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TERRY BLACKBURN JULES KAY SOFIE LISBY LIAM ARAN BARNES REBECCA FOSTER CHARLOTTE ROBINSON AUSANEE DEJTANASOONTORN PISINEE CHERNGSAARD JIRAWADEE SANGRAYAB RAWIWAN SRISUMPHAN PIYANUN POBSOOKNAITUM SUPHATRA PAKDEEWIROJ CHRISTINE MAY ABEJO NICHOLAS LIM NIXON SALIMBANGON CHANIDA CHANKRAPOE NITA ISMAIL
CHIEF EXECUTIVE OFFICER terry@ensign-media.com MANAGING EDITOR jules@ensign-media.com DEPUTY EDITOR sofie@ensign-media.com ASSOCIATE EDITOR liam@ensign-media.com EDITORIAL ASSISSTANT rebecca@ensign-media.com EDITORIAL ASSISSTANT charlotte@ensign-media.com ART DIRECTOR ausanee@ensign-media.com SENIOR GRAPHIC DESIGNER pisinee@ensign-media.com BANGKOK, PATTAYA, HUA HIN ACCOUNT MANAGER jirawadee@ensign-media.com ACCOUNT EXECUTIVE rawiwan@ensign-media.com ACCOUNT EXECUTIVE piyanun@ensign-media.com ACCOUNT EXECUTIVE PHUKET, PHANG NGA, KRABI AND SAMUI suphatra@ensign-media.com ACCOUNT EXECUTIVE INTERNATIONAL MARKETS christine@ensign-media.com MARKETING DIRECTOR nicholas@ensign-media.com PHILIPPINES nixonsalimbangon@gmail.com SUBSCRIPTIONS and DISTRIBUTION (THAILAND) chanida@ensign-media.com SUBSCRIPTIONS and DISTRIBUTION (SINGAPORE) nita@ensign-media.com ENQUIRIES, COMMENT, LETTERS Editorial Submissions
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PHUKET’S BEST CONDOMINIUM DEVELOPMENT
MOVE IN TOMORROW VISIT OUR COMPLETED DEVELOPMENT NOW AND SEE FOR YOURSELF WHY MANDALA CONDOMINIUMS a collection of 24 over-sized pool apartments located next door to Phuket's prestigious Laguna area has been named Best Condo Development (Phuket) at the 2011 Thailand Property Awards. Move in tomorrow. SALES FINANCING AND RENTALS ARE AVAILABLE.
www.baanmandala.com
sales: +66 (0) 87 034 2090
info@baanmandala.com
LONG TERM RENTALS AVAILABLE FROM THB 80,000 PER MONTH
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6RʈH /LVE\ Property Report sofie@ensign-media.com
Luxury Sea View Condominium
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Karon Hill
Luxury Sea View Condominium
For more information Tel: +66 76 396 265 Mob: +66 84 629 6262 E: sales@phuketkaronhill.com W: www.phuketkaronhill.com !"#$%&'()%!"%(/%%
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∙ Private luxury 4 bedroom 4 bath residence set on 1/2 acre within exclusive gated community ∙ Separate self-contained guest house and centrally-located entertaining pavilion ∙ Gourmet kitchen with temperature controlled wine cellar ∙ Quiet and tranquil north-facing lakefront position
∙ World-class golf, tennis and premiere social events enjoyed by its members. ∙ Magnificent, multi-award winning Sun Spa offering gym, fitness and spa treatments. ∙ Ocean front resort provides miles of white sandy beaches for sun and surf. ∙ Ten minutes to Sunshine Coast Airport and 1 hour from Brisbane International.
David A. Perez
email: david@villarealestate.com.au mob: +61(0) 427 378 600 We offer excellent real estate investment opportunities in Australia and abroad.
