Developers, execs gather ahead of 10th PropertyGuru Asia Awards Malaysia in partnership with iProperty

EXCLUSIVE LUNCHEON FOR BUSINESS LEADERS IN MALAYSIA HERALDS ARRIVAL OF GALA CELEBRATION

KUALA LUMPUR, Malaysia — The PropertyGuru Asia Awards Malaysia in partnership with iProperty kicked off the programme’s milestone 10th edition with an intimate gathering for some of the country’s top developers and business leaders.

As the Malaysian economy gears up for recovery and further improvements to the housing market, PropertyGuru Asia Property Awards, in collaboration with PropertyGuru For Business, organised a luncheon on Thursday, 25 May 2023 for C-suite executives and senior industry figures at Sabayon @ EQ, the award-winning, fine-dining rooftop restaurant in downtown Kuala Lumpur.

The luncheon comes ahead of the presentation of the 10th PropertyGuru Asia Awards Malaysia in partnership with iProperty on Friday, 24 November 2023 at The Majestic Hotel Kuala Lumpur, the official venue of the Awards.

Entries to the Awards are accepted via asiapropertyawards.com until Friday, 30 June 2023. An independent panel of judges will provide their unbiased insights during the Live Judging Days set in July 2023.

Key dates for the 2023 edition:
30 June 2023 – Entries Close
24-26 July 2023 – Live Judging Days
14-31 July 2023 – People’s Choice Awards voting period
24 November 2023 – Gala Dinner and Awards Ceremony in Kuala Lumpur, Malaysia
8 December 2023 – Regional Grand Final Gala Presentation in Bangkok, Thailand

This year, the Awards have more than 100 categories at stake, with a wide range of titles segmented by many asset types, pricing segments, and target markets. Prospective competitors can represent a wide range of locations across the country, including Central Malaysia, Southern Malaysia, Northern Malaysia, and East Malaysia.

Consumers and residents in Malaysia will have a chance to vote for their preferred, most trusted developers through the People’s Choice Awards, also set in July 2023. These will honour 10 companies that deliver the Best in Trust, Quality, and Value for Money.

The luncheon drew 45 guests from 30 esteemed companies, including Mah Sing Group which had won Developer of the Year, the highest honour at the 9th PropertyGuru Asia Awards Malaysia in partnership with iProperty in 2022. Representatives from other companies such as Glomac, IJM Corporation, LBS Bina Group, S P Setia, Tan & Tan Developments, and UEM Sunrise were also in attendance.

Speakers included Jules Kay, general manager of PropertyGuru Asia Property Awards and Events, and Sheldon Fernandez, country manager of PropertyGuru Malaysia.

Jules Kay said: “For 10 years, the Awards have served as a reliable gauge for the quality of property development and design on offer in Malaysia. Coming off a high-growth year for the Malaysian economy in 2022, the PropertyGuru Asia Awards Malaysia in partnership with iProperty continues to combine the expertise and network of two leading brands to raise the Gold Standard of real estate in the country. With the help of trusted property experts, we are able to select high-calibre residential, commercial and industrial developments and showcase the best of them to Malaysia’s consumers, agents and investors.”

Sheldon Fernandez said: “We look forward to presenting the recipients of the 10th PropertyGuru Asia Awards Malaysia in partnership with iProperty. We mark a decade of celebrating Malaysia’s finest real estate as the economy benefits from domestic demand, significant infrastructure projects, and rebounding tourist arrivals amid the uncertain global outlook. With economic fundamentals remaining strong despite slower growth, the recipients of the Awards are set to be a showcase of Malaysia’s resilience and global appeal as a property market.

Stability and balance

The gathering comes as market forces in the residential real estate segment seek balance amid global challenges. The Sale Demand and Sale Supply Indices are expected to stabilise in 2023, according to the PropertyGuru Malaysia Property Market Report Q2 2023.

The Sale Demand and Sale Supply Indices track the number of enquiries of all property sale listings and the number of all property sale listings on PropertyGuru Malaysia, respectively.

Supported by labour market recovery and domestic demand expansions, Malaysia’s economy grew by 7% in Q4 2022, with a full-year growth of 8.7%. The impressive rate of recovery had positive repercussions on the residential market, with the National Property Information Centre (NAPIC) recording a 22.3% annual increase in transactions in 2022.  

As with several countries across the region, Malaysia anticipates slower economic recovery in 2023 as it faces external challenges such as weak global growth, high risk aversion in financial markets, and repercussions from geopolitical conflicts. The second half of the year holds promise as the economy takes advantage of China’s reopening, which could come to the aid of tourist arrival numbers and reduce supply chain disruptions, according to the PropertyGuru Malaysia Property Market Report Q1 2023.

Newly elected chairperson

Thought leaders and experts, spanning fields from real estate consultancy to architecture, have joined forces, forming a panel of judges who will take part in the selection process of the awardees. In 2023, Datuk Ar. Ezumi Harzani Ismail, president of the Malaysian Institute of Architects: 2020-2022, has been elected chairperson of the independent panel of judges. He succeeds Dato’ Sr Lau Wai Seang, president of the Royal Institution of Surveyors Malaysia (RISM): 2017-2018, who remains on the panel.

Datuk Ar. Ezumi Harzani Ismail said: “I am so pleased to lead the independent panel of judges of the Awards in Malaysia as the programme recognises the finest real estate in the country for the 10th year running. Along with the independent panel of judges, I join Malaysia’s consumers in helping reward the achievements of the real estate sector and moving the recovering economy towards progress and prosperity. With this year’s entrants and competitors, we will raise the bar of design and development together in Malaysia.”

Supervised by HLB, the global network of independent advisory and accounting firms, the Awards programme makes full use of a professionally run judging system, with an established reputation for fairness and credibility.

Best in Asia from Malaysia

Main winners from the PropertyGuru Asia Awards Malaysia in partnership with iProperty will qualify to compete for regional accolades at the 18th PropertyGuru Asia Property Awards Grand Final 2023 in Bangkok, Thailand on 8 December.

