carefully crafted by Nicklaus Design, a world leading golf course designer. The course will deliver a unique experience for golfers of all levels. Flagstick, a top golf course management company from the USA, will oversee development of the facility ensuring it meets world class standards. FLC Group’s commitment to quality and innovation in resort real estate shows it is truly a leading developer in Vietnam. For this reason, the firm has been selected as a Leader of Real Estate at The Dot Property Vietnam Awards 2017.

SACOMREAL , VIETNAM With more than 10 years of experience, Sacomreal has proven time and again that it is one of the leaders of the Vietnamese real estate market. The firm has developed a wide range of projects including massive townships that provide the best in family living and affordable apartments that offer residents first class amenities. Sacomreal has built its reputation on creating developments that boast unmatched quality while still providing value for buyers. For example, the company’s Jamona-branded projects are among some of the most unique in Vietnam allowing residents a chance to be a part of an urban centre. Everything a person could possibly need is at their fingertips and this convenience should not be overlooked. A desire to develop projects that surpass the expectations of buyers is why Sacomreal has been named a Leader of Real Estate at The Dot Property Vietnam Awards 2017.

Dot Property Spotlight

LeadingRE

appoints Marci Rossell as Chief Economist to help lead global charge Cheyenne Hollis

ID: H00225 35M THB

ID: H00220 17.9M THB

ID: H00233 19.9M THB

Dot Property Spotlight

Leading Real Estate Companies of the

economics professor and speaker is

“The demographics of Southeast Asia

World® (LeadingRE) continues to find

able to call upon a wealth of experience

support a vibrant real estate market

new ways to support its members. After

to present information in a practical

for years to come. A large portion of

a historic 2016, the company, which

manner that goes beyond numbers.

the population is just now reaching the

boasts the world’s market-leading independent residential brokerages in over 60 countries, hired renowned financial journalist Marci Rossell as its first chief economist to ensure its members reach greater even heights this year.

“Real estate is only one element in the economy, and the economy is only one element that matters for real estate,” Rossell says. “My experience in a broad range of fields allows me to do so much more than just present the real estaterelated facts and figures around the

In her new role, Rossell will help

economy. I believe it’s more important

LeadingRE’s 550 firms and 128,000

to put those numbers in a historical

associates gain an understanding of all

perspective and give our members more

the economic issues that are relevant for

of the story of how the economy is

real estate worldwide. This wisdom will

influencing real estate today.”

prove to be invaluable for the company’s ever expanding network. “LeadingRE brought me on as their new Chief Economist to provide insight to our members,” Rossell explains. “I am most looking forward to getting to know our

age of their first home purchase, with the median age in the region at only 29 years old, well below that of the U.S. (38), Germany (46) and Japan (46),” Rossell points out. “And less than half the population in the region currently lives in urban areas, which means that demand for real estate will stay strong as Southeast Asia moves to a level of urbanisation similar to the U.S. (82 percent) and Europe (75 percent).” Real estate activity in the region isn’t limited to locals. With affordable prices

“I think Southeast Asia could be the next frontier for US buyers of luxury properties. The US dollar has appreciated more than 20 percent since July 2014.”

members from around the globe. They

and ideal destinations, buyers from around the world are now considering purchasing property in Southeast Asia. Prices are relatively low and real estate here can be used as both a vacation home and an income generating investment property.

each bring their own unique perspective

Rossell rose to prominence during

from their individual countries and

a stint as CNBC’s Chief Economist

“I think Southeast Asia could be

markets that will add depth and colour

where she developed a reputation as

the next frontier for US buyers of

to my own macroeconomic outlook.”

a groundbreaking financial journalist.

luxury properties. The US dollar has

And while most people may know her

appreciated more than 20 percent since

from this time, she has two decades of

July 2014,” Rossell says. “Because their

economics experience.

dollars will now buy more abroad than a

The Southern Methodist University graduate had a chance to visit with a number of LeadingRE members for the very first time at the company’s annual

“My first position after graduate school

Conference Week, which was held earlier

was in the research department of the

this year.