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3FHJPOBM JOUFSFTU JO 5IBJMBOE Thailandâ&#x20AC;&#x2122;s residential property market is poised to move beyond the foreign buyers of legend to encompass an even broader range of investors, both geographically and in terms of nationality. | !" WILLIAM BARNES
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Brand new all private 1 and 2 bedroom luxury apartments in zone 1 , moments from the London Bridge Quarter One of Londonâ&#x20AC;&#x2122;s most dynamic new business, retail, hotel and transport landmarks
www.colliersresidential.com/4460
Prices f rom ÂŁ499,000*
ZONE 1 TRAVEL 7
5
3
DIRECT FROM SOUTH WARK
MINS
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M INS
BOND STREET
GREEN PARK
WESTMINSTER
EXHIBITION
2 BANK
Close proximity to Southwark and London Bridge tube stations
MINS
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DIRECT FROM LONDON BRIDGE
)*+,*+-./0,12-324
SOUTHWARK
LONDON BRIDGE
11th - 12 th May, 2013
7
MINS
CANARY WHARF
JUBILEE LINE
( Saturday & Sunday ) 11am - 7pm
NO R THERN LINE
Four Seasons Hotel Bangkok, Montathip Room 3 Ground floor of Montathip Court 155 Rajadamri Road, Bangkok 10330
t Within minutes walk of The Shard, '$ +!"$ !-# .1$ .-#.- t
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t 6$!1 +$!2$'.+#
Christian Robb (66) 82 997 9231
Thitimaporn Tangchaiyawong (66) 81 926 2929
Yukontorn Suttiruksiri (66) 87 919 8228
Suthida Sirawong (66) 89 991 0669
Watcharin Navajongphan (66) 82 525 4569
Nisachon Xu (66) 86 777 7282
christian.robb@colliers.com Colliers International 17/F Ploenchit Center 2 Sukhumvit Road, Klongtoey Bangkok 10110, Thailand www.colliers.co.th Tel (66) 2656 7000 Fax (66) 2656 7111
yukontorn.suttiruksiri@colliers.com
watcharin.navajongphan @colliers.com
thitimaporn.tangchaiyawong@colliers.com suthida.sirawong@colliers.com nisachon.xu@colliers.com
Disclaimer: Planning No. 12/AP/2239. This document has been prepared by Colliers International for advertising and general information only. Colliers International makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. Any interested party should undertake their own inquiries as to the accuracy of the information. Colliers International excludes unequivocally all inferred or implied terms, conditions and warranties arising out of this document and excludes all liability for loss and damages arising there from. Timings are approximate. Source: www.tfl.gov.uk. *Prices are correct at time of press. Some images are computer generated. This publication !"#$%&'()% %&/%% is the copyrighted property of Colliers International and/or its licensor(s). Š 2013. All rights reserved.
!"
SPECIAL FEATURE 5BY "VTUSBMJBO 1SPQFSUZ
Australia and the Asian exodus With increasingly cosmopolitan cities, a lauded education system and one of the worldâ&#x20AC;&#x2122;s most robust economies; Australia has been touted as a land of opportunity for some time. | !" LIAM ARAN BARNES
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abelled the ‘lucky country’, Australia has experienced uninterrupted annual GDP growth for almost three decades due, by and large, to the structural reforms of the 1980s and mining boom. The country’s prime pillar sector is slated to slow down somewhat in the coming years, but while this decline has been anticipated and is unlikely to be a major cause for concern, it does mean investors may start to look towards Australia’s residential property market as a viable alternative. Yet it’s not just domestic entrepreneurs who are seeking investment opportunities in the country’s bourgeoning real estate sector, a rising number of Asian HNWIs are also choosing the triple A-rated safe haven as a place to purchase property. “Investing in bricks and mortar has always appealed, it is not subject to the fluctuations of the stock market and despite the global financial crisis, prices have grown on average,” Tony Leong, New South Wales head of Savills’ China desk says. “Combined yields and capital value appreciation typically range in the region of five to seven percent per annum which makes it favourable when compared to other major investment destinations globally.” The potential for a significant influx of Asian investment at the high-end of the market was further boosted by the Foreign Investment Review Board’s (FIRB) introduction last November of a new visa category - the Significant Investment Visa - which, amongst other benefits, entitles foreign nationals who invest a minimum of AU$5 million
SKY ONE AT CENTRAL BY FRASERS PROPERTY
!"#$%&'()%!"%)(%%
SPECIAL FEATURE 5BY "VTUSBMJBO 1SPQFSUZ
LUXE SYDNEY BY FKP
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(US$5.25 million) during a four-year period to temporary residency and the option to purchase existing dwellings, rather than being restricted to new-builds and off-plan properties. The most prominent Asian buyers currently investing in luxury residential property hail primarily from Singapore, Hong Kong, both of which have endured the introduction of significant cooling measures over the last 12 months, and, of course, China. Mainland China is the fastest growing investor in the countryâ&#x20AC;&#x2122;s property market, spending more than AU$60 billion (US$62.54 billion) since 2007, and AU$4.093 billion (US$4.27 billion) through the 2011/2012 investment year, according to the FIRB. â&#x20AC;&#x153;Enquiries to date have ranged from small sized residential property developments around AU$5-10 million (US$5.27-10.44 million) up to office buildings in the region of AU$300 million (US$313 million),â&#x20AC;? Leong says. â&#x20AC;&#x153;Looking to the future I donâ&#x20AC;&#x2122;t expect this to slow down, particularly with the Australian Governmentâ&#x20AC;&#x2122;s introduction of the new Significant Investment Visaâ&#x20AC;Ś the purpose of which is to provide a boost to the Australian economy and, in particular, to attract Chinese investors.â&#x20AC;? The Chinese market is so strong that some Australia-based developers are now holding launches through the mainland and Hong Kong. Frasers Property is one of the latest firms to target the new breed of wealthy investors, pitching its new Penthouse Collection in key Chinese cities, recently. â&#x20AC;&#x153;The Asian market plays a significant part in our business,â&#x20AC;? Frasers Property Australia CEO Guy Pahor says. â&#x20AC;&#x153;Although we continue to design primarily for the local market, savvy Asian investors are seeking us out.â&#x20AC;? The collection includes the Perth-based Queens Riverside and the Sky at One Central Park Penthouses and Lumiere Tri-Level Penthouses projects, both located in Sydney.