Several ‘Best in Asia’ honours were given to projects in Malaysia at the 17th PropertyGuru Asia Property Awards Grand Final 2022. KL Wellness City by KL Wellness City Sdn Bhd was named Best Mixed Use Development (Asia) while Infinity8 Reserve JBCC by Infinity Group won Best Co-Working Space (Asia).

Established in 2005, the PropertyGuru Asia Property Awards continue to reward high-calibre work within the industry, encompassing property development, construction, architecture, interior design, and sustainable building practices. The series initially covered Southeast Asia and has expanded over the years to include the region’s dynamic property markets, including Australia, China, Greater Niseko in Japan, and India. 

Organised by PropertyGuru Group (NYSE: PGRU), Southeast Asia’s leading property technology company, the 10th PropertyGuru Asia Awards Malaysia in partnership with iProperty are supported by official portal partners PropertyGuru.com.my and iProperty.com.my; official venue The Majestic Hotel Kuala Lumpur; official magazine Property Report by PropertyGuru; media partners BERNAMA, Kopi and Property, Niaga Times, Penang Property Talk, The Grid Asia, The Malaysia Voice, and Top 10 Malaysia; supporting association REHDA Institute; and official supervisor HLB.

PropertyGuru For Business is a new brand from PropertyGuru Group, dedicated to empowering businesses through a unified suite of proprietary solutions to enterprise customers in all its markets. A destination for every developer and business partner’s needs, PropertyGuru For Business has a host of enterprise solutions, including a high-quality developer sales enablement platform, FastKey, DataSense, ValueNet, Awards, events, and publications across Asia.

For more information, please visit www.propertyguruforbusiness.com.

 

–END–NOTE: Use of the PropertyGuru logo is limited to the publication of this article only.

PROPERTYGURU CONTACTS:

General Enquiries:
Richard Allan Aquino, Head of Brand & Marketing Services
M: +66 92 954 4154
E: [email protected]   

Media & Partnerships:
Nate Dacua, Media Relations & Marketing Services Manager
M: +66 92 701 2519
E: [email protected]

Sponsorships:
Kanittha Srithongsuk, Regional Manager, Awards Sponsorship
M: +66 93 293 9794
E: [email protected]

Sales & Nominations:
Samuel Poon, Asst. Manager (Malaysia & China) – Awards
M: +60 16 411 4361
E: [email protected]

 

ABOUT PROPERTYGURU ASIA PROPERTY AWARDS: 
PropertyGuru’s Asia Property Awards, established in 2005, are the region’s most exclusive and prestigious real estate awards programme. The Asia Property Awards are recognised as the ultimate hallmark of excellence in the Asian property sector. Boasting an independent panel of industry experts and trusted supervisors, the Awards have an unparalleled reputation for being credible, ethical, fair and transparent.  

 

In 2023, the Awards series is open to more than a dozen key property markets around the region. The exciting gala events welcome senior industry leaders and top media, as well as reach property agents and consumers via live streaming. Recognising excellence within each Asian market with a variety of categories, including green and sustainable development, each local awards programme will culminate in the PropertyGuru Asia Property Awards Grand Final, which takes place after the PropertyGuru Asia Real Estate Summit during ‘PropertyGuru Week’ in December 2023.  

For more information, please visit AsiaPropertyAwards.com 

 

ABOUT PROPERTYGURU GROUP:
PropertyGuru is Southeast Asia’s leading1 PropTech company, and the preferred destination for over 41 million property seekers2 to connect with more than 63,000 agents3 monthly to find their dream home. PropertyGuru empowers property seekers with more than 3.2 million real estate listings4, in-depth insights, and solutions that enable them to make confident property decisions across Singapore, Malaysia, Thailand, Indonesia, and Vietnam.

PropertyGuru.com.sg was launched in Singapore in 2007 and since then PropertyGuru Group has made the property journey a transparent one for property seekers in Southeast Asia. In the last 15 years, PropertyGuru has grown into a high-growth PropTech company with a robust portfolio of leading property marketplaces across its core markets; award-winning mobile apps; mortgage marketplace, PropertyGuru Finance; and a host of enterprise solutions now under PropertyGuru For Business, including a high-quality developer sales enablement platform, FastKey, DataSense, ValueNet, Awards, events, and publications across Asia.  

For more information, please visit: PropertyGuruGroup.com; PropertyGuru Group on LinkedIn.

1 Based on SimilarWeb data between July 2022 and December 2022.

2 Based on Google Analytics data between July 2022 and December 2022.

3 Based on data between July 2022 and December 2022.

4 Based on SimilarWeb data between July 2022 and December 2022.

The 5th PropertyGuru Asia Property Awards (Greater Niseko) 2023 celebrate popularity of Japan’s alpine market

Domestic and international investors seek opportunities in increasingly connected, expanding property market

BANGKOK, Thailand — Organisers of the PropertyGuru Asia Property Awards have opened the call for entries for Greater Niseko at an opportune time for the world-renowned Japanese holiday property market.

The 5th PropertyGuru Asia Property Awards (Greater Niseko) are now accepting entries ahead of their presentation on Friday, 8 December 2023. The awards will be announced on an international stage at The Athenee Hotel, a Luxury Collection Hotel, Bangkok in Thailand, where the best of the best in the region’s real estate will gather to celebrate industry excellence. Submissions are accepted online via: asiapropertyawards.com/

The emergence of increasingly upscale communities and easy access for Asian tourists and second-home buyers continue to contribute to Niseko’s ascent, according to research from Property Report by PropertyGuru, the official magazine of the Awards.

With significant infrastructure developments in the pipeline, including a bullet-train route from Tokyo and a new regional highway, as well as a bid to host the 2030 Winter Olympics, Greater Niseko is bound for greater prominence in the coming years. While foreign families and individual investors continue to be the primary property buyers in the area, Greater Niseko is seeing renewed interest from Japanese individual and corporate buyers, many of whom are increasingly drawn to the area’s emerging enclaves.

Jules Kay, general manager of PropertyGuru Asia Property Awards and Events, said: “With its world-class hotels and hospitality projects, Greater Niseko continues to be a significant player in Asia’s property landscape, capturing the attention of investors, as well as the judges for the PropertyGuru Asia Property Awards. As cross-border travel resumes in Japan, we eagerly anticipate the rebound of tourism in Greater Niseko, and are pleased to recognise and award the development and design firms that are revitalising one of the world’s premier ski resort destinations.”

