LOCKDOWN LOSS IN MELBOURNE

from PropertyGuru Property Report No.171 (April - May 2022)

INDONESIA’S CAPITAL PAINS

Dispatch

Lockdown blues

Melbourne has ceded its status as the world’s most liveable city to Auckland, and experts don’t see it regaining its crown anytime soon

By Liam Aran Barnes

Sometimes a predictable setback can hurt as much as a dramatic fall from grace.

Such is the case with Melbourne, the state capital of Victoria in Australia, whose treasured reputation as one of the world’s most desirable cities in which to live has suffered due to its rocky (to say the least) pandemic.

When The Economist Intelligence Unit published its latest global liveability rankings in June 2021, it reflected what many people had been expecting.

HARSH LOCKDOWNS LEFT MELBOURNE’S CBD LYING GHOSTLY AND EMPTY FOR LONG PERIODS

Auckland, New Zealand’s booming capital, was named the world’s most livable city. Melbourne dropped to eighth spot after eight consecutive years at the top of the list, tied with Geneva in Switzerland and below rival Aussie cities Adelaide and Perth.

Melbourne’s precipitous fall attracted headlines. But after a pandemic marked by rolling lockdowns—including a brutal fourmonth stint that was one of the world’s strictest—few analysts were surprised at the very public hit.

Indeed, the ability to contain the spread of the pandemic while maintaining a high

Dispatch

WHAT IS NOW REQUIRED IS A GENUINE FOCUS ON THE MANY DAY-TO-DAY CHALLENGES FACED BY MELBURNIANS. AWARDS ARE NICE, BUT ONLY DIRECT ACTIONS THAT DELIVER SUBSTANTIVE CHANGE MATTER

quality of life and freedoms for residents was a key factor in Auckland’s ascendancy.

“The progression for Auckland’s rank is predominantly because of New Zealand’s ability to enforce strong border closures and control the spread of the virus effectively,” says Akshay Rathi, a researcher at the Economist Intelligence Unit.

Kiwi premier Jacinda Ardern’s “zero-Covid” strategy has attracted its share of criticism. But life in New Zealand has been allowed to continue largely as normal during the pandemic, albeit with periodical restrictions and some of the world’s tightest border controls.

Contrastingly, the policies enacted by Victoria’s Labor state government led by Premier Daniel Andrews have been bitterly divisive.

Melbourne was locked down six times for a total of 263 days. Victoria’s debt burden is anticipated to reach almost AUD200 billion by 2025 on the back of pandemicrelated relief and loss of revenue. With the state’s credit rating downgraded to the lowest of any Australian state or territory, the economic outlook for Victoria remains challenged at best.

Some Victorians savage “Dictator Dan” for botching the hotel quarantine system that paved the way for a serious outbreak and the longest, most stringent lockdown. Others hail him as a leader willing to take tough decisions to quell the virus. What Melburnians of all stripes agree on is the damage the last two years has inflicted upon both “Brand Melbourne” and the city’s real economy.

“It would be remiss not to acknowledge that government handling of the pandemic was part of The Economist’s Intelligence Unit criteria for assessment in 2021,” says Rob Burgess, national director of research and strategy at property advisory experts Charter Keck Cramer.

“Melbourne’s ability to rebuild its brand and perhaps, more importantly, the attributes which made it so desirable in the first place are highly unlikely in the next two to three years. Beyond that, only time will tell. The current trajectory must be halted to enable a new sense of optimism and confidence.” Observers agree that the pandemic has exacerbated Melbourne’s woes. But they say that cracks were apparent in the city’s finely honed façade before the global health crisis. Long-term challenges include housing unaffordability, increasing congestion, and an economy heavily reliant on population growth and deteriorating productivity.

Melbourne is growing faster than most cities of similar size in developed countries. Population growth averaged more than 2.5% a year between 2011 and 2018. Activities and jobs have been buoyed by this strong growth. However, the downside has been increased demand for healthcare, education, and other essential and recreational services. It has also placed increasing stress on the city’s public services and transport system. These

Dispatch

factors have contributed to making one of the world’s most livable cities increasingly less habitable.

Inequality, meanwhile, continues to plague the city’s housing market. Median house prices reached another record high, soaring to AUD1.1 million in the final three months of 2021 on the back of buyers rushing back to the market after the city’s sixth lockdown.

Despite these challenges, Melbourne’s brand is far from completely tarnished. The city is famed for its outstanding arts scene, is home to several big-ticket sporting events, and has some of Australia’s finest restaurants. And population pressures have not altered the fact that the city retains high standards in healthcare and education as well as enviable infrastructure.

Most observers agree that Melbourne’s long reign at the head of the global liveability index is over for at least the next couple of years. But they don’t necessarily buy into the notion that it has been superseded by its rival across the Tasman Sea. “In my view, Melbourne has a better education system and sports and entertainment highlights than Auckland and job opportunities are better than in New Zealand,” says Benson Zhou, director of Asia markets for Savills Australia. “You can see that by how many Kiwis come over every year to live here. Lockdown is a big issue. But we are resilient and will bounce back.”

Resilient too is Labor’s hold on power in Victoria. Despite the trials of the pandemic, polling ahead of the 2022 state elections— to be held in November—looks promising for the incumbent administration. With Australia adopting a strategy of living with the pandemic, harsh lockdowns may be a thing of the past. But Andrews and his government have a host of other issues to address as they bid to turn things around for the state and its biggest city.

Burgess concludes: “Do I think the liveability index matters? No, what is now required is a genuine focus on the many day-to-day challenges faced by Melburnians. Awards are nice, but only direct actions that deliver substantive change will matter.”

VICTORIAN PREMIER DANIEL ANDREWS IS IN LINE FOR REELECTION THIS YEAR, BUT FACES TOUGH ECONOMIC CHALLENGES

The 8th PropertyGuru Asia Property Awards (Malaysia), presented by Kohler, celebrated the achievements of the real estate sector in a virtual ceremony and presentation on 25 November 2021, followed by an exclusive reception for awardees on 30 November at the Banyan Tree Kuala Lumpur.

For the second year in a row, the Best Developer award went to Tropicana Corporation Berhad. The company accumulated a total of six gold statuettes, including the title of Best Developer (Central Malaysia).

Matrix Concepts Holdings Berhad was crowned Best Township Developer. Ho Kong Soon, the group’s managing director, accepted the 2021 Malaysia Real Estate Personality of the Year title.

Other winners in the Developer categories were OCR Group Berhad (Best Lifestyle Developer) and Ideal Property Group (Best Affordable Homes Developer).