“Sydney is Australia’s most globally recognisable city and is a magnet for commerce due to its international connections. However, unlike most major cities, there’s not enough supply to cater to residential demand,” he says. “On a national level, Australia skated through the global financial crisis and, unlike the US, avoided a housing bubble, making it a pretty attractive place to invest.” Pahor continues to reel off an enviable series of factors driving foreign investment, not only in Sydney’s residential market but also the country’s latest boom cities Perth and Brisbane. The nation’s celebrated education system, in which a large number of Asian student are enrolled, is near the top of the list and many developers, including Frasers, have considered this when undertaking recent projects. “The country education sector is rapidly coming on to people’s radar and our Central Park development, which is smack in the middle of Sydney’s education belt, includes purpose-built student housing,” Pahor explains. “This allows the property to fulfill two functions - provide accommodation for children studying abroad, while also offering a sound investment opportunity.” With the number of HNWIs across Asia expected to increase 88 percent over the next decade, according the Knight Frank’s Wealth Report, and the increasing number now choosing Australia over unpredictable investment destinations such as the US and Europe, Frasers is by no means alone in targeting this rapidly emerging market. FKP — whose portfolio includes
properties in New South Wales and Queensland — also recently embarked on the construction of two prime location luxury developments. The LUXE project, with its proximity to Sydney Harbour and the city’s CBD, has already sold 70 percent of its units, however, it is The Milton Residences, situated in Brisbane - the capital of Australia’s fastest growing region Queensland - that has garnered significant overseas interest. “Foreign investors consider Brisbane a safe haven for investment property and also a viable option to complement investments in their own countries,” FKP director of development Mark Jewell says. “The Milton offers the best of options for Brisbane as it’s well located nearby public transport, universities, schools, employment hubs, restaurants, shops and cafés. Combined with high quality level of finishes The Milton is an attractive proposition for overseas purchasers.” While Sydney’s property sector has historically attracted the lion’s share of foreign investors, the good news for domestic developers appears to be that, due to the FIRB’s recent leniency and economic acceleration of cities such as Perth and Brisbane, Asia’s expanding swathes of HNWIs are set to boost real estate markets throughout the nation for the foreseeable future.
LUMIERE TRI-LEVEL PENTHOUSES BY FRASERS PROPERTY !"#$%&'()%!"%))%%
SPECIAL FEATURE 5BY "VTUSBMJBO 1SPQFSUZ
In Sydney
In Perth
QUEENS RIVERSIDE PENTHOUSES
SKY AT ONE CENTRAL PARK
In Brisbane
THE MILTON RESIDENCES Situated on the fringe of Queensland’s capital city, the residential project will be part of a luxury mixed-use development, including commercial and retail space. The development has been designed by world renowned DBI Design, the company behind Abu Dhabi’s Etihad Towers, and will provide residents with intelligently designed units which have orientated in order to optimise amenity, natural light and the surrounding views. Facilities include Pool, Spa, Sauna, Steam room, BBQ Facilities, Residents Lounge furnished with Armani, fully equipped Gymnasium, and Rooftop lounge.