Key dates for the 2023 edition:
15 September 2023 – Entries Close
2-13 October 2023 – Site Inspections
18 October 2023 – Final Judging

8 December 2023 – Gala Event and Awards Ceremony in Bangkok, Thailand
8 December 2023 – Regional Grand Final Gala Presentation in Bangkok, Thailand

The public is encouraged to submit their nominations before the deadline of entries on 15 September 2023 here: asiapropertyawards.com/nominations

New chairperson elected

Experts in real estate consultancy, design, and other fields have been assembled to form a panel of judges who will participate in a fair, transparent process of selecting the award recipients. This year, Eddie Guillemette, CEO of Midori no Ki (MnK), will serve as the new chairperson of the independent panel of judges, succeeding Bill Barnett, founder and managing director of C9 Hotelworks, who will remain on the panel.

Eddie Guillemette said: “I’m delighted to announce the resumption of the search for outstanding developments, companies, and design practices in Greater Niseko through the PropertyGuru Asia Property Awards, in collaboration with an esteemed panel of independent judges. With the revitalisation of Japan’s tourism sector and its close association with the real estate industry, we hold a positive outlook for the Greater Niseko property market this year.”

Bill Barnett said: “Niseko is Asia’s leading alpine real estate market and on the cusp of even greater things with a pipeline of international hotel brands such as Six Senses and Capella adding traction to the branded residences sector. We are optimistic of a significant market uplift this year based on very strong fundamentals.”

The nominees shortlisted by the judges will be able to showcase their companies and projects to a wide network of property seekers, real estate agents, banks and valuers, and enterprises served by PropertyGuru Group (NYSE: PGRU), Southeast Asia’s leading property technology company.

Supervised by HLB, the global network of independent advisory and accounting firms, the awards programme makes full use of a professionally run judging system, with an established reputation for credibility and integrity.

Representation for Greater Niseko

Main winners of the PropertyGuru Asia Property Awards (Greater Niseko) will qualify to compete with the region’s best at the 18th PropertyGuru Asia Property Awards Grand Final, which will also be held in Bangkok, Thailand on 8 December 2023.

Greater Niseko was represented last year at the 17th PropertyGuru Asia Property Awards Grand Final with Andaru Collection Niseko by Blue Waves Group winning both the Best Completed Housing/Landed Development (Asia) and Best Housing/Landed Interior Design (Asia) awards. Also representing Greater Niseko, HakuVillas by H2 Group won the Best Completed Condo Development (Asia) award.

Established in 2005, the PropertyGuru Asia Property Awards continue to reward high-calibre work within the industry, encompassing property development, construction, architecture, interior design, and sustainable building practices. The series initially covered Southeast Asia and has expanded over the years to include the region’s dynamic property markets, including Australia, China, and India.

Organised by PropertyGuru Group, the 5th PropertyGuru Asia Property Awards (Greater Niseko) are supported by official magazine Property Report by PropertyGuru; media partner Powderlife; supporting association Niseko Tourism; and official supervisor HLB.

For more information, email [email protected] or visit the official website: AsiaPropertyAwards.com.

 

–END–

 

NOTE: Use of the PropertyGuru Asia Property Awards logo is limited to the publication of this article only.

PROPERTYGURU CONTACTS:

General Enquiries:
Richard Allan Aquino, Head of Brand & Marketing Services
M: +66 92 954 4154
E: [email protected]   

Media & Partnerships:

Piyachanok Raungpaka, Media Relations & Marketing Services Executive
M: +66 94 887 5163
E: [email protected]    

Sponsorships:
Kanittha Srithongsuk, Regional Manager, Awards Sponsorship
M: +66 93 293 9794
E: [email protected]

Sales & Nominations:

Nyan Zaw Aung (Jordan), Solutions Manager

M: +66 964 575088

E: [email protected]

 

ABOUT PROPERTYGURU ASIA PROPERTY AWARDS:
PropertyGuru’s Asia Property Awards, established in 2005, are the region’s most exclusive and prestigious real estate awards programme. The Asia Property Awards are recognised as the ultimate hallmark of excellence in the Asian property sector. Boasting an independent panel of industry experts and trusted supervisors, the Awards have an unparalleled reputation for being credible, ethical, fair and transparent. 

In 2023, the Awards series is open to more than a dozen key property markets around the region. The exciting gala events welcome senior industry leaders and top media, as well as reach property agents and consumers via live streaming. Recognising excellence within each Asian market with a variety of categories, including green and sustainable development, each local awards programme will culminate in the PropertyGuru Asia Property Awards Grand Final, which takes place after the PropertyGuru Asia Real Estate Summit during ‘PropertyGuru Week’ in December 2023. 

For more information, please visit AsiaPropertyAwards.com

 

ABOUT PROPERTYGURU GROUP:
PropertyGuru is Southeast Asia’s leading1 PropTech company, and the preferred destination for over 41 million property seekers2 to connect with more than 63,000 agents3 monthly to find their dream home. PropertyGuru empowers property seekers with more than 3.2 million real estate listings4, in-depth insights, and solutions that enable them to make confident property decisions across Singapore, Malaysia, Thailand, Indonesia, and Vietnam.

PropertyGuru.com.sg was launched in Singapore in 2007 and since then PropertyGuru Group has made the property journey a transparent one for property seekers in Southeast Asia. In the last 15 years, PropertyGuru has grown into a high-growth PropTech company with a robust portfolio of leading property marketplaces across its core markets; award-winning mobile apps; mortgage marketplace, PropertyGuru Finance; and a host of enterprise solutions now under PropertyGuru For Business, including a high-quality developer sales enablement platform, FastKey, DataSense, ValueNet, Awards, events and publications across Asia.  

For more information, please visit: PropertyGuruGroup.com; PropertyGuru Group on LinkedIn.

