Property Report by PropertyGuru

As executive director of international business at Charter Keck Cramer, Ivan Lam has spent the past decade driving innovation in Australia’s property and investment sectors. Lam’s background in retail and business banking, particularly in Asian banking, has helped him drive business development and foster international client relationships, with a focus on the Asia Pacific region. Charter Keck Cramer is Australia’s leading independent property advisory firm and seeks to help its clients improve their operational efficiencies and navigate complex market dynamics. Lam draws on his extensive industry knowledge and strategic vision to help deliver strong client outcomes. We sat with Lam to discuss the Australian real estate sector, including the unique challenges of buying and managing property there, the countries making substantial investments Down Under, and the outlook for 2025. #PGPropertyReport #realestate #australia #charterkeckcramer #property #investment #PropertyAdvisory

For years now, Bukit Timah has been a sought-after urban escape in Singapore. Its over-riding tranquility and numerous city centre links ensure Bukit its enduring popularity with well-heeled locals and expatriates. The area’s natural assets are enhanced by Bukit Batok, an old quarrying ground, encouraging vigorous hikes through this busy but beautiful neighbourhood that’s augmented by new real-estate additions from big-name developers. Check out these six spots when you visit Bukit Timah. #PGPropertyReport #realestate #singapore #bukittimah #UrbanEscape

Global investment organisation EQT and PropertyGuru Group Limited are pleased to announce the completion of the acquisition of PropertyGuru. EQT’s investment in PropertyGuru will support our ongoing success by providing resources and expertise to accelerate technology development, expand market reach, and improve operational efficiency. More importantly, it will help advance PropertyGuru’s strategic initiatives, solidify our position as Southeast Asia’s leading PropTech platform, and drive growth in dynamic markets fueled by urbanisation, middle-class expansion, and digitalisation. Read here: https://lnkd.in/gv-hk8eU

Property Report concludes 2024 with a comprehensive review of the year's key trends. The report covers it all, from generational shifts in property-seeking behaviour to the region's uneven yet promising infrastructure and commercial landscapes. This edition also delves into the resurgence of a prominent figure in Thai politics, the evolving Chinese buyer sentiment, and the growing allure of Bukit Timah in Singapore. The report features expert insights from Ivan Lam of Charter Keck Cramer on the Australian market and showcases Dewan Architects + Engineers' innovative projects in Southwest Asia. To cap off the year, Aki Niseko offers a glimpse into Japan's luxurious world of winter. #PGPropertyReport #realestate #2024recap #recap #magazine

The PropertyGuru Asia Property Awards series invites the most esteemed names in selected real estate markets to the International Luncheon 2024, which will take place on Friday, 13 December 2024, at the luxurious Athenee Hotel, a Luxury Collection Hotel, in Bangkok, Thailand. The luncheon will begin at 11:00 (GMT +7) and serve as the penultimate highlight of PropertyGuru's most prestigious real estate awards programme. The International Luncheon will recognise and celebrate exceptional achievements across various property markets. This year is particularly significant with the debut of the Awards for the Middle East market, a nod to the region's growing influence in global real estate. Additionally, the India and Sri Lanka markets make a welcome return, alongside perennial participants from Cambodia, Japan, Mainland China, Hong Kong, and Macau. Over 50 awards will be presented across three key categories: Design, Development, and Developer Awards. Real estate enthusiasts, agents, and consumers worldwide can join the celebration virtually by tuning into the live stream. The programme will be streaming on the official PropertyGuru Asia Property Awards website, APA Facebook page, and APA YouTube channel. Join us in celebrating this year’s excellence, innovation, and vision in selected real estate markets. #PGPropertyReport #propertyguruasiapropertyawards2024 #internationalluncheon #AsiaPropertyAwards  

The 19th PropertyGuru Asia Property Awards Grand Final is poised to ignite Bangkok on Friday, 13 December 2024. Across 15 distinct property markets, from the bustling shores of Australia to the ancient wonders of Cambodia, the victors from regional competitions will lock horns in a prestigious battle for 70 "Best in" titles. The luxurious Athenee Hotel sets the stage for this glittering gala. Registration starts at 4:00 PM (GMT+7), followed by the red-carpet entrance and the much-anticipated awards presentation at 5:00 PM. Witness the culmination of a year-long quest for excellence as developers, architects, and designers vie for glory across three categories: Developer of the Year: 11 contenders will showcase their visionary leadership and unwavering commitment to quality construction. Development Awards: 40 projects will compete, highlighting the region's most innovative and captivating residential and commercial spaces. Design Awards: 19 finalists will face off in this prestigious category, showcasing their masterful ability to blend aesthetic brilliance with functionality. Invites to the black-tie event at the Athenee Hotel are exclusive for finalists and event partners only. Consumers, real estate agents, and the general public can register to watch the programme on the Asia Property Awards website (/tv-podcast/), APA Facebook page, and APA YouTube channel. #propertyguruasiapropertyawards2024  #AsiaPropertyAwards  #grandfinal