1. Members of the judging panel get ready for the awards reception at Vertigo, Banyan Tree Kuala Lumpur 2. Ho Kong Soon holds court with the award-winning team of Matrix Concepts Holdings Berhad 3. Tropicana Corporation Berhad collects numerous statuettes, including Best Developer 4. Multiple trophies and citations for projects by Sime Darby Property 5. Ideal Property Group shows off its wins 6. A moment of triumph for OCR Group Berhad 7. The Binastra Land Sdn Bhd team pose with their accolades 8. Honours and commendations presented to Putrajaya Holdings Sdn Bhd

THE JUDGES

CHAIRPERSON Prem Kumar Deputy Managing Director, Jones Lang Wootton Blaine Robert CEO/Creative Director, Blaine Robert Design Chris Tia Principal and Managing Partner, Tia & Noordin Dr. Daniele Gambero CEO & Propenomist, REI Group of Companies Sr. Engad Ravana Principal, ER Consult Sr LOW Han Hoe Senior Manager, Investment & Agency, Nawawi Tie Leung Real Estate Consultants Sdn Bhd Ar. Mustapha Kamal Zulkarnain Founder and Principal, Arkitek Mustapha Kamal Datuk Ar Hj Saiful Anuar Abdul Aziz Principal, Anuar Aziz Architect; a member of Arte Axis Design Group Tan Hui Yin Partner, Tan Chap & Associates Ir. Dr. Zulhkiple A Bakar Managing Director, Perunding ZAB Sdn Bhd

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the winners

DEVELOPER AWARDS • Best Developer Winner: Tropicana Corporation Berhad • Best Developer (Central Malaysia) Winner: Tropicana Corporation Berhad Highly Commended: Putrajaya Holdings Sdn Bhd • Best Township Developer Winner: Matrix Concepts Holdings Berhad • Best Lifestyle Developer Winner: OCR Group Berhad Highly Commended: Binastra Land Sdn Bhd • Best Affordable Homes Developer Winner: Ideal Property Group

DEVELOPMENT AWARDS • Best High End Condo/Apartment Development (Central) Winner: Senada Residences by Sime Darby Brunsfield Resort Sdn Bhd Highly Commended: Grand Ion Majestic by NCT Alliance Berhad • Best Mid End Condo/Apartment Development (Central) Winner: Cantara Residences by Sime Darby Property (Ara Damansara) Sdn Bhd Highly Commended: • AraTre’ Residences @ Ara Damansara by Puncakdana Sdn Bhd • Aura Residence by Putrajaya Holdings Sdn Bhd • One Cochrane Residences by Boustead Properties Berhad • Tropicana Metropark – SouthPlace Residences by Tropicana Corporation Berhad • Best Mass Market Condo/Apartment Development (Central) Winner: M Luna by Mah Sing Group Berhad • Best Mass Market Condo/Apartment Development (Northern) Winner: Havana Beach Residences by Ideal Property Group • Best Leisure Condo/Apartment Development Winner: Ion Forte Green City by NCT Group of Companies • Best High End Landed Development Winner: Tropicana Aman – Freesia Residences by Tropicana Corporation Berhad • Best Landed Development (Central) Winner: Elmina Green 4 by Sime Darby Property (City of Elmina) Sdn. Bhd. Highly Commended: • 118 Residence @ Kinrara by Mahajaya Berhad • Mutiara Hills by Boustead Properties Berhad • Best Mega Township Development Winner: Mutiara Rini Skudai by Boustead Properties Berhad Highly Commended: • Bandar Sri Sendayan by Matrix Concepts Holdings Berhad • Taman Impian Emas, Johor Bahru by Gunung Impian Development Sdn Bhd • Best Mixed Use Development Winner: Terra by Putrajaya Holdings Sdn Bhd • Best Industrial Development Winner: The Detached Factories by Sime Darby Property (Bukit Raja) Sdn. Bhd. • Best Retail Development Winner: KCC City Business Park, Muar by KCC Realty Highly Commended: Tropicana Metropark – SouthPlace Shoppes by Tropicana Corporation Berhad

DESIGN AWARDS • Best Condo/Apartment Architectural Design Winner: AraTre’ Residences @ Ara Damansara by Puncakdana Sdn Bhd Highly Commended: Trion 2 @ KL by Binastra • Best Club House Design Winner: Aurora Resort Villas by Country View Berhad • Best Landscape Architectural Design Winner: Agile Mont Kiara by Agile Real Estate Development Sdn Bhd

BEST OF MALAYSIA AWARDS • Best Condo/Apartment Development (Malaysia) Winner: Senada Residences by Sime Darby Brunsfield Resort Sdn Bhd • Best Housing/Landed Development (Malaysia) Winner: Elmina Green 4 by Sime Darby Property (City of Elmina) Sdn. Bhd.

SPECIAL AWARDS • Special Recognition in ESG Winners: • Matrix Concepts Holdings Berhad • Tropicana Corporation Berhad • Special Recognition for CSR Winners: • Matrix Concepts Holdings Berhad • OCR Group Berhad • Tropicana Corporation Berhad • Special Recognition in Sustainable Design and Construction Winners: • Binastra Land Sdn Bhd • Ideal Property Group • Matrix Concepts Holdings Berhad • Putrajaya Holdings Sdn Bhd • Tropicana Corporation Berhad

PUBLISHER’S CHOICE • Malaysia Real Estate Personality of the Year Winner: Ho Kong Soon, Group Managing Director, Matrix Concepts Holdings Berhad

• Platinum sponsor Kohler

WITH THANKS TO:

• Official portal partner PropertyGuru.com.my

• Official cable TV partner History Channel

• Official magazine PropertyGuru Property Report

• Official PR partner Klareco Communications

• Media partners KopiandProperty.com, Malaysian Business, Penang Property Talk, and The Grid Asia

• Official charity partner Right To Play

• Official ESG partner Baan Dek Foundation

• Supporting association Asia MarTech Society

• Official supervisor HLB

Around 71 winners were revealed on 26 November 2021 at the 7th Annual PropertyGuru Vietnam Property Awards programme, presented by Kohler and supported by Häfele, Dulux Professional by AkzoNobel Paints Vietnam, and Saint-Gobain Vietnam.

Keppel Land vaulted to the top, winning Best Developer, while the never-before-presented title of Best Luxury Developer went to SonKim Land Corporation.

Gamuda Land (HCMC) JSC. was named Best Lifestyle Developer while CapitaLand Development (Vietnam) was awarded Best Sustainable Developer. The Best Mixed Use Developer title went to Hung Thinh Land Joint Stock Company.

Danh Khoi Group Joint Stock Company was hailed Best Breakthrough Developer. Meanwhile, National Housing Organization, JSC clinched the Best Boutique Developer title.

Le Van Kiem, founder and chairman of KN Group, became the newest Vietnam Real Estate Personality of the Year.