1 Based on SimilarWeb data between July 2022 and December 2022.

2 Based on Google Analytics data between July 2022 and December 2022.

3 Based on data between July 2022 and December 2022.

4 Based on SimilarWeb data between July 2022 and December 2022.

PropertyGuru Reports First Quarter 2023 Results

Revenues Grew 16% Year Over Year in the First Quarter and Adjusted EBITDA was Positive

  • Total revenues grew 16% to S$33 million in the first quarter 2023, with over 25% year over year growth in every segment except Vietnam
  • The Company reaffirms its full year 2023 outlook for revenue of S$160 million to S$170 million and Adjusted EBITDA of S$11 million to S$15 million

Singapore – May 24, 2023 – PropertyGuru Group Limited (NYSE: PGRU) (“PropertyGuru” or the “Company”), Southeast Asia’s leading1, property technology (“PropTech”) company, today announced financial results for the quarter ended March 31, 2023. Revenue of S$33 million in the first quarter 2023 increased 16% year over year. Net loss was S$10 million in the first quarter and Adjusted EBITDA2was a positive S$0.2 million. This compares to a net loss of S$120 million3 and a positive Adjusted EBITDA of S$0.5 million in the first quarter of 2022.

Management Commentary

Hari V. Krishnan, Chief Executive Officer and Managing Director, said “Our first quarter results are a successful start to 2023.  As expected, performance in Singapore and Malaysia helped offset the challenging market conditions in Vietnam. In Singapore, our solutions performed well, effectively monetizing the strong sales market as well as taking advantage of rising rental rates. Malaysia continues to benefit from newly launched products and further execution of our dual brand strategy. Vietnam remains the primary challenge in the near-term, as governmental monetary policy has significantly impacted real estate transaction activity. We believe that these pressures will begin to abate in the latter part of 2023 and into 2024. We continue to proactively manage our operations to maximize performance while laying the groundwork to take advantage when the Vietnam real estate market recovers. In all of our markets, we are often reminded that the value of PropertyGuru solutions for our customers can be more visible when the property cycle transitions and macro-economic pressures intensify.

As we move into the middle of 2023, we remain positive in both our ability to deliver essential, differentiated property solutions to our agent and enterprise customers as well as the long-term health and opportunity that is characteristic of our Southeast Asian property markets. In the following quarters, we will be focused on helping consumers find, finance, and own their homes.  We continue to be excited about the fundamental opportunities available in the markets we operate in.”

Joe Dische, Chief Financial Officer, added “We are pleased with the 16% year over year revenue growth in the first quarter of 2023. The year has started off strongly despite the anticipated challenges in Vietnam due to monetary policy actions by the government in a targeted effort to cool real estate market activity. Given macro uncertainty, we continue to keep a close eye on costs, especially with respect to discretionary spending. Our Adjusted EBITDA this quarter was in-line with the first quarter of 2022 despite the inclusion of a full quarter of costs associated with being a listed entity. We remain confident in the underlying strength of our offerings and the opportunities in the Southeast Asian property markets. As a result, we are reaffirming our 2023 full year financial outlook for both revenue and Adjusted EBITDA. Lastly, we are encouraged by the types of strategic M&A opportunities we are seeing in the marketplace as we continue to explore and evaluate adjacent opportunities to deploy available capital.”

Financial Highlights – First Quarter 2023

  • Total revenues increased 16% year over year to S$33 million in the first quarter.
  • Marketplaces revenues increased 15% year over year to S$31 million in the first quarter, as continued strength in Singapore and Malaysia offset challenges in the Vietnam market due to governmental restrictions on credit.
  • Revenue by segments:
    • Singapore Marketplaces revenue increased 26% year over year to S$19 million, as the number of overall agents and the Average Revenue Per Agent (“ARPA”) grew in the quarter. Quarterly ARPA was up 19% in the first quarter to S$1,124 as compared to the prior year quarter and the number of overall agents in Singapore was up over 200 from year-end 2022 to 15,765 agents. The renewal rate was 79% in the quarter.
    • Malaysia Marketplaces revenue increased 26% year over year to S$7 million, as the Company continues to leverage our two market leading brands (iProperty and PropertyGuru).
    • Vietnam Marketplaces revenue decreased 34% year over year to S$3 million, as governmental actions to tighten credit continue to impact the overall number of listings in the market. The number of listings was down 32% to 1.1 million in the first quarter as compared to the prior year quarter. The average revenue per listing (“ARPL”) was S$2.95, in-line with the first quarter of 2022.
  • At quarter-end, cash and cash equivalents were S$294 million.

Information regarding our operating segments is presented below. It is noted that in 2023 the Company is no longer removing the ongoing cost of being a listed entity when calculating Adjusted EBITDA. As such, the 2022 comparative has been restated.

*Corporate consists of headquarters costs, which are not allocated to the segments. Headquarters costs are costs of PropertyGuru’s personnel that are based predominantly in its Singapore headquarters and certain key personnel in Malaysia and Thailand, and that service PropertyGuru’s group as a whole, consisting of its executive officers and its group marketing, technology, product, human resources, finance and operations teams, as well as platform IT costs (hosting, licensing, domain fees), workplace facilities costs, corporate public relations retainer costs and professional fees such as audit, legal and consultant fees. The cost of being a listed entity is also included.

Strong Category Leadership Drives Long-Term Growth Opportunities

As of March 31, 2023, PropertyGuru continued its Engagement Market Share4 leadership in Singapore, Vietnam, Malaysia, and Thailand.

Singapore: 82% – 5.6x the closest peer                Thailand: 54% – 2.2x the closest peer

Vietnam: 83% – 5.1x the closest peer                    Indonesia: 26% – 0.4x the closest peer

Malaysia: 93% – 13.9x the closest peer

Full Year 2023 Outlook

The Company reaffirms its full year 2023 outlook of revenues between S$160 million and S$170 million and Adjusted EBITDA between S$11 million and S$15 million.

In the short term, the Company may be impacted by several factors outside of its control. These factors include actions by the government of Vietnam to rein in the availability of consumer credit, residual political uncertainty in Malaysia, property taxation and stamp duty increases in Singapore as a mechanism for prioritizing affordable home ownership for Singaporeans, a lack of clarity in global fiscal policy stemming from rising interest rates, greater inflationary pressures, and global supply chain issues. Longer-term, the Company remains bullish on its growth trajectory, prospects for improving profitability, and the fundamental opportunity that exists in our core markets.