Federal Reserve Bank of Dallas. I was

“I was lucky to come on board with LeadingRE in time to meet many of our members at the conference in Miami Beach, Florida,” she notes. “The energy of the group was invigorating. Sharing my global outlook with them, and getting so much fantastic feedback about their

few years ago, 2017 could be the time when US buyers look to Southeast Asia for attractive luxury properties.

hired right before the Asia Crisis of

This year is shaping up to be another one

1997 and was a first-hand witness to

for the record books for LeadingRE. With

the role that monetary policy can play

more than 4000 offices in 62 countries,

in stabilising the economy in a global

the firm is dedicated to a worldwide

panic,” Rossell details. “That experience

approach that keeps a local focus.

proved invaluable to me in understanding the Financial Crisis of 2008-2009.”

“Despite the recent rise of economic nationalism in many parts of the world,

needs, will allow me to craft an outlook

LeadingRE has big plans for Southeast

the globalisation of real estate markets

for them that they can really use in their

Asia and continues to attract more

is here to stay. ‘What makes LeadingRE

own businesses.”

quality real estate operations from the

special?’ It provides a local connection

region to its robust network. Indonesia

to this world of real estate. It’s why I am

and the Philippines are two markets

so excited to join the LeadingRE team,”

the company has targeted specifically

Rossell concludes.

And with that event now over, Rossell will now find fresh ways to show LeadingRE members just how the economy impacts the real estate market. The former

moving forward.

Dot Property Spotlight

Citrineland’s commitment

to innovation and quality makes it Best Developer Cebu Homebuyers in Cebu are some of the most discerning in all of

“Citrineland was born in pursuit of realising the Cebuano’s

the Philippines. They expect projects to have the best features

dream of homes that echo their deep love for family and hard

and latest innovations yet remain affordable. While developers

work,” Ong-Chua stated. “We pride ourselves in building with

in the region are constantly challenging themselves, the efforts

an eye to the future and are committed to creating sustainable

of Citrineland to meet these demands are by far and away the

ecosystems that work with nature, not against it. Citrineland

most impressive. It should come as no surprise that Citrineland

projects are all masterly-executed green designs that remain

won Best Developer Cebu at The Dot Property Philippines

very affordable.”

Awards 2017.

The firm has developed several popular projects in Cebu and

Wilson K. Granadis, Vice President for Sales and Marketing,

Serenis North is one that really stands out. It is a development

and Crystal Chloe Ong-Chua, Citrineland’s Internal VP for Sales

designed to bring the serene tropical lifestyle so many people

and Marketing, received the award from Dot Property Magazine

love to those living in Cebu. The homes at Serenis North are

Editor in Chief Cheyenne Hollis.

built with clever innovations and smart additions that address

“Winning Best Developer in Cebu by Dot Property Philippines

what matters most in daily life.

confirms that our advocacies are very much aligned with that

“When a person buys from Citrineland, they can be assured

of the discerning customers,” Ong-Chua proclaimed. “It means

they’re receiving the best design and the best innovation at the

we are doing the right thing and it inspires us to build more and

best possible price,” Hollis pointed out. “People are truly proud

build better so more Cebuanos would be able to enjoy the perks

to own a home at a Citrineland development and this is just one

of having homes of good quality at affordable price points.”

of the many reasons they won Best Developer Cebu.”

The firm’s goals go way beyond just building quality housing

Be sure to visit www.dotpropertyawards.com to learn more

in Cebu. Citrineland is determined to develop forward-thinking

about Citrineland winning Best Developer Cebu at The Dot

projects that are both environmentally and cost friendly, two

Property Philippines Awards 2017 as well as for information on

traits very important to Cebuanos.

all of the big winners.

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Coming

in the next issue…

The next issue of Dot Property Magazine is our 3rd Anniversary Special and it will be our biggest and best issue to date. In it we’ll unveil the winners of The Dot Property Thailand Awards 2017. The special awards section will showcase the leading developers and projects, designs and innovation on offer in the Kingdom. The Dot Property Thailand Awards 2017 are considered to be the premier property awards in the eyes of buyers and investors from the country. The magazine will offer valuable information and insights on these award winning developers and developments.

Last year’s winning projects included: • Anamaya Samui • X2 Oceanphere • The View • Crystal Lagoons

Additionally, the next issue of Dot Property Magazine will have an exclusive look at Penang, arguably one of Southeast Asia's most underrated holiday spots. You’ll learn about the best resorts, activities and eateries on the island to ensure you have a blast. As always, the upcoming issue will be full of the best news, information and tips when it comes to real estate in Southeast Asia. Be sure to pick up the next issue or download the Dot Property Magazine App and have it delivered to your phone as soon as its released. Just search for Dot Property in the Apple Store.

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