1. Le Van Kiem adds Real Estate Personality of the Year to his many titles 2. The sought-after Best Developer statuette is presented to Keppel Land 3. Best Luxury Developer winner SonKim Land Corporation takes the stage 4. Hung Thinh Land Joint Stock Company receives the Best Mixed Use Developer statuette 5. Guests congratulate Gamuda Land (HCMC) JSC. on Best Lifestyle Developer win 6. The CapitaLand Development (Vietnam) team collect Best Sustainable Developer and other awards 7. The victorious team of Best Boutique Developer titleholder National Housing Organization, JSC 8. Presenting the Best Breakthrough Developer trophy to Danh Khoi Group Joint Stock Company

THE JUDGES

CHAIRPERSON Thien Duong Managing Director, Transform Architecture Alex Crane Managing Director, Vietnam, Knight Frank Chau Ta Executive Director - Legal Transactions, SC Capital Partners Pte Ltd. David McDonald General Director, WT Partnership (Vietnam) LLC Duc Truong CEO, OJS Investment & Consulting Ltd., Chairman, Edison Academy Vietnam Ltd. Edward Haysom General Director, HAYSOM Architects Vietnam Hang Dang Managing Director, CBRE (Vietnam) Co, Ltd. Jean-Francois Chevance Group Director of Hospitality and Design, Archetype Group Mauro Gasparotti Director, Savills Hotels APAC Paul D. Volodarsky Senior Associate, Deputy Head of Regional Real Estate, DFDL Legal and Tax

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the winners

DEVELOPER AWARDS • Best Developer Winner: Keppel Land • Best Luxury Developer Winner: SonKim Land Corporation • Best Mixed Use Developer Winner: Hung Thinh Land Joint Stock Company • Best Lifestyle Developer Winner: Gamuda Land (HCMC) JSC. • Best Sustainable Developer Winner: CapitaLand Development (Vietnam) • Best Boutique Developer Winner: National Housing Organization, JSC Highly Commended: Gotec Land • Best Breakthrough Developer Winner: Danh Khoi Group Joint Stock Company

DEVELOPMENT AWARDS • Best Ultra Luxury Condo Development (HCMC) Winner: Grand Marina, Saigon by Masterise Homes Highly Commended: The Opera Residence (The third phase of the Metropole Thu Thiem) by SonKim Land Corporation • Best Luxury Condo Development (HCMC) Winner: Define by CapitaLand – Thien Duc Co. Ltd • Best High End Condo Development (HCMC) Winner: King Crown Infinity by BCG Land Highly Commended: • Masteri Centre Point by Masterise Homes • Promena by National Housing Organization, JSC • Best Mid End Condo Development (HCMC) Winner: Celesta Rise by Keppel Land Vietnam & Phu Long Real Estate Corporation Highly Commended: Asiana Riverside by Gotec Land • Special Recognition for Landmark Development Winner: Grand Marina, Saigon by Masterise Homes • Best Ultra Luxury Condo Development (Hanoi) Winner: The Grand Hanoi by Masterise Homes • Best Luxury Condo Development (Hanoi) Winner: Heritage West Lake by CapitaLand – Hien Duc JSC Highly Commended: Five Star West Lake by GFS GROUP • Best High End Condo Development (Hanoi) Winner: Masteri West Heights by Masterise Homes • Best Condo Development (Binh Duong) Winner: Happy One Central by Van Xuan Group Highly Commended: • Astral City by Phat Dat Real Estate Development Corporation • Midori Park The Glory by Becamex Tokyu Co., Ltd • Best Condo Development (Danang) Winner: The Filmore Da Nang by Filmore Development • Best Residential Development (Southern Vietnam) Winner: Stella Icon by Kita Group Joint Stock Company • Best Residential Development (Quy Nhơn) Winner: Takashi Ocean Suite Ky Co by Danh Khoi Holdings Investment Joint Stock Company • Best Luxury Housing Development (HCMC) Winner: The Glen by Gamuda Land (HCMC) JSC. • Best Housing Development (HCMC) Winner: The Classia by Khang Dien House Trading and Investment JSC • Best Township Development Winner: Tokyu Garden City by Becamex Tokyu Co., Ltd • Best Industrial Development Winner: Binh Duong Industrial Park by Frasers Property Vietnam • Best High Rise Office Development Winner: Thanh Cong Tower by TCG Land – a member of Thanh Cong Group • Best Low Rise Office Development Winner: OfficeHaus by OFH Company Limited • Best Smart Building Development Winner: TechnoPark Tower by Vinhomes Joint Stock Company • Best Wellness Lifestyle Development Winner: Vinhomes Ocean Park by Vinhomes Joint Stock Company • Best Mega Green Development Winner: KN Paradise Cam Ranh by KN Cam Ranh Company Limited • Best Hospitality Green Development Winner: InterContinental Halong Bay Resort & Residences by BIM Land (a member of BIM Group) • Best Commercial Green Development Winner: TechnoPark Tower by Vinhomes Joint Stock Company

DESIGN AWARDS • Best Ultra Luxury Condo Architectural Design Winner: The Opera Residence (The third phase of the Metropole Thu Thiem) by SonKim Land Corporation Highly Commended: Grand Marina, Saigon by Masterise Homes • Best Luxury Condo Architectural Design Winner: The Filmore Da Nang by Filmore Development • Best High End Condo Architectural Design Winner: Promena by National Housing Organization, JSC • Best Coastal Condo Architectural Design Winner: The Aston Luxury Residence by Danh Khoi Holdings Investment Joint Stock Company • Best Condo Architectural Design Winner: Icon 40 by BIM Land (a member of BIM Group) Highly Commended: • Astral City by Phat Dat Real Estate Development Corporation • Central Residence by Gamuda Land Vietnam LLC • Takashi Ocean Suite Ky Co by Danh Khoi Holdings Investment Joint Stock Company • Best Resort Architectural Design Winner: Casa Marina Premium by BCG Land Highly Commended: Sailing Club Signature Resort Ha Long Bay by BIM Land (a member of BIM Group) • Best Coastal Housing Architectural Design Winner: Cam Ranh Mystery Villas by Cam Ranh Mystery Joint Stock Company • Best Housing Architectural Design Winner: The Classia by Khang Dien House Trading and Investment JSC • Best Ultra Luxury Condo Interior Design Winner: The Grand Hanoi by Masterise Homes Highly Commended: The Opera Residence (The third phase of the Metropole Thu Thiem) by SonKim Land Corporation