Conference Call and Webcast Details

The Company will host a conference call and webcast on Wednesday, May 24, 2023, at 8:00 a.m. Eastern Standard Time / 8:00 p.m. Singapore Standard Time to discuss the Company’s financial results for the first quarter of 2023 and full year 2023 outlook. The PropertyGuru (NYSE: PGRU) Q1 2023 Earnings call can be accessed by registering at:

https://propertyguru.zoom.us/webinar/register/WN_TlifVd2DS4SqGghTyijfvw

An archived version will be available on the Company’s Investor Relations website after the call at https://investors.propertygurugroup.com/news-and-events/events-and-presentations/default.aspx

About PropertyGuru Group

PropertyGuru is Southeast Asia’s leading1 PropTech company, and the preferred destination for over 37 million property seekers5 to connect with almost 60,000 agents6 monthly to find their dream home. PropertyGuru empowers property seekers with more than 2.9 million real estate listings7, in-depth insights, and solutions that enable them to make confident property decisions across Singapore, Malaysia, Thailand, Indonesia, and Vietnam.

PropertyGuru.com.sg was launched in Singapore in 2007 and since then, PropertyGuru Group has made the property journey a transparent one for property seekers in Southeast Asia. In the last 15 years, PropertyGuru has grown into a high-growth PropTech company with a robust portfolio including leading property marketplaces and award-winning mobile apps across its core markets; mortgage marketplace, PropertyGuru Finance; home services platform, Sendhelper; a host of proprietary enterprise solutions under PropertyGuru For Business including DataSense, ValueNet, Awards, events and publications across Asia.

For more information, please visit: PropertyGuruGroup.com; PropertyGuru Group on LinkedIn.

1 Based on SimilarWeb data between October 2022 and March 2023.

2 Included in the S$10 million of adjustments between net loss and Adjusted EBITDA in the first quarter of 2023 was a S$6 million depreciation and amortization expense.

3 Included in the S$121 million of adjustments between net loss and Adjusted EBITDA in the first quarter of 2022 were a S$105 million share listing expense, S$18 million of legal and professional expenses for the IPO, a S$5 million depreciation and amortization expense, and S$11 million in positive changes in the fair value of securities.

4 Based on SimilarWeb data between October 2022 and March 2023.

5 Based on Google Analytics data between October 2022 and March 2023.

6 Based on data between January 2023 and March 2023.

7 Based on data between October 2022 and March 2023.

8 Certain amounts in the prior year have been adjusted to conform to the current year presentation.

Contact Information:

Media
PropertyGuru Group
Sheena Chopra
+65 9247 5651
[email protected]
Investor
PropertyGuru Group
Nat Otis
+1 860 906 7860
[email protected]

Key Performance Metrics and Non-IFRS Financial Measures

Our priority markets comprise Singapore, Vietnam, Malaysia and Thailand. Our core markets comprise Singapore, Vietnam, Malaysia, Thailand and Indonesia.

Engagement Market Share is the average monthly engagement for websites owned by PropertyGuru as compared to average monthly engagement for a basket of peers calculated over the relevant period. Engagement is calculated as the number of visits to a website during a period multiplied by the total amount of time spent on that website for the same period, in each case based on data from SimilarWeb. Engagement Market Share is based on the prevailing SimilarWeb algorithm on the date the Company first filed or furnished such information to the U.S. Securities and Exchange Commission (“SEC”).

Number of agents in all core markets except Vietnam is calculated for a period as the sum of the number of agents with a valid 12-month subscription package at the end of each month in a period divided by the number of months in such period. In Vietnam, number of agents is calculated as the average monthly number of agents who credit money into their account within the relevant period. When counting in aggregate across the PropertyGuru group, in markets where PropertyGuru operates more than one property portal, an agent with subscriptions to more than one portal is only counted once.

Number of real estate listings is calculated as the average number of listings created monthly during the period for Vietnam and the average number of monthly listings available in the period for other markets.

Average revenue per agent (“ARPA”) is calculated as agent revenue for a period divided by the average number of agents in that period, which is calculated as the sum of the number of total agents at the end of each month in a period divided by the number of months in such period.

Number of listings in Vietnam is calculated as the sum of all listings created in each month over the relevant period (other than listings from promotional accounts). Number of listings is used to calculate average revenue per listing, which is described below.

Average revenue per listing (“ARPL”) is calculated as revenue for a period divided by the number of listings in such period.

Renewal rate is calculated as the number of agents that successfully renew their annual package during a period divided by the number of agents whose packages are up for renewal (at the end of their twelve-month subscription) during that period.

This press release also includes references to non-IFRS financial measures, namely Adjusted EBITDA and Adjusted EBITDA Margin. PropertyGuru uses these measures, collectively, to evaluate ongoing operations and for internal planning and forecasting purposes. PropertyGuru believes that non-IFRS information, when taken collectively, may be helpful to investors because it provides consistency and comparability with past financial performance and may assist in comparisons with other companies to the extent that such other companies use similar non-IFRS measures to supplement their IFRS or GAAP results. These non-IFRS measures are presented for supplemental informational purposes only and should not be considered a substitute for financial information presented in accordance with IFRS, and may be different from similarly titled non-IFRS measures used by other companies. Accordingly, non-IFRS measures have limitations as analytical tools, and should not be considered in isolation or as substitutes for analysis of other IFRS financial measures, such as net loss and loss before income tax.

Adjusted EBITDA is a non-IFRS financial measure defined as net profit/loss for year/period adjusted for changes in fair value of preferred shares, warrant liability and embedded derivatives, finance costs, depreciation and amortization, tax expenses or credits, impairments when the impairment is the result of an isolated, non-recurring event, share grant and option expenses, loss on disposal of plant and equipment and intangible assets, currency translation profit or loss, fair value profit or loss on lease modifications and contingent consideration, business acquisition transaction and integration cost (including contingent consideration), the cost of listing or IPO activities.

Adjusted EBITDA Margin is defined as Adjusted EBITDA as a percentage of revenue.

A reconciliation of net loss to Adjusted EBITDA is provided as follows. It is noted that in 2023 the Company is no longer removing the ongoing cost of being a listed entity when calculating Adjusted EBITDA. As such, the 2022 comparative has been restated.