Almost two decades since Thaksin Shinawatra was ousted in a military coup, Thailand’s most divisive dynasty is back in the driving seat—at least for now. The third instalment of the Shinawatra saga saw Thaksin’s daughter, Paetongtarn Shinawatra, stepping into the spotlight after real estate mogul Srettha Thavisin’s abrupt departure from power, following just 358 days as prime minister. This political shake-up couldn’t come at a more crucial time for the real estate sector. Inflation is soaring, properties are piling up in an oversupplied market, and the industry is desperately searching for stability. As Thailand’s political drama intensifies, so too do the questions about the country’s economic future. Will the return of the Shinawatras spark the infrastructure-led growth of the past? Or will populist policies stir uncertainty and rattle investor confidence? “Historically, the Shinawatra family has emphasised infrastructure growth,” says real estate analyst Marciano Birjmohun. “If such priorities are renewed, the real estate sector could benefit from significant upgrades in transportation and regional airport expansions, especially in entertainment complexes and destination developments.” #PGPropertyReport #realestate #thailand #propertymarket #infrastructure 

In recent weeks, city authorities across China have rushed to introduce more favourable terms for homebuyers. At the end of September, Guangzhou lifted all restrictions on home purchases, while Shanghai and Shenzhen relaxed the country’s most restrictive curbs. According to the Party-run newspaper People’s Daily, a total of 60 cities across China introduced new home purchase subsidies in October. These cities included Jingmen, Changde, Yichang, and Dazhou. In Suzhou, downpayment requirements were lowered for first- and second-time homebuyers using loans, and Foshan announced plans to increase maximum mortgage limits. Following a series of measures implemented by both the central government and local administrations, analysts report a rise in housing activity amid a prolonged real estate crisis. However, some experts argue that the recent policy adjustments from Beijing and city governments have not gone far enough. In late September, President Xi Jinping led a Politburo meeting in Beijing to address various economic concerns, concluding with a mandate that the government “must work to halt the real estate market decline and foster stable economic recovery.” #PGPropertyReport #realestate #China #stimulus #propertyinvestment #homebuying #realestatecrisis

While most of Asia has witnessed a growing number of branded residences in their real estate space, Japan has been notably slow on the uptake. What is the reason for the late adoption of a global trend and what is the current state of play? As many countries in Asia experience a flourishing trade in full-ownership vacation homes such as Thailand, Vietnam and Indonesia, Japanese developers were slow on the trigger given the absence of proof of concept in their home markets. Two key developments which put branded residences square on the playing field are the Park Hyatt Hanazono Residences in Niseko by Hong Kong developer PCPD and Malaysian Group Berjaya’s Four Seasons Private Residences Kyoto. Not only were these projects able to sell to Japanese buyers but these also triggered real estate investors from abroad with the lifestyle model. What added fuel to the fire has been an urban model, the Aman Residences Tokyo has ignited the imagination of Japan’s development community. In the wake of that project, there is a wave of other destinations in the country with branded projects from Okinawa to Hakuba and a mounting list of new pipeline entries. #PGPropertyReport #realestate #japan #brandedresidences #lifestyleproperty #propertyinvestment

#PropertyReportArchives: Rarely do outlying areas steal the limelight from the capital when it comes to real estate. But in Malaysia, Selangor is leaving Kuala Lumpur in the shade as it surges ahead with residential demand. 
In 2023, it contributed to nearly 63 percent of total sales, which amounted to 250,586 transactions worth MYR100.93 billion (USD21.3 billion), a year-on-year increase of three and 7.1 percent, respectively, according to Knight Frank Malaysia’s executive director of research Amy Wong. Selangor led the market with 22 percent of those transactions and 30 percent of the value. 
 Selangor’s rising star comes as another second-tier state, Johor, also performs well. Johor was the second-best performing state for residential real estate transactions and value last year, accounting for 16.2 and 18 percent of the total, respectively. #PGPropertyReport #realestate #malaysia #selangor #johor