• Best Luxury Condo Interior Design Winner: Zenity by CapitaLand Development (Vietnam) • Best Resort Interior Design Winner: Park Hyatt Phu Quoc Residences by BIM Land (a member of BIM Group) • Best Ultra Luxury Condo Landscape Architectural Design Winner: Grand Marina, Saigon by Masterise Homes Highly Commended: The Opera Residence (The third phase of the Metropole Thu Thiem) by SonKim Land Corporation • Best High End Condo Landscape Architectural Design Winner: The Peak by Phu My Hung Development Corporation • Best Condo Landscape Architectural Design Winner: Astral City by Phat Dat Real Estate Development Corporation • Best Housing Landscape Architectural Design Winner: Casamia Balanca Hoi An by Dat Phuong Joint Stock Company • Best Township Masterplan Design Winner: TNR Stars Bỉm Sơn by TNR Holdings Vietnam • Best Mixed Use Architectural Design Winner: Masteri Waterfront by Masterise Homes Highly Commended: Phu My Hung Midtown by Phu My Hung Development Corporation • Best Office Architectural Design Winner: Thanh Cong Tower by TCG Land – a member of Thanh Cong Group

BEST OF VIETNAM AWARDS • Best High Rise Condo Development (Vietnam) Winner: Define by CapitaLand – Thien Duc Co. Ltd • Best Low Rise Condo Development (Vietnam) Winner: The Grand Hanoi by Masterise Homes • Best Housing Development (Vietnam) Winner: The Glen by Gamuda Land (HCMC) JSC. SPECIAL AWARDS Special Recognition in ESG Winners: • Keppel Land • Phat Dat Real Estate Development Corporation • SonKim Land Corporation • Special Recognition for CSR Winners: • Becamex Tokyu Co., Ltd • BIM Land (a member of BIM Group) • Danh Khoi Group Joint Stock Company • Gotec Land • National Housing Organization, JSC • Phat Dat Real Estate Development Corporation • Special Recognition for Building Communities Winners: • CapitaLand Development (Vietnam) • Gamuda Land (HCMC) JSC. • Hung Thinh Land Joint Stock Company • Keppel Land • Phu My Hung Development Corporation • Special Recognition in Sustainable Design and Construction Winners: • CapitaLand Development (Vietnam) • Gamuda Land (HCMC) JSC. • Keppel Land • Masterise Homes • Phu My Hung Development Corporation

PUBLISHER’S CHOICE Vietnam Real Estate Personality of the Year Winners: Le Van Kiem, Founder and Chairman, KN Group

WITH THANKS TO:

• Platinum sponsor Kohler

• Gold sponsor Häfele

• Silver sponsor Dulux Professional by AkzoNobel Paints Vietnam

• Silver sponsor Saint-Gobain Vietnam

• Official portal partner Batdongsan.com.vn

• Local partner Oriental Media Vietnam

• Official cable TV partner History Channel

• Official magazine PropertyGuru Property Report

• Official PR partner T&H Communications

• Media partners Deluxe Magazine, Oi Vietnam, Vietnam Heritage, and Vietnam News

• Official charity partner Right To Play

• Official ESG partner Baan Dek Foundation

• Supporting association Asia MarTech Society

• Official supervisor HLB

The seventh annual edition of the PropertyGuru Indonesia Property Awards, presented by Kohler, announced its honourees on 30 November 2021 at The Ritz-Carlton Jakarta, Pacific Place. Around 52 winners received gold statuettes and certificates at the inaugural hybrid gala celebration.

Sinar Mas Land won six awards including Best Developer, a coveted title it has won for the second consecutive year. The year’s Best Boutique Developer, Farpoint, also won six awards.

Agung Sedayu Group was named Best Commercial Developer, with chairman Sugianto Kusuma receiving the 2021 Indonesia Real Estate Personality of the Year award.

PT Metropolitan Kentjana Tbk won four awards, including Best Mixed Use Developer. PT Intiland Development Tbk, crowned Best Sustainable Developer, won four awards as well.

Triniti Land was given the Best Innovative Developer title. Other winners in the Developer categories were Astra Land Indonesia (Best Lifestyle Developer) and PT Adhi Commuter Properti (Best Breakthrough Developer).

1. Sinar Mas Land accepts the statuette for Best Developer 2. The Farpoint team come out in full force for the hybrid gala 3. Agung Sedayu Group’s Sugianto Kusuma after accepting the Real Estate Personality of the Year award 4. PT Intiland Development Tbk’s Hendro S. Gondokusumo poses for the Wall of Fame 5. Ishak Chandra joins the virtual gala for Triniti Land 6. A triumphant Jeffri Tanudjaja of PT Metropolitan Kentjana Tbk 7. Rizkan Firman receiving his company’s Best Breakthrough Developer award 8. Wibowo Muljono is all smiles after PT Astra Land Indonesia’s wins

THE JUDGES

CHAIRPERSON Doddy A. Tjahjadi Managing Director, PTI Architects Bagus Adikusumo Senior Director | Office Services, PT. Colliers International Indonesia Bernardus Djonoputro Executive Director Strategy And Transactions - Ernst & Young Cornel B. Juniarto Senior Partner, Hermawan Juniarto & Partners (Member of Deloitte Legal Network)

Djinadi Gunawan Managing Director, PT Meinhardt Indonesia

Gavin Cox Director, WT Partnership

Hendra Hartono CEO, PT. Leads Property Services Indonesia

Ian Reynolds Managing Director, Reynolds Partnership PT.

Lina Gan Founder and Editor-in-Chief, Indonesia Design

M. Archica Danisworo Co Founder and Design Director of PDW Architects

Vivin Harsanto Senior Director/Head of Advisory, JLL Indonesia

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the winners

DEVELOPER AWARDS • Best Developer Winner: Sinar Mas Land • Best Commercial Developer Winner: Agung Sedayu Group • Best Mixed Use Developer Winner: PT Metropolitan Kentjana Tbk • Best Lifestyle Developer Winner: Astra Land Indonesia • Best Innovative Developer Winner: Triniti Land • Best Sustainable Developer Winner: PT Intiland Development Tbk Highly Commended: PT AKR Land Development • Best Boutique Developer Winner: Farpoint • Best Breakthrough Developer Winner: PT Adhi Commuter Properti Highly Commended: PT Puri Global Sukses Tbk