Forward-Looking Statements

Forward-looking statements in this press release, which are not historical facts, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1955. These statements include statements regarding our future results of operations and financial position, planned products and services, business strategy and plans, objectives of management for future operations of PropertyGuru, market size and growth opportunities, competitive position and technological and market trends and involve known and unknown risks that are difficult to predict. As a result, our actual results, performance or achievements may differ materially from those expressed or implied by these forward-looking statements. In some cases, you can identify forward-looking statements because they contain words such as “may,” “will,” “shall,” “should,” “expects,” “plans,” “anticipates,” “could,” “intends,” “target,” “projects,” “contemplates,” “believes,” “estimates,” “predicts,” “potential,” “goal,” “objective,” “seeks,” or “continue” or the negative of these words or other similar terms or expressions that concern our expectations, strategy, plans, or intentions. Such forward-looking statements are necessarily based upon estimates and assumptions that, while considered reasonable by us and our management, are inherently uncertain. Factors that may cause actual results to differ materially from current expectations include, but are not limited to: changes in domestic and foreign business, market, financial, political and legal conditions; competitive pressures in and any disruption to the industry in which PropertyGuru and its subsidiaries (the “Group”) operates; the Group’s ability to achieve profitability despite a history of losses; the Group’s ability to implement its growth strategies and manage its growth; customers of the Group continuing to make valuable contributions to its platform; the Group’s ability to meet consumer expectations; the success of the Group’s new product or service offerings; the Group’s ability to produce accurate forecasts of its operating and financial results; the Group’s ability to attract traffic to its websites; the Group’s ability to assess property values accurately; the Group’s internal controls; the impact of rising inflation and interest rates on the Group’s business, real estate markets and the economy in general; the impact of government and regulatory policies on real estate or credit markets in the countries in which the Group operates; fluctuations in foreign currency exchange rates; the Group’s ability to raise capital; media coverage of the Group; the Group’s ability to obtain insurance coverage; changes in the regulatory environments (such as anti-trust laws, foreign ownership restrictions and tax regimes) of the countries in which the Group operates; general economic conditions in the countries in which the Group operates; political instability in the jurisdictions in which the Group operates; political unrest, terrorist activities and other geopolitical risks, including the ongoing military action between Russia and Ukraine; the Group’s ability to attract and retain management and skilled employees; the impact of the COVID-19 pandemic on the business of the Group; the Group’s ability to integrate newly acquired businesses or companies and the success of the Group’s strategic investments and acquisitions; changes in the Group’s relationship with its current customers, suppliers and service providers; disruptions to information technology systems and networks; the Group’s ability to grow and protect its brand and the Group’s reputation; the Group’s ability to protect its intellectual property; changes in regulation and other contingencies; the Group’s ability to achieve tax efficiencies of its corporate structure and intercompany arrangements; potential and future litigation that the Group may be involved in; unanticipated losses, write-downs or write-offs; restructuring and impairment or other charges, taxes or other liabilities that may be incurred or required subsequent to, or in connection with, the consummation of the Group’s completed business combination; technological advancements in the Group’s industry; and other risks discussed in our filings with the SEC.

All forward-looking statements attributable to us or persons acting on our behalf are expressly qualified in their entirety by the cautionary statements set forth above. We caution you not to place undue reliance on any forward-looking statements, which are made only as of the date of this press release. We do not undertake or assume any obligation to update publicly any of these forward-looking statements to reflect actual results, new information or future events, changes in assumptions or changes in other factors affecting forward-looking statements, except to the extent required by applicable law. If we update one or more forward-looking statements, no inference should be drawn that we will make additional updates with respect to those or other forward-looking statements. The inclusion of any statement in this press release does not constitute an admission by PropertyGuru or any other person that the events or circumstances described in such statement are material. Undue reliance should not be placed upon the forward-looking statements.

Industry and Market Data

This press release contains information, estimates and other statistical data derived from third party sources and/or industry or general publications, including estimated insights from SimilarWeb and Google Analytics. Such information involves a number of assumptions and limitations, and you are cautioned not to place undue weight on such estimates. PropertyGuru has not independently verified such third-party information, and makes no representation as to the accuracy of such third-party information. 

PROPERTYGURU GROUP LIMITED AND ITS SUBSIDIARIES UNAUDITED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS

PROPERTYGURU GROUP LIMITED AND ITS SUBSIDIARIES UNAUDITED CONDSOLIDATED BALANCE SHEETS

PROPERTYGURU GROUP LIMITED AND ITS SUBSIDIARIES UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS

 

Opportunities await foreign investors with new law: PropertyGuru Indonesia CEO & Leaders Forum 2023

INDONESIA’S OMNIBUS LAW ON JOB CREATION IS EXPECTED TO EASE REAL ESTATE OWNERSHIP RULES FOR FOREIGNERS

JAKARTA, Indonesia — New opportunities may arise due to the relaxation of recent policies on property ownership rules for foreigners in Indonesia, which underpinned the timely panel discussion at the PropertyGuru Indonesia CEO & Leaders Forum held on 16 May 2023 at the Langham Jakarta.

The high-level forum was attended by top industry and government leaders, and was organised by Rumah.com, Indonesia’s leading property portal, in collaboration with PropertyGuru For Business and PropertyGuru Asia Property Awards.

Indonesia braces for positive impact from the Omnibus Law on Job Creation, which passed in March 2023. The law aims to generate jobs, attract foreign and domestic investment, and stimulate the economy.

The discussion on the new law at the Indonesia CEO & Leaders Forum precedes the 9th PropertyGuru Indonesia Property Awards gala celebration, which recognises and highlights the achievements of the country’s finest real estate developers, including the companies behind its major industrial developments, on an international platform.

Speakers at the forum included Marine Novita, country manager of Rumah.com, who acted as moderator. She was joined by Ely Baharini, head of Regulation and Legislation Division, Central Board of Association of Land Deed Officials/PP IPPAT; Ignesjz Kemalawarta, deputy head of DPP REI for Property Rules and Regulations; Suyus Windayana, director general of Land Rights Determination and Registration (PHPT) at the Ministry of Agrarian and Spatial Planning (ATR BPN); and Winston Lee, director of Special Projects at PropertyGuru Group. The forum opened with special welcome messages from Paulus Totok Lusida, chairman of Real Estate Indonesia (REI) Real Estate Association of Indonesia, and Jules Kay, general manager of PropertyGuru Asia Property Awards and Events.