“We wanted to create a new urban quarter, of which luxury residences are an important part, hence why we were very selective about our design partners. The message is that we really wanted to work with the best.” - Guy Pahor, CEO of Frasers Property Australia
The exclusive units are the jewel in the crown of the residential area of LUXE the Queens Riverside development - part of a government funded A stone’s throw from the Sydney redevelopment of Perth’s CBD, LUXE is a high-end boutique foreshore. Perched atop one of residential development designed three residential towers, each of by renowned architects Marchese the four units boasts an expansive Partners International and Krikis garden terrace, room service direct Tayler Architects. The one, two from the gold standard Fraser and three bedroom apartments Suites Perth hotel, swimming pool come with bespoke interiors, deck and private gymnasium. sophisticated fittings and concierge The surrounding area will include facilities. Many of the units offer landscaped greens, water features sweeping views of the famous and a piazza, in addition to Domain Parklands and Botanical boutique shops and top-of-theGardens, while the development is range drinking and dining within walking distance of theatres, venues. galleries, bars and restaurants. “The development offers a unique “[The design] provided a good opportunity to invest in a booming diversity of apartment types with property market and from an well-designed floor plans to give investment perspective it’s pretty FKP a range of options for the target impressive. Perth attracts many market of future residents and people from Asia who are looking to attract a good cross-section of to diversify and I think the synergy owners-occupiers and investors.” between city and Southeast Asia FKP director of development Mark helps.” - Guy Pahor, CEO of Frasers Property Australia Jewell
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Developer: Frasers Property Australia Total units: 38 Unit price: Start from AU$1.295 million (US$1.34 million) Status: Due for completion Q4 2013
Developer: FKP Total units: 77 Average unit price: AU$1 million (US$1.03 million) Status: Due for completion 2014
Developer: Frasers Property Australia Total units: 4 Unit price: Start from AU$2.75 million (US$2.83 million) Status: Due for completion 2014
Developer: FKP Total units: 298 Average unit price: AU$7,244 per sqm (US$7,478 per sqm) Status: Due for completion 2015
Designed by starchitects Jean Nouvel and Sir Norman Foster, One Central Park is a pair of residential towers located in Central Park, one of Sydney’s most prestigious residential areas. Flanked by the world’s tallest vertical gardens, the development boasts the Sky penthouse collection, which includes 12 luxurious two-storey and 26 single level apartments. Sky residents have exclusive access to a sky garden, plunge pool and dining terrace, while down at ground level they can stroll through the AU$2 billion Central Park development which contains a range of restaurants, shops and public transport options.
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“The close proximity of the CBD, employment opportunities, parks, universities, food, shopping and entertainment precincts appeal to a wide-ranging buyer demographic. The Milton is a unique development - there is nothing else like it now available in Brisbane.” - FKP director of development Mark Jewell
!"#$%&'()%!"%)+%%
SPECIAL FEATURE "8"3%4 /&84
Regional property awards edge closer NOMINATIONS FOR THE THAILAND PROPERTY AWARDS (TPAS) CLOSED THIS MONTH, HOWEVER, THE PROCESS IS WELL UNDERWAY FOR THE SOUTH EAST ASIA PROPERTY AWARDS (SEAPAS) AND PHILIPPINES PROPERTY AWARDS (PPAS) TO BE HELD IN SINGAPORE AND MANILA, RESPECTIVELY. WITH AN ABUNDANCE OF IMPRESSIVE DEVELOPMENTS COMPLETED AND MANY MORE EXPECTED TO ENTER THE SOUTHEAST ASIAN MARKET IN THE NEAR FUTURE, THE REGIONAL PROPERTY AWARDS WILL SHOWCASE SOME OF THE FINEST REAL ESTATE IN THE WORLD. THE AWARDS PROGRAMME IS SET KICK OFF WITH THE PPAS IN JULY, FOLLOWED BY TPAS IN SEPTEMBER AND CLIMAX WITH THE COVETED SEAPAS IN OCTOBER.
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Oriental Living is a contemporary Asian furniture gallery featuring exclusive award-winning brands with an extensive range of handcrafted furniture and home decor objects.
CRAFTED LIVING SPACES
SAMUI 9/18 Moo1 Maenam, Koh Samui 84330, Thailand T +66 (0) 77 247 675 E info@oriental-living.net PHUKET 424 Srisoonthorn Road Cherngtalay, Phuket 83110, Thailand T +66 (0) 76 325 419 E info@oriental-living.net
www.oriental-living.net
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JGI3K&>LIKIF Top global luxury brands offer creative takes on bespoke items to add a little art to your personal style.
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Art gallery turned corporate leasing firm, Collins & Kent International (C&K), works alongside private clients looking to invest in fine art, which can offer returns of up to 7.5 percent of a paintingâ&#x20AC;&#x2122;s worth annually through the companyâ&#x20AC;&#x2122;s corporate leasing scheme. Property Report caught up with Troy Sadler, C&Kâ&#x20AC;&#x2122;s sales director in Asia, to talk art, investment and Andy Warhol. | !" REBECCA FOSTER
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The home sound system may soon become obsolete as portable speakers and docking stations take over as a the source of quality mobile music. The race is on to provide the ultimate in compact, user-friendly solution to device driven audio.