DEVELOPMENT AWARDS • Best Luxury Condo Development (Jakarta) Winner: Verde Two by Farpoint • Best Mid End Condo Development (Jakarta) Highly Commended: Bellevue Place @MT Haryono by Gapura Prima Group • Best High End Condo Development (Greater Jakarta) Winner: Upper West @ BSD City by Sinar Mas Land and Dwijaya Karya • Best Affordable Condo Development (Greater Jakarta) Winner: Tokyo Riverside Apartment at PIK2 by Agung Sedayu Group & Salim Group • Best Affordable Condo Development (Greater Indonesia) Winner: The Monde City by PT Puri Global Sukses Tbk • Best Housing Development (Jakarta) Winner: Sentarum at Asya by PT Astra Modern Land • Best High End Housing Development (Greater Jakarta) Winner: The Sanctuary Collection by Perennial Holdings, PT Cipta Harmoni Lestari & Qingjian Realty Highly Commended: The Zora – Kiyomi by PT BSD Diamond Development • Best Mid End Housing Development (Greater Jakarta) Winner: Duo by PT Intiland Development Tbk Highly Commended: Samira Regency Bekasi by PT Triyasa Propertindo • Best Townhouse Development (Greater Jakarta) Winner: Providence House by Easton Urban Kapital • Best Millennial Housing Development (Greater Jakarta) Winner: Sentosa Park by PT. Yiho Jakarta Real Estate Development • Best Affordable Housing Development (Greater Jakarta) Winner: Samanea Hill by Farpoint Highly Commended: Citaville Pilar Cikarang by Greenwoods Group • Best Low Cost Housing Development (Greater Jakarta) Winner: Mustika Village Sukamulya by Mustika Land • Best Housing Development (Greater Indonesia) Winner: Grahayana by Citanusa Group Highly Commended: Seion Serang by Masgroup • Best Low Cost Housing Development (Greater Indonesia) Winner: Mustika Village Karawang by Mustika Land • Best Township Development Winner: Jababeka Residence by PT Jababeka Tbk Highly Commended: AKR Grand Estate Marina City by PT AKR Surabaya Land Corporindo • Best Mixed Use Development Winner: Southgate Residence at TB Simatupang Area by Sinar Mas Land • Best Industrial Estate Development Winner: GIIC @ Kota Deltamas by Sinar Mas Land & Sojitz Corporation • Best Resort Hotel Development Winner: The Botanica Sanctuary by Agung Sedayu Group • Best Serviced Apartment Development Winner: InterContinental Hotel & Residences Jakarta Pondok Indah by PT Metropolitan Kentjana Tbk • Best Retail Development Winner: Pondok Indah Mall 3 by PT Metropolitan Kentjana Tbk • Best Mid Rise Office Development Winner: Telkom Landmark Tower Surabaya by Telkom Property • Best Green Development Winner: BSD City by Sinar Mas Land DESIGN AWARDS • Best Township Masterplan Design Winner: Paramount Petals by Paramount Land • Best Office Architectural Design Winner: SMI Tower by Simbiotik Multitalenta Indonesia • Best Retail Architectural Design Winner: Bintaro Jaya Xchange by Lead8 • Best Boutique Retail Architectural Design Winner: Central Market PIK by Agung Sedayu Group & Salim Group • Best Condo Architectural Design Winner: Paul & Prive by Triniti Land Highly Commended: Bellevue Place @MT Haryono by Gapura Prima Group • Best Residential District Architectural Design Winner: Marc’s Boulevard by Triniti Land • Best Housing Architectural Design Winner: The Sanctuary Collection by Perennial Holdings, PT Cipta Harmoni Lestari & Qingjian Realty Highly Commended: Glenn the Hive by Triniti Land • Best Compact Housing Architectural Design Winner: Damara Village Ubud Alaya Collection by Greenwoods Group Highly Commended: • Samanea Hill by Farpoint • Samira Regency Bekasi by PT Triyasa Propertindo • Best Mid End Condo Interior Design Winner: Bellevue Place @MT Haryono by Gapura Prima Group • Best Condo Landscape Architectural Design Winner: Verde Two by Farpoint • Best Housing Landscape Architectural Design Winner: Toba Lake Villas at Asya by PT Astra Modern Land

BEST OF INDONESIA AWARDS • Best Condo Development (Indonesia) Winner: Verde Two by Farpoint • Best Housing Development (Indonesia) Winner: The Sanctuary Collection by Perennial Holdings, PT Cipta Harmoni Lestari & Qingjian Realty

SPECIAL AWARDS • Special Recognition in ESG Winners: • PT AKR Land Development • PT Intiland Development Tbk • Special Recognition in Sustainable Design and Construction Winners: • Astra Land Indonesia • Farpoint • PT Intiland Development Tbk • PT Metropolitan Kentjana Tbk • Sinar Mas Land • Special Recognition for Innovative Banking Industry Development Winner: PT Bank Tabungan Negara (Persero) Tbk. • Special Recognition in Real Estate Initiatives Winner: Real Estate Indonesia PUBLISHER’S CHOICE Indonesia Real Estate Personality of the Year Winner: Sugianto Kusuma, Chairman, Agung Sedayu Group

WITH THANKS TO:

• Platinum sponsor Kohler

• Official portal partner Rumah.com

• Official cable TV partner History Channel

• Official magazine PropertyGuru Property Report

• Official PR partner Dreamhub Consultancy

• Official charity partner Right To Play

• Official ESG partner Baan Dek Foundation

• Supporting association Asia MarTech Society

• Official supervisor HLB

The 16th Annual PropertyGuru Thailand Property Awards, supported by IHI, JLL, Mitsubishi Electric Kang Yong Watana, and Bathic, were held 3 December 2021 as a virtual gala broadcast presentation.

Awardees represented cities and regional markets as diverse as Bangkok, Chiangmai, the Eastern Seaboard, Hua Hin, Phuket, Samui, and the Thai upcountry.

Sansiri Public Company Limited won the ultimate accolade of Best Developer, a title it had previously won in 2013. The newest edition of the awards programme also honoured outstanding real estate companies in resort destinations with the all-new Best Developer (Eastern Seaboard) award, presented to Maneerin Property, and Best Developer (Phuket) award, presented to Utopia Corporation Co., Ltd.

Habitat Group Co., Ltd. was named Best Boutique Developer, with Habitat Hospitality Co., Ltd. collecting the title of Best Hospitality Developer. Lamphun Tangnoi of Andaman Asset Solution Co., Ltd. earned the title of Best Breakthrough Developer.

1. The programme’s organisers and judges prepare for the awards reception at the Pimarn Siam Hall of The Athenee Hotel 2. Kamonwan Prasitwuttivech of Sansiri Public Company Limited accepts the Best Developer award 3. A jubilant Navin Leknawa of Britania Public Company Limited 4. Utopia Corporation Co., Ltd.’s Hachi Yin accepts the Best Developer (Phuket) award 5. Habitat Group Co., Ltd.’s Chanin Vanijwongse and wife arrive 6. Pattana Property Development accepts an award from JLL Thailand’s Michael Glancy 7. Kaj Miyake of gold sponsor IHI joins the reception dinner 8. Huddling for the yearly class pictorial

THE JUDGES

CHAIRPERSON Suphin Mechuchep Chairperson, JLL Thailand Chaivut Saengaram Ph.D. Chief Operating Officer, Chuchawal - Royal Haskoning Ltd. Chaiyuth Pete Thirangoon Director, Akatan Company Limited Leong Choong Peng Director, Australian Institute of Quantity Surveyors. Marciano Birjmohun Director, The Singapore-Thai Chambers of Commerce Dr. Phongthon Tharachai CEO, Project Planning Service Public Company Limited Precha Suphapetiporn President, Thai Real Estate Sales and Marketing Association Sasivimol Sinthawanarong Design Principal, JARKEN Co.,Ltd. Professor Sonthya Vanichvatana, Ph.D Chairperson, the Department of Real Estate, MRICS, Associate Architect, MSME School of Management and Economics, Assumption University Tawatchai Kobkaikit Managing Director, TK Studio