Among the many provisions of the 2023 Omnibus Law are the relaxed guidelines for the hiring of foreign labour and the taxation of foreign nationals who earn income abroad, which could act as stimulus for property ownership. The law is also expected to aid in the recovery of the tourism sector and the rebounding number of tourist arrivals in Indonesia.

Indonesia continues to receive an influx of foreign investment, with several multinational companies recently establishing manufacturing and industrial plants in the country, according to research from Property Report by PropertyGuru, the official magazine of the Awards.

According to the Rumah.com Property Market Report Q2 2023, all indicators suggested recovery from year-end seasonality throughout Q1 2023. The demand for apartments stands out, growing 15% quarter-on-quarter—better than landed housing, amid stagnant growth in price compared to Greater Jakarta regions.

Marine Novita said: “Indonesia is entering the post-pandemic world with well-earned confidence. The country has proven to be resilient when facing turbulence in 2022. We have a young, optimistic demography equipped with legal and institutional reformation throughout Joko Widodo’s era. The Omnibus Law, introduced in 2021, covers a lot of easing for investment and at the same time provides much-needed assurance. As we approach the election year, Indonesians are experiencing and celebrating a considerable number of new infrastructure developments, the change of the capital city, and new means of mobility in day-to-day life. We are ready and enthusiastic to enjoy this new lifestyle and offerings from innovative developers.”

Searches for residential properties priced above IDR1 billion continue to increase, signifying that consumer purchasing power in the country is still maintained, according to the Indonesia Property Market Report Q1 2023 released by Rumah.com. The site’s residential property price and supply indices registered moderate annual increases of 5.8% and 6.8%, respectively, in the fourth quarter of 2022.

Bob Koppes, director of strategy for Data and Software Solutions at PropertyGuru Group, who made a special presentation at the forum, added: “Utilising our consumer demand, supply and pricing data to derive actionable insights is incredibly powerful for the Indonesian property market as it, among other things, allows developers to optimise advertising targeting and more effectively promote to local and international property buyers.”

In support of achievers in Indonesia’s dynamic real estate market, the exclusive gala dinner and ceremony of the annual PropertyGuru Indonesia Property Awards will be held at The Ritz-Carlton Jakarta, Pacific Place, the official venue of the Awards, on Friday, 15 September 2023. Eligible entries are accepted online until 7 July 2023 via asiapropertyawards.com/

Vivin Harsanto said in a statement: “Indonesia’s property market remains resilient, and the lifting of social restrictions has further fuelled an uptick in market activity. This is propelled by positive demand for landed homes from end users and a healthy appetite for modern warehouses from third-party logistics and FMCG. The real estate industry is also benefiting from expanding toll road networks and transport infrastructure projects. Against this positive backdrop, we are very excited about the 9th PropertyGuru Indonesia Property Awards as we are seeing property seekers in the country become more knowledgeable in choosing products and projects, and reputable and award-winning developers tend be on their shortlist.”

Jules Kay said: “We have seen the property market in Indonesia diversify extensively in the eight years that we have held the gala celebration here. We are proud to recognise the Indonesian real estate sector’s towering achievements and showcase them to an international audience.”

Organised by PropertyGuru Group, the 9th PropertyGuru Indonesia Property Awards programme is supported by platinum sponsor Kohler; official venue The Ritz-Carlton Jakarta, Pacific Place; official portal partner Rumah.com; official magazine Property Report by PropertyGuru; official publicity partner Publicom Communications; media partners Detik Finance, Kompas, and Top 10 Indonesia; and official supervisor HLB.

PropertyGuru For Business is a new brand from PropertyGuru Group, dedicated to empowering businesses through a unified suite of proprietary solutions to enterprise customers in all its markets. A destination for every developer and business partner’s needs, PropertyGuru For Business has a host of enterprise solutions, including a high-quality developer sales enablement platform, FastKey, DataSense, ValueNet, Awards, events, and publications across Asia. 

For more information, please visit www.propertyguruforbusiness.com.

 

–END–

 

NOTE: Use of the PropertyGuru logo is limited to the publication of this article only.

PROPERTYGURU CONTACTS:

General Enquiries:
Richard Allan Aquino, Head of Brand & Marketing Services
M: +66 92 954 4154
E: [email protected]   

Media & Partnerships:
Nate Dacua, Media Relations & Marketing Services Manager
M: +66 92 701 2519

E: [email protected]

Sponsorships:
Kanittha Srithongsuk, Regional Manager, Awards Sponsorship
M: +66 93 293 9794
E: [email protected]

Sales & Nominations:

Wulan Putri, Senior Account Manager

M: +62 8567512877

E: [email protected]

 

ABOUT PROPERTYGURU GROUP:
PropertyGuru is Southeast Asia’s leading1 PropTech company, and the preferred destination for over 41 million property seekers2 to connect with more than 63,000 agents3 monthly to find their dream home. PropertyGuru empowers property seekers with more than 3.2 million real estate listings4, in-depth insights, and solutions that enable them to make confident property decisions across Singapore, Malaysia, Thailand, Indonesia, and Vietnam.

PropertyGuru.com.sg was launched in Singapore in 2007 and since then PropertyGuru Group has made the property journey a transparent one for property seekers in Southeast Asia. In the last 15 years, PropertyGuru has grown into a high-growth PropTech company with a robust portfolio of leading property marketplaces across its core markets; award-winning mobile apps; mortgage marketplace, PropertyGuru Finance; and a host of enterprise solutions now under PropertyGuru For Business, including a high-quality developer sales enablement platform, FastKey, DataSense, ValueNet, Awards, events, and publications across Asia.  

For more information, please visit: PropertyGuruGroup.com; PropertyGuru Group on LinkedIn.