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Logitech are noted for their durable products and long lasting battery life and the Logitech S315i re-chargeable speaker set is no exception. The speaker is cordless, compact and boasts a 20-hour battery life (in power save mode) â&#x20AC;&#x201C; which makes it an ideal home and travel companion. The versatile speaker comes with an auxilliary line-input so it can be used with a variety of MP3 players. It also will charge your iPhone when it is docked.
The Panasonic SC-HC27 is a slim and compact speaker with excellent sound quality. The speaker employs advanced propriety audio technology to give pure clear sound. Even with an integrated CD player, Panasonic managed to maintain a slender appearance and it also comes with remote control.
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-%/ 21 67$*(n % 0,&52 ,,, The JBL On Stage is a treat for both the eyes and ears, with its modernist design and 360-degree sound output. The perfect complement to any party, the speakerâ&#x20AC;&#x2122;s sound provides quality indoors and out. The dock also allows you to sync a docked iPod or iPhone with iTunes and despite its creative appearance, weighs a mere 0.45kg.
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This square shaped speaker is smaller than a football, yet delivers high impact sound quality. Beautifully designed and constructed the rCube is aesthetically pleasing with touch sensitive buttons. With the rWand dongle you can stream music wirelessly from your iPhone, iPod or iPad.
This speaker was built specifically with the discerning iPhone 5 user in mind. It works with and charges iPod and iPhone models with an Apple Lightning connector. Designed to be compact, the speaker can also be moved from room to room easily and comes with an auxilliary input, so it can be used with other audio devices.
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>.'&/00'$&)/2.+ Even the most beautifully decorated room can fail to hit the right style notes if the lighting is not in sync with the dĂŠcor. Garish halogen lighting can sap carefully planned decorative touches out of a room. The correct lighting has not only a practical function, but offers a chance to showcase eye catching pieces of art from top designers. Practical spotlights and halogen ceiling lights are a must in work areas, but in other rooms a wide range of chandeliers, pendants, wall sconces, table and floor lamps give you room to experiment. Statement lighting can also help to create a warmer and more calming atmosphere, as well as creating a dazzling first impression upon entering the room. Lighting can also go a long way in creating the illusion of space in city apartments where space is limited. This month, Property Report has sought out some of the most striking lighting available to consumers today.
1. Agnes 20 light cascade in aluminium, Roll & Hill 2. Bone China chandelier, Lexicon 3. Sylo chandelier, Laura Kirar 4. Bone China sconce, Lexicon 5. Dressmakerâ&#x20AC;&#x2122;s table lamp, Barbara Barry 6. Jie table lamp, Robert Kuo 7. Halo oval pendant, Roll & Hill %%%%%+*!"!!"#$%&'()
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Rising in the East MANILA’S WEALTHY HAVE LONG FAVOURED THE “SUMMER CITIES” OF BAGUIO AND TAGAYTAY FOR HOLIDAY GETAWAYS, THEIR ALTITUDE PROVIDING RELIEF FROM THE SCORCHING HEAT OF THE CAPITAL, BUT IN RECENT YEARS THE JET-SETTING ELITE HAVE BEGUN TO SEEK SOLACE ELSEWHERE. | !" TRICIA V. MORENTE
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DESIGN FOCUS "26" CZ ZPP
AQUA BY YOO | !" JULES KAY
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DESIGN FOCUS "26" CZ ZPP
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YOO DESIGN BRINGS TOGETHER THE EXPERIENCE OF ONE OF THE WORLDâ&#x20AC;&#x2122;S MOST CELEBRATED DESIGNERS, PHILIPPE STARCK, AND THE VISION OF INTERNATIONAL PROPERTY ENTREPRENEUR JOHN HITCHCOX. AQUA BORACAY SEES YOOâ&#x20AC;&#x2122;S UNMISTAKABLE DESIGN MAGIC APPLIED THE TEAMâ&#x20AC;&#x2122;S FIRST EVER RESORT RESIDENCE â&#x20AC;&#x201D;A RARE INVESTMENT OPPORTUNITY COMBINING SOPHISTICATED INTERIORS AND FIVE-STAR SERVICES IN ONE OF THE WORLDâ&#x20AC;&#x2122;S MOST EXOTIC YET CONVENIENT LOCATIONS. PROPERTY REPORT SPOKE TO JOHN HITCHCOX ABOUT THE INSPIRATIONS AND CHALLENGES BEHIND THE PROJECT.