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the winners

DEVELOPER AWARDS • Best Developer Winner: Sansiri Public Company Limited • Best Developer (Phuket) Winner: Utopia Corporation Co., Ltd. • Best Developer (Eastern Seaboard) Winner: Maneerin Property • Best Hospitality Developer Winner: Habitat Hospitality Co., Ltd. • Best Boutique Developer Winner: Habitat Group Co., Ltd. Highly Commended: • Britloftgroup • Eakphoomsub Development Company Limited • Lucky Living Properties Co., Ltd. • Best Breakthrough Developer Winner: Andaman Asset Solution Co., Ltd.

DEVELOPMENT AWARDS • Best Ultra Luxury Condo Development (Bangkok) Winner: The Residences at Sindhorn Kempinski Hotel Bangkok by Siam Sindhorn Co., Ltd. • Best Luxury Condo Development (Bangkok) Winner: Celes Asoke by Lucky Living Properties Co., Ltd. Highly Commended: The Crest Park Residences by SC Asset Corporation Plc • Best Mid End Condo Development (Bangkok) Winner: Holme Ekkamai 22 by S A Future Property Company Limited • Best Affordable Condo Development (Bangkok) Winner: Kave TU by Assetwise Public Company Limited • Best Condo Development (Chiangmai) Winner: The Spring Loft by NTS Property Co., Ltd. and Srisiri STT Group Co., Ltd. • Best Housing Development (Bangkok) Winner: Grand Britania Wongwaen Ramintra by Britania Public Company Limited • Best Townhome Development (Bangkok) Winner: Reseo Home (Ramintra-Jatuchot) by Revo Property • Best Housing Development (Hua Hin) Winner: Luxury Home by The Bibury Property Co. Ltd • Best Housing Development (Samui) Winner: Istani Villas by Idea Development • Best Mixed Use Development Winner: Sindhorn Village by Siam Sindhorn Co., Ltd. • Best Hotel Development Winner: Kimpton Kitalay Samui by Choengmon Real Estate Company Limited • Best Wellness Lifestyle Development Winner: Prompt88 Health Land by Pattana Property Development • Best Office Development Highly Commended: Lumpini Tower Vibhavadi by L.P.N. Development Public Co., Ltd. • Best Smart Building Development Winner: Celes Asoke by Lucky Living Properties Co., Ltd. Highly Commended: Prompt88 by Pattana Property Development

DESIGN AWARDS • Best Luxury Condo Architectural Design Winner: Celes Asoke by Lucky Living Properties Co., Ltd. Highly Commended: The Crest Park Residences by SC Asset Corporation Plc • Best Condo Architectural Design Winner: Holme Ekkamai 22 by S A Future Property Company Limited Highly Commended: • Salaya One by Menam Development Co., Ltd • The Hampton Suites Rayong by Origin Property Public Company Limited • Best Housing Architectural Design (Bangkok) Winner: The Glamor Ekkamai – Praditmanutham by Peace and Living Public Company Limited Highly Commended: Eigen Premium Townhome Pattanakarn by Revo Development • Best Housing Architectural Design (Upcountry) Winner: Asongkhai by Ametus Development Co., Ltd. • Best Multi Housing Architectural Design (Upcountry) Winner: Istani Villas by Idea Development Highly Commended: Maneerin Park (Khaolam) by Maneerin Property • Best Club Facilities Design Highly Commended: The Victory by Andaman Asset Solution Co., Ltd. • Best Luxury Condo Interior Design Winner: Celes Asoke by Lucky Living Properties Co., Ltd. Highly Commended: The Crest Park Residences by SC Asset Corporation Plc • Best Housing Interior Design Winner: Maison Blanche – Sukhumvit 67 by Baan Sasidara Co.,Ltd. • Best Office Interior Design Highly Commended: Concentrix Thailand Office by J.design & Decorative House Co., Ltd. • Best Condo Landscape Architectural Design Winner: Oneder Kaset Condo by Eakphoomsub Development Company Limited Highly Commended: Celes Asoke by Lucky Living Properties Co., Ltd. • Best Townhome Landscape Architectural Design Highly Commended: Reseo Home (Ramintra-Jatuchot) by Revo Property • Best Commercial Landscape Architectural Design Winner: Government Center: Sustainable Landscape Master Planning by Dhanarak Asset Development Co., Ltd.

BEST OF THAILAND AWARDS • Best Condo Development (Thailand) Winner: The Residences at Sindhorn Kempinski Hotel Bangkok by Siam Sindhorn Co., Ltd. • Best Housing Development (Thailand) Winner: Istani Villas by Idea Development

SPECIAL AWARDS • Special Recognition in ESG Winner: Maneerin Property • Special Recognition in Sustainable Design and Construction Winners: • Habitat Group Co., Ltd. • Maneerin Property

PUBLISHER’S CHOICE Thailand Real Estate Personality of the Year Winner: Anuphong Assavabhokhin, Vice Chairman and Chief Executive Officer, AP (Thailand) Public Company Limited

WITH THANKS TO:

• Gold sponsor IHI

• Gold sponsor JLL

• Gold sponsor Mitsubishi Electric Kang Yong Watana

• Bronze sponsor Bathic

• Official portal partner DDproperty.com

• Official cable TV partner History Channel

• Official magazine PropertyGuru Property Report

• Official supplier GFour Wines and Spirits • Official PR partner Infinity Communications

• Media partners Discover Pattaya, Hot Magazine, Locanation, Luxury Society Asia, Pattaya Trader, and REm Thailand

• Official charity partner Right To Play

• Official ESG partner Baan Dek Foundation

• Supporting associations Asia MarTech Society, Green Building Consulting & Engineering, and British Chamber of Commerce Thailand

• Official supervisor HLB

Promena

Thu Duc, Ho Chi Minh City

Promena is a condominium project at the entrance of the Thu Duc Golf & Country Club in Ho Chi Minh City. Envisaged as a haven away from the hustle and bustle of the city, Promena is nestled on the side of a verdant 300-hectare golf course along No. 2 Street in Long Thanh My Ward.

Promena is conceived as a development that brings nature inside. Every indoor area in the golf community maximises window spaces and encourages natural airflow, creating a harmonious coexistence between people and the natural environment.

The design team, led by ADU Architecture & Design, incorporated the arch throughout property’s architecture. As a key architectural element of the project, the arch conveys timelessness, connectivity, beauty, strength, and longevity, as well as the developer’s respect for nature.

