THE COUNTRY’S LONGEST-RUNNING REAL ESTATE AWARDS PROGRAMME EXPANDS TO OVER 200 CATEGORIES AS PROPERTY MARKET EVOLVES WITH CHANGING CONSUMER PREFERENCES
The 19th edition of the PropertyGuru Thailand Property Awards officially launched today with an expanded selection of categories, meeting the shifting preferences of participants in one of Southeast Asia’s most dynamic property markets.
The 19th Annual PropertyGuru Thailand Property Awards, presented by Mitsubishi Elevator (Thailand), will be celebrated Friday, 20 September 2024 at The Athenee Hotel, a Luxury Collection Hotel, Bangkok. Submissions from the industry and the public are now accepted via asiapropertyawards.com/nominations until 5 July 2024.
Organisers of the Awards led the launch festivities today during the “Connect with Southeast Asia” event at The House on Sathorn,W Bangkok.
Key dates for the 2024 edition:
5 July 2024 – Entries close
15 July-23 August 2024 – Site Inspections
27 August 2024 – Final Judging
20 September 2024 – Gala Dinner and Awards Ceremony in Bangkok, Thailand
13 December 2024 – Regional Grand Final Gala Presentation in Bangkok, Thailand
New categories in 2024
Thailand’s longest-running real estate awards programme has begun its 2024 edition with 226 categories set to honour developers, designers, and developments throughout the kingdom.
The 2024 awards programme include the new ESG awards, recognising excellent real estate enterprises in the fields of sustainable design, sustainable construction, energy efficiency, and social impact.
The 2024 categories also extend recognition to the finest developers in the Thai capital and beyond with new titles such as Best Ultra Luxury Developer (Bangkok); Best Ultra Luxury Developer (Phuket); Best Luxury Developer (Bangkok); Best Luxury Developer (Phuket); Best Mixed Use Developer (Phuket); Best Boutique Developer (Phuket); and Best Mega Mixed Use Developer.
The categories have also been expanded to recognise the finest investment properties, nature-integrated projects, and sales galleries in the country.
Jules Kay, general manager of PropertyGuru Asia Property Awards and Events, said: “The 19th PropertyGuru Thailand Property Awards provide a stage to highlight the reliability, stability, and sustainability of developers, qualities increasingly valued by both Thais and international property seekers in a demanding market. With buyers saving for and preparing to invest only in the country’s best properties, it’s crucial for real estate developers to adapt strategies for recognition and success. The PropertyGuru Thailand Property Awards will proudly celebrate developers who excel amidst today’s challenges in a market that is full of new opportunities.”
Evolving property market
The newly expanded roster of categories comes as the property market adapts to evolving preferences of property seekers throughout the kingdom.
Fuelled by adjustments in the minimum wage and increasing construction costs, home prices in Thailand are on the rise. The Price Index of residential properties increased by 2% YoY in Q4 2023, according to the DDproperty Thailand Property Market Report Q1 2024.
Despite the decline in buying and rental demand, property seekers still expressed an interest in homeownership, with a preference for quality developers and sustainable homes.
According to the DDproperty Thailand Consumer Sentiment Study H1 2024, 43% of Thais intend to buy a property over the next year. Around 88% of Thais are also willing to pay more for a home with eco- and health-friendly features.
When choosing a developer to buy from, most Thais consider quality of interior fittings (48%); portfolio of past projects (46%); and financial stability (46%).
Outstanding developers represent Thailand
Top developers such as Sena Development; Habitat Group Co., Ltd.; and The EM District Co., Ltd. received various titles at the 18th PropertyGuru Thailand Property Awards 2023.
Winning developers such as Andaman Asset Solution; KingBridge Tower Company Limited (Saha Pathana Inter-Holding Public Company Limited); and Phuket9 represented Thailand and garnered the Best in Asia titles at the 18th PropertyGuru Asia Property Awards Grand Final 2023.
Comprising experts from various segments within the property industry, the independent panel of judges guarantees an impartial and transparent judging process, resulting in the selection of finalists and eventual winners. Overseeing the entire selection process is HLB, the global network of independent advisory and accounting firms.
Suphin Mechuchep, chairperson of the Awards in Thailand and CEO, Sen X Group PCL, said: “Join us at the prestigious 19th PropertyGuru Thailand Property Awards as we celebrate the vibrancy and resilience of the real estate industry. As Thailand’s longest-running real estate awards programme, this latest edition reflects confidence in the property sector, bolstered by infrastructure developments and progressive policies that enhance accessibility to exceptional properties. From affordable housing to luxurious estates, we honour outstanding projects across all segments, while recognising companies for their dedication to ESG principles and contributions to the future of Thailand real estate.”
Ms. Suphin accompanied Mr. Kay at today’s launch event in Bangkok along with Kaori Takahashi, managing director, Mitsubishi Elevator (Thailand); Paul Ashburn, co-managing partner, HLB Thailand; and Wittaya Apirakviriya, general manager, DDproperty, Marketplaces (Developer) and Think of Living.
The PropertyGuru Thailand Property Awards are part of the regional PropertyGuru Asia Property Awards series, marking its 19th year in 2024. The series covers key markets across the region, spanning Southeast Asia, East Asia, South Asia, and Oceania, with exclusive gala dinners and ceremonies that represent the most anticipated property events of the year.
Organised by PropertyGuru Group (NYSE:PGRU), the 19th PropertyGuru Thailand Property Awards are supported by platinum sponsor Mitsubishi Elevator (Thailand); official portal partner DDproperty.com; official magazine Property Report by PropertyGuru; official publicity partner Infinity Communications; media partner Think of Living; and official supervisor HLB.
For more information, email [email protected] or visit the official website: AsiaPropertyAwards.com