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DESIGN FOCUS "26" CZ ZPP
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INTEGRATED OUTDOOR LIVING
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BESPOKE FURNITURE BY YOO AND VITO SELMA
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VIEWS FROM EVERY LIVING SPACE
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STYLISH SIMPLICITY TO SUIT THE LOCATION
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WELCOMING IN THE KIND CLIMATE
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INDEPTH -POEPO 3FOPWBUJPOT
47 BERKELY HOUSE, MAYFAIR
Renovating London
L
ondon continues to enjoy a global reputation as one of the most appealing property markets in the world, particularly for Asian investors. A rich combination of heritage homes, uncompromisingly modern THE CONSIDERATIONS INVOLVED WHEN apartments, quaint mews houses and charming landed residences occupy LOOKING AT PURCHASING A RENOVATED the capital’s prime central locations, but with land scarce and supply PROPERTY ARE MANIFOLD, WHICH IS WHY limited, renovated properties are increasingly drawing interest as an SAVVY BUYERS OFTEN SEEK OUT DEVELOPERS alternative to new builds. Due to lack of new build sites in prime London AND AGENCIES WITH A TRACK RECORD OF locations, refurbished properties allow potential buyers to purchase SUCCESSFUL PROJECTS. PENNY BLACK IS ONE SUCH FIRM, A BUYING AGENCY WORKING properties in older, well established areas such as Mayfair, Knightsbridge EXCLUSIVELY FOR INVESTORS SEEKING and Chelsea. However, as Penny Black’s co-founder and director TO MAKE AN ACQUISITION AT THE MOST PRESTIGIOUS END OF THE LONDON PROPERTY Christopher Proctor points out, the renovation process itself far from straightforward, which is why most investors opt for a finished product. MARKET. THE AGENCY’S CO-FOUNDER AND “Given the complexity of refurbishing properties in London with DIRECTOR CHRISTOPHER PROCTOR SPOKE TO PROPERTY REPORT ABOUT THE ADVANTAGES planning permission to contend with, licences to alter, liaising with AND CONSIDERATIONS INVOLVED IN managing agents, freeholders and the local councils; buying a property PURCHASING REFURBISHED LONDON that requires no work and is in a TURNKEY state allows an incoming PROPERTIES. purchaser to benefit from a hassle free purchase,” he says. “To put it into | !" JULES KAY perspective, carrying out a refurbishment requires all of the above, as well as a knowledge of each relevant build trade, relationships with trusted professionals and an understanding of the administration around such a project. Without this knowledge, undertaking a refurbishment can be very time consuming, expensive and extremely daunting.” %%%%%.&!"!!"#$%&'()
93 CRANMER COURT, CHELSEA
In terms of value, Proctor points out that the restricted stock in central London means the value associated with buying an unmodernised property has reduced significantly, with unmodernised properties achieving prices on par with refurbished properties in the best locations. Price points for luxury refurbished properties in London are in most cases comparable with their newly built equivalents, but with the latter commonly offered for sale off-plan, international investors often prefer the security of a completed home. “The distinct advantage lies in seeing the end product,” Proctor explains. “New developments have the advantage of spreading the allocation of funds due to the longer time frames for completion while the development is carried out. The disadvantage being you are tied into the purchase without benefiting from using the asset. A refurbished property allows an incoming purchaser to move in and enjoy the property without any delay.” Unlike new build properties, there are few guarantees provided with a newly refurbished property, so it is recommended that a potential purchaser should instruct their own surveyor to carry out a full inspection. Certain key features are essential to consider and Proctor says it is important to know who the developer is that carried out the work as certain well known companies inherently add value to a property by associating their brand.
“As with everything, quality lies in the detailing so take your time to enquire which materials have been used, the quality of the fixtures and fittings and the level of finishes,” he says. “Our typical clients tend to be sophisticated in their taste and have a good understanding of quality. It’s important to explore the hidden elements of a refurbishment such as the type of underfloor heating, air conditioning, and to ensure that all the required permissions for alternations and works have been approved. This tends to be carried out by a qualified surveyor and through the due diligence process followed by the buyer’s solicitor in the conveyancing process.” Of course, it is still possible to invest in London properties prerenovation, and to use a local company to manage the upgrade. Proctor says there are a number of companies that carry out renovations on behalf of clients and they will provide as little or as much as is required, whether it is project management of contractors and suppliers, interior design or architectural services. “We often refer our clients to design houses who have trusted relationships with suppliers, can source materials, trades and furniture at reduced prices and pass these savings onto the client,” he says. “This expertise, although attracting a fee, often save our clients significantly both in terms of time and on the overall spend allocated to a project.