The project features a clubhouse with a large deck. Residents have access to a 275-sqm restaurant and 135sqm community room, among many other facilities. They can also bask in the jacuzzi, lap pool, and family pool, or just admire the water features. Children can enjoy the kids’ pool and playground while fitness enthusiasts can access the 77-sqm gym, 100-sqm outdoor exercise zone, and 100-sqm multipurpose court, plus a dedicated tennis court.

BEST CONDO ARCHITECTURAL DESIGN (ASIA)

Promena by National Housing Organization, JSC

WINNER

BEST HIGH END CONDO ARCHITECTURAL DESIGN

Promena by National Housing Organization, JSC.

HIGHLY COMMENDED

BEST HIGH END CONDO DEVELOPMENT (HCMC)

Promena by National Housing Organization, JSC.

FACT BOX

Developer: National Housing Organization, JSC. Product type: Condominium Architect: ADU Architecture & Design Launch date: Dec 2022 Completion date: Q2 2024 Total land area: 8,605 sqm Number of units: 80 Average unit size: 143.45 sqm Facilities: Restaurant, outdoor café, gym, clubhouse, community room, kids’ pool, jacuzzi, family pool, lap pool, shade pavilion, playground, outdoor exercise zone, sports courts, tennis court Price range: USD490,000-748,000

AraTre’ Residences

Ara Damansara, Malaysia

The three residential towers comprising the development are the tallest in the township of Ara Damansara in Petaling Jaya. Just a walking distance from the Ara Damansara LRT Station, the residences are in built-up sizes ranging from 775 sq ft for a two-bedroom unit to 1,227 sq ft for a threebedroom unit.

Laid out in the shape of a three, the buildings are designed to maximise shade and ventilation. The project emanates a resort-like aura with an extensive range of lifestyle and fitness amenities on the Level 8 podium as well as the Rooftop Garden, which looks out to panoramic vistas of Ara Damansara.

More than 40 facilities will be available to residents upon the project’s impending completion. They include the Rooftop Skybox, Infinity Lap Pool, Zen Garden, Aqua Lounge, Celebrity Kitchen, and Grand Lobby. As part of a bustling township, AraTre’ Residences is within proximity to myriad urban amenities, including schools and colleges, medical centres, shopping and leisure hubs, golf courses, and F&B spots, among many others. AraTre’ Residences is easily accessible from the Petaling Jaya CBD via major thoroughfares Jalan Lapangan Terbang Subang, NKVE, LDP, and Federal Highway.

BEST CONDO ARCHITECTURAL DESIGN (MALAYSIA)

AraTre' Residences @ Ara Damansara

by Puncakdana Sdn. Bhd.

WINNER

BEST CONDO/APARTMENT ARCHITECTURAL DESIGN

AraTre' Residences @ Ara Damansara by Puncakdana Sdn. Bhd.

HIGHLY COMMENDED

BEST MID END CONDO / APARTMENT DEVELOPMENT (CENTRAL) AraTre' Residences @ Ara Damansara

by Puncakdana Sdn. Bhd.

FACT BOX

Developer: Puncakdana Sdn Bhd Product type: Serviced apartments Architect: Cipta Teguh Architects Sdn Bhd Launch date: May 2018 Completion date: Mid-2022 (target) Total land area: 2.67 acres Number of units: 727 Average unit size: 797 sq ft (two-bedroom), 1,173 sq ft (three-bedroom) Facilities: Infinity Pool, Kids’ Splash Pool, Indoor and Outdoor Gyms, Multipurpose Hall, Sky Lounge, Zen Garden, Cardio Trail, Male and Female Surau, Playground, Mini-market Space, Launderette, and more Monthly maintenance fees: MYR0.30 per sq ft Price range: MYR496,000-930,000

Sales contact details:

Tel: +603-7831 7891, +6018-2828 001 Email: puncakdana08@gmail.com Address: D-1-G, Block D1, Dana 1 Commercial Centre, Jalan PJU 1A/46, Ara Damansara, 47301 Petaling Jaya, Selangor Darul Ehsan, Malaysia

HERITAGE WEST LAKE

Tay Ho District, Hanoi

This high-end project is a complex of residential, office, and officetel towers above Lac Long Quan Street in Hanoi. Themed after West Lake in the city’s Tay Ho District and the nearby Red River, the design of the project pays tribute to legends surrounding the bodies of water.

The project boasts more than 40 exclusive facilities for residents, with sky pools that include the first heated rooftop swimming pool in Hanoi. Adults can congregate at a sky party deck and the wine and cigar bar while children can frolic at Kidz Amaze, a spacious indoor playground.

The buildings are strategically dispersed to optimise privacy and maximise the water views. This creates a large open central court onsite, leaving room for a garden maze, a miniature version of West Lake, and vertical gardens. With their golden elements and random patterns, the building facades are designed to evoke mythical waterfalls and the waves of West Lake. The likeness of legendary creatures even populate landscaped areas and entrances.

The project’s 173 residential units have large loggia to optimise views. All apartments are fitted with exceptional interiors, fixtures, fittings and finishes from world-renowned brands like GESSI, Villeroy & Boch, Poggenpohl, and Gaggenau. Units also offer private lift lobbies and 1:1 car park provision.

WINNER

BEST LUXURY CONDO DEVELOPMENT (HANOI)

HERITAGE WEST LAKE by CapitaLand – Hien Duc JSC

FACT BOX

Developer: CapitaLand Development (Vietnam) in collaboration with Hien Duc Group Product type: High-end mixed-use development Architect: DP Architects Pte Ltd Completion date: Q3 2024 Total land area: 8,970 sqm Number of units: 173 (residential tower), 202 (officetel), 28 (shop offices) Average unit size: 131 sqm (residential tower), 62 sqm (officetel), 1,100-1,200 sqm (shop offices) Facilities: Cave pool, infinity cloud pool, jacuzzi, wine and cigar bar, maze garden, treehouse, indoor playground, private lift lobbies, and more Monthly maintenance fees: Equivalent to 2% of apartment selling price before VAT Average unit price: USD700,000 (USD5,500)

Sales contact details:

Tel: 0916161588 Email: ngo.vantuan@capitaland.com Address: Lot D7 Lac Long Quan Street, Phu Thuong Ward, Tay Ho Dist, Hanoi, Vietnam

DEFINE

Thu Duc City, Ho Chi Minh City

DEFINE is a prime development within Thu Duc City in HCMC. From its enviable location along 60-TML Street, the project affords residents with great views of Saigon River and excellent connectivity to the CBD. It also offers easy access to well-known educational institutions; a variety of retail options; and reliable hospitals and clinics. DEFINE is reputed for 50 luxurious facilities, including a rare supercar garage and the first automated smart car parking system of any residential development in Vietnam.

The development holds a total of 45 swimming pools, the most number of any residential project in HCMC. It also features a private party house, akin to a yacht club, which overlooks the property’s main pool.

Residents enjoy direct lift access to their apartments. The three-bedroom units feature private courtyard gardens while the four-bedroom units have exclusive private pools with decks. Natural relaxation zones and jewel-themed gardens dot the development and give residents instant places to unwind. Residents can also work from home at the building’s sunny coworking lounge with its floor-toceiling windows.

Inspired by the Monaco lifestyle, DEFINE is distinguished by its French-style grand arches and interlocking columns. Residents step into a spacious grand lobby and welcome lounge with shimmering gold accents and a wave-like ceiling installation.

BEST SUSTAINABLE DEVELOPER (ASIA)

CapitaLand Development (Vietnam) WINNER

BEST HIGH RISE CONDO DEVELOPMENT (VIETNAM)

DEFINE by CapitaLand –Thien Duc Co. Ltd

WINNER

BEST LUXURY CONDO DEVELOPMENT (HCMC)

DEFINE by CapitaLand –Thien Duc Co. Ltd

FACT BOX

Developer: CapitaLand – Thien Duc Co. Ltd Product type: Luxury condominium Architect: RSP (Singapore) Launch date: December 2021 Completion date: Q4 2024 Total land area: 4,501 sqm Number of units: 88 Unit size: 197.2-297.7 sqm (three-bedroom), 260.3-295.5 sqm (four-bedroom), 528 sqm (penthouse) Facilities: Supercar garage, automated car parking system, party house, pools, gardens, terraces, lounges, hydrotherapy jacuzzi, vehicle washing bays, eco charging points, playground, kid’s club, pavilions, wine cellar, sauna and steam room, gym, yoga studios, and more Monthly maintenance fees: VND40,000 per sqm Price range: USD4,500-5,000 per sqm

Sales contact details:

Tel: 1800 599 986 Address: 60-TML Street, Thanh My Loi Ward, Thu Duc City, HCMC, Vietnam

Andaman Village

Shaoxing, China

Andaman Village is a cultural real estate development and upcoming tourist destination in the Xinchang county of Shaoxing City. The project encompasses a cultural community, small luxurious hotels, courtyard residences, and more, set beside spectacular peaks and rivers.

The project is in the estuary delta beside 19 Peaks , a National 4A Level scenic spot in China. The site is in pristine condition, making possible a landscape design reminiscent of a “poetic dwelling of the garden leaning on the island.”

Steeped in local culture, the project takes inspiration from the Roads of Tang Poetry, historic spots in eastern Zhejiang province visited by hundreds of poets during the Tang Dynasty. It will also have many crossover branding activities when it opens. The project centres on a cultural and art community that integrates the architectural characteristics of modern article buildings down to their characteristic eaves. Themed as the “Dream of Art Community,” the community is laid out in a magnificent grid structure, with shops and businesses incorporating Tang-style folk customs.

True to the province’s heritage, architects abstracted from the nearby mountains the design elements of “rock”, “ridge”, “ridge”, “valley”, “peak,” and “stream” and integrated them into the project’s landscaping. The village includes verdant attractions such as the Yixin Six Gardens, which recreate the experience of cutting through rocks and crossing mountains.

HIGHLY COMMENDED

BEST MIXED-USE DEVELOPMENT (MAINLAND CHINA)

Andaman Village by Regalia Group

FACT BOX

Developer: Xinchang Yuting Tourism Development Co. Ltd. Architect: Shanghai Tianhua Architectural Design Co. Ltd. Launch date: February 2020 Completion date: December 2024 Total land area: 100,920 sqm

Sales contact details:

Tel: 18858565372 Email: 784906121@qq.com Address: Zuoyu Village, Chengtan Town, Xinchang County, Shaoxing City, Zhejiang Province, China

Paramount Petals

Tangerang, Indonesia

This township is an integrated “one-stop living” development encompassing 300 hectares of land in Banten province towards the west of Jakarta.

Master-planned by AECOM, the project contains residential neighbourhoods, commercial buildings, business spaces, and education and healthcare facilities, as well as an entertainment area.

Aiming to promote “Lovable Living,” Paramount Petals is designed to integrate urban infrastructures into a green environment, creating a selfsustaining, closely knit community. Residents and visitors have access to a variety of amenities and facilities and interact with nature every day.

Aster and Canna, the first two residential clusters in Paramount Petals, feature an aesthetically pleasing architecture and interior design with high ceiling concept that provides room customisation options. The homes are suited to a wide range of demographic segments, from millennials to families with children.

Paramount Petals is strategically located. The township has direct toll gates to its two main access routes, the Jakarta-Tangerang toll road and the Jakarta Outer Ring Road (JORR). This level of connectivity makes Paramount Petals very commuter-friendly and accessible, with corners of the township only a short ride from each other. The township also offers a wide choice of transportation modes, easing the commute for residents.

WINNER

BEST TOWNSHIP MASTERPLAN DESIGN

Paramount Petals by Paramount Land

BEST TOWNSHIP MASTERPLAN DESIGN (ASIA)

Paramount Petals by Paramount Land

FACT BOX

Developer: Paramount Land Product type: Township Architect: AECOM (master-planner) Launch date: July 2021 Completion date: 2025 (South Paramount Petals) Total land area: ±300 ha Number of units: 1,946 (South Paramount Petals) Price range: IDR791 million-1.7 billion

Monthly maintenance fees:

IDR375,000-400,000 Facilities: Residential areas, commercial buildings, business spaces, education and healthcare facilities, entertainment areas

Sales contact details:

Tel: (+62 21) 5999-9999 Email: info@paramountpetals.com Website: www.paramountpetals.com Instagram: @officialparamountpetals Address: Jl. Boulevard Sakura No. 9, Paramount Petals, Tangerang, Banten, Indonesia

The Sanctuary Collection

Bogor Regency, Indonesia

The Sanctuary Collection is an international collaboration project between Perennial Holdings Private Limited, PT. Cipta Harmoni Lestari and Qingjian Realty (South Pacific) Group Pte. Ltd. Located at the heart of South Sentul, The Sanctuary Collection is created with the concept of Premium Resort Living by The Mountain in accordance with its beautiful location and the fast-growing lifestyle in the South Sentul area.

The luxury residences are surrounded by various international-standard facilities, ranging from malls, schools, to hospitals. It is a safe haven that offers a premium choice of new normal way of living that guarantees a unique experience for the people of Jakarta and its surroundings.

The Sanctuary Collection is the perfect choice of a sophisticated, comfortable, and luxurious residence with complete facilities such as the main clubhouse, a bonfire and BBQ area, thematic Olympic-size swimming pool, and other various premium amenities where one can live, work and play in nature.