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Rebooting Cyberjaya MORE THAN 15 YEARS AFTER ITS OFFICIAL OPENING, WITH ASPIRATIONS OF BECOMING MALAYSIAâ&#x20AC;&#x2122;S SILICON VALLEY, CYBERJAYA CONTINUES TO POLARISE INVESTORS. | !" KHAIRIE HISYAM ALIMAN
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FROM HERMÃ&#x2C6;S DESIGNED UNITS AT THE MARQ IN SINGAPORE TO VERSACE AND MISSONIHOME FITTED DEVELOPMENTS IN THE PHILIPPINES, INVESTORS AND END USERS ACROSS ASIA ARE BECOMING EVER MORE SOPHISTICATED WHEN IT COMES TO DECORATING THEIR HOMES. | !" SOFIE LISBY
THE LOBBY AT MILANO RESIDENCES
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BLUEPOINT CONDOMINIUMS ON PHUKET FEATURE BESPOKE, INNOVATIVE DESIGNS THAT COMBINE CUTTING-EDGE STYLE WITH ENVIRONMENTALLY FRIENDLY FEATURES. CONDO OWNER AND CO-DEVELOPER ROLAND BLESZYNSKI INVITED PROPERTY REPORT TO LOOK AROUND THE DEVELOPMENTâ&#x20AC;&#x2122;S IMPRESSIVE COMPLETED SHOW UNIT. | !" JULES KAY
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-------------------------------------------BILL BARNETT is the founder and managing director of hospitality and property consulting firm C9 Hotelworks, a leading analyst in the region, he also writes for various publications including his own news site www.thephuketinsider.com
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-----------------------------------------------CLAIRE BROWN formed Claire Brown Realty in 2004 having worked for various developers across Southeast Asia. Her roles included sales and marketing, project management, construction planning and consultancy. As well as running the business, Claire is also developing her own project in Bali, a luxury villa and spa retreat in the beautiful and somewhat undiscovered province of Tabanan. She enjoys travel, food and wine, interior design and shopping â&#x20AC;&#x201C; in no particular order. www.clairebrownrealty.com
SOUTH EAST ASIA PROPERTY AWARDS 2013 Shangri-La Hotel, Singapore | Wednesday 9 October 2013 SEAPA is the region's... only dedicated property awards, recognising the best quality real estate in countries from all across Southeast Asia.
With the nomination period ended, Ensign Media would like to invite you to the South East Asia Property Awards, celebrating the achievements of the region's best real estate agents, property developers, interior designers and architects. !
Book your seat and Enjoy Super Early Bird Rate now! /&0,1)2'1(3)4$1# 56$(()78)9'3)78:;)-"(3<=
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HB Design was founded by Hans Brouwer in Hong Kong in 1995, then moved its headquarters to Singapore in 1998. Prior to that, Hans worked for the legendary Sir Norman Foster and Partners. During his eight years with the firm he became project director, responsible for cutting edge projects in Japan, Germany and the UK. HB Design was registered as an architectural practice in Thailand in November 2008. Today, HB Design has projects underway in Singapore, Thailand, Malaysia, India and Vietnam. www.hbdesign.biz
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-------------------------------------------ALEX SHLAEN is an economist and holds an Executive MBA from Kellogg School of Management and HKUST. He is the founder of Panache Management Pte Ltd which represents the Mercedes Benz Style, Aston Martin Interiors, Tonino Lamborghini Casa, Formitalia design lines in Asia. He is also a serial real estate investor. www.PanacheManage.com
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Ensign Media hosted two exclusive events at this yearâ&#x20AC;&#x2122;s Singapore Yacht Show, which drew high, and ultra high net worth visitors from around the region to Sentosa Cove to enjoy four days of luxury lifestyle attractions that FRPSOHPHQW WKH ERDWLQJ OLIHVW\OH 7KH Ă&#x20AC;UVW HYHQW ZDV WKH RIĂ&#x20AC;FLDO $VLD 3DFLĂ&#x20AC;F 6XSHU\DFKW &RQIHUHQFH 3DUW\ KHOG DW 6DELR E\ WKH 6HD Tapas Bar and Grill on the recently launched Quayside Isle. The second event was an invitation-only event aboard M/Y Star, one of the largest and most sought after superyachts in the show. Both events were sponsored by Rubicon Wines and liquor distributors 6Drunk Men, as well as 28Black energy drink.
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Project name: Bayshore Residential Resort Developer: Megaworld Corporation Product Type: Residential Architect: Casas+Architects Expected completion date: 2016
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Total land area of developments: 21,889 sqm Total number of sub divisions: 180 Average size of sub-division: 36 - 72.50 sqm Price Range: Price available on request Facilities: Pool and in-pool lounges, playground, Tai Chi garden, water slide, gym, meditation garden, wooden deck, function rooms, picnic area, footbridge, multipurpouse hall, barbeque area, pavilions, and hammock garden. Contact details: Newport City Information Center Resorts Drive, Newport City Villamor, Pasay City +63 02 855-2535 +63 02 588-7249 sales@bayshoreresidentialresort.com www.bayshoreresidentialresort.com
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Project name: Hamilo Coast Developer: Costa del Hamilo, Inc., a subsidiary of SM Land Product Type: Residential condominiums Location: Nasugbu, Batangas, Philippines Launch Date: September 2007
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Total Land Area of Developments: Hamilo Coast: 5,900 hectares Pico de Loro Cove: 40 hectares Price Range: One bedroom: 45 sqm / PHP4.5 million (US$109,000) Two bedroom: 91-124 sqm / PHP6-8 million (US$145,360-193,800) Three bedroom: 134-143 sqm / PHP12-14 million (US$290,000-339,180) Facilities: Beach Club, Sun Coral CafĂŠ, Arribada Lounge, view deck, Kultura Butik, Brisa Bar, adult and childrenâ&#x20AC;&#x2122;s pool, pool bar, massage huts, sports pavilion, Reef Bar, Country Club, Allegria, function room, Baia Ballroom, function rooms, games room, Club Pico, gym, dance studio, basketball, badminton, squash courts,videogame room, tennis court, pool bar, shower and locker rooms Monthly maintenance fees: Residential condominiums PHP82 (US$2) per sqm Club shares membership dues of PHP3,800 (US$92) Contact details: Tel: +632.945.8000 www.hamilocoast.com
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Project name: The Charm Residence Developer: Proliving Co., Ltd. Product Type: Condominium Architect: FBA Design Co., Ltd. Interior design: Contemporary
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Location: Patong Beach Front Expected completion date: Q4 2013 Total number of sub-divisions: 246 Units Average size of sub-division: 38.6 - 130.85 sqm Price Range: From THB5.9m - THB16.8m (US$200,000 - US$577,000) Facilities: Rooftop infinity edged swimming pool with sun deck, restaurant and lounge area with rooftop island drink bar, fitness centre, 24 hour security and CCTV system, underground car park Monthly maintenance fees: THB60 per sqm (US$2) Expected rental return per annum: 7-10 percent Contact details: Sales office located at 200/24 Thaveewong Rd, Patong, Kathu, Phuket, Thailand 83150 Tel: +66 (0)76 344 499 Fax: +66 (0)76 344 944 info@thecharmphuket.com www.thecharmphuket.com
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Project name: The View Developer: The View Co Ltd Product Type: Luxury Condominium Location: Kata Beach, Phuket Launch date: January 2012 Total land area of developments: 12,928 sqm Total number of sub-divisions: 53 Average size of sub-divisions: 395 sqm Price Range: THB11.5 million - THB65 million (US$300,000 - US$2.2m) Facilities: 2 x swimming pool, restaurant, sauna, massage,spa, fitness gym, shuttle service to beach Monthly maintenance fees: THB65 (US$2.2) per sqm (est) Expected rental return per annum: From six percent Contact details: Tel./Fax: +66 076 381488 Mobile:+66 (0) 81 6666622 Mobile:+66 (0)86 9439996 Mobile:+66 (0) 83 6914028 www.theviewphuket.com sale@theviewphuket.com info@theviewphuket.com
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Project name: ZEN NEXT Developer: K.D. Asset and Development Co., Ltd. Architect: Able Architects Product Type: Luxury condominium
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Location: Tumbon Moosi, Pakchong, Nakhonratchasima Launch date: April 2013 Completion date: Q4, 2014 Total land area of developments: 2,417 sqm Total number of sub-divisions: 104 units Title: Chanote, freehold structures Price Range: From THB3.66 million - THB10.12 million (US$127,620 to US$352,870) Facilities: Hot spring, onsen baths, swimming pool with hydro massage jets, steam room, pool kitchen, 24-hour security with CCTV, secure key card access to residential floors. Monthly maintenance fees: THB55 (US$1.9) per sqm Contact details: Tel: +66 (0) 84 8107777 +66 (0) 84 7107777 E-mail: sales@zennext-condo.com website : www.zennext-condo.com
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AUTHENTIC MODERN ART PIECES ARE FINE ADDITION TO A LUXURY HOME OR CORPORATE OFFICE. PICASSO’S “BUSTE DE FEMME D’APRÈS CRANACH LE JEUNE” (“PORTRAIT OF A WOMAN AFTER CRANACH THE YOUNGER”) IS ONE OF MANY PIECES OFFERED FOR LEASE THROUGH COLLINS & KENT INTERNATIONAL (C&K). %%%%%()'!"!!"#$%&'()
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