1 Based on SimilarWeb data between July 2022 and December 2022.

2 Based on Google Analytics data between July 2022 and December 2022.

3 Based on data between July 2022 and December 2022.

4 Based on SimilarWeb data between July 2022 and December 2022.

PropertyGuru Group Limited to Report First Quarter 2023 Financial Results on May 24, 2023

SINGAPORE – PropertyGuru Group Limited (NYSE: PGRU) (“PropertyGuru” or “the Company”), Southeast Asia’s leading[1] property technology company, today announced that it will report its first quarter 2023 financial results on Wednesday, May 24, 2023. Management will host a conference call and webcast on Wednesday, May 24 at 8:00am Eastern Standard Time (EST) / 8:00pm Singapore Standard Time (SGT), following the release of its earnings materials, to discuss the Company’s financial results and outlook.

What: PropertyGuru Group Limited First Quarter 2023 Earnings Call

When: Wednesday, May 24, 2023

Time: 8:00 am Eastern Standard Time / 8:00 pm Singapore Standard Time

Register here: https://propertyguru.zoom.us/webinar/register/WN_TlifVd2DS4SqGghTyijfvw

An archived webcast of the conference call will be accessible from the “Events & Presentations” section of the Company’s Investor Relations website at: https://investors.propertygurugroup.com/news-and-events/events-and-presentations/default.aspx.

For more information, please visit: https://investors.propertygurugroup.com/

 About PropertyGuru Group

PropertyGuru is Southeast Asia’s leading1 PropTech company, and the preferred destination for over 41 million property seekers[2] to connect with more than 63,000 agents monthly[3] to find their dream home. PropertyGuru empowers property seekers with more than 3.2 million real estate listings[4], in-depth insights, and solutions that enable them to make confident property decisions across Singapore, Vietnam, Malaysia, Thailand, and Indonesia.

PropertyGuru.com.sg was launched in Singapore in 2007 and since then PropertyGuru Group has made the property journey a transparent one for property seekers in Southeast Asia. In the last 15 years, PropertyGuru has grown into a high-growth PropTech company with a robust portfolio including leading property marketplaces and award-winning mobile apps across its core markets; mortgage marketplace, PropertyGuru Finance; home services platform, Sendhelper; a host of proprietary enterprise solutions under PropertyGuru For Business including DataSense, ValueNet, Awards, events and publications across Asia.

For more information, please visit: PropertyGuruGroup.com; PropertyGuru Group on LinkedIn.

Contact Information

Media
PropertyGuru Group
Sheena Chopra
+65 9247 5651
[email protected]

Investor
PropertyGuru Group
Nat Otis
+1(860) 906-7860
[email protected]

[1] Based on SimilarWeb data between July 2022 and December 2022.

[2] Based on Google Analytics data between July 2022 and December 2022.

[3] Based on data between July 2022 and December 2022.

[4] Based on data between July 2022 and December 2022.

 

The PropertyGuru Thailand Property Awards open 18th edition as country sustains tourism recovery

PHUKET, SAMUI, AND THE EASTERN SEABOARD AMONG THE RESORT DESTINATIONS INCLUDED IN THE COUNTRY’S LONGEST-RUNNING REAL ESTATE AWARDS PROGRAMME

PHUKET, Thailand — The long-running PropertyGuru Thailand Property Awards programme returns for its 18th edition as travellers and international property seekers return to the kingdom’s world-renowned tourist attractions and resort destinations.

The 18th PropertyGuru Thailand Property Awards 2023, presented by Mitsubishi Elevator (Thailand) and supported by JLL, are now calling for submissions from the kingdom’s recovering resort markets and other dynamic locations in addition to Greater Bangkok. Awardees will receive the opportunity to stand beside Thailand’s finest property developers, design practices, and developments—together raising the Gold Standard in real estate.

Award categories open to competitors this year include recognitions for developments in locations as diverse as Chiang Mai, the Eastern Seaboard, Hua Hin, Khao Yai, Koh Phangan, Krabi, the Northeast, Phang-Nga, Phuket, and Samui.

Submissions are accepted online via: asiapropertyawards.com/nominations

The economic rebound of Thailand ushers in the 2023 edition of the Awards in Thailand. The recovery of the tourism industry, driven in part by the reopening of China, is one of several positive indicators that the real estate market will recover from its slump in 2023, according to DDproperty.com, the official portal partner of the Awards.

Phuket, among other bright spots throughout the country, has become a haven for international home buyers seeking refuge from conflict in Europe, according to research on Property Report by PropertyGuru, the official magazine of the Awards. Home buyers seeking working holidays have also flocked to Koh Pha Ngan, where they are fuelling a building boom for luxury properties.

The Price Index for residential properties in Phuket rose 8% QoQ in Q4 2022, buoyed by rising demand for townhouses (+4% QoQ and +25% YoY), according to DDproperty.com, the official portal partner of the Awards. A majority (32%) of residential properties in Phuket are priced greater than THB15 million.  

Apart from the return of tourism, transport infrastructure developments are expected to continue galvanising the property market, according to the latest DDproperty Thailand Property Market Report. Fringe and outskirt areas of Bangkok with access to the SRT (Red Line), MRT (Blue Line) and BTS (Green Line) routes, in fact, recorded the highest Price Index growth in Q4 2022.

Overall housing Demand Index in Bangkok in the fourth quarter of 2022 increased 47% from the pre-pandemic period (Q4 2019). The Price Index of residential property for sale in Bangkok is also likely to increase in 2023 while property seekers need to be ready for higher inflation and interest rates.

Wittaya Apirakviriya, general manager of DDproperty, Marketplaces (Developer) and Think of Living, said: “We expect the residential property market in Thailand this year to benefit from several factors, including the return of tourists from China and the continued expansion of rapid transit lines in Bangkok. Overall, there is no indication of an oversupply, and the remaining stock on the market will gradually continue to be absorbed. Home buyers, however, must be financially ready this year for the increased cost of housing due to inflation and interest rate hikes, among other reasons.”

Jules Kay, general manager of PropertyGuru Asia Property Awards and Events, said: “We are delighted to be launching the 18th PropertyGuru Thailand Property Awards at a time when Thailand’s property market is showing momentum. Market optimism is high, with domestic buyers showing a healthy appetite for real estate purchases, while international buyers and investors are returning on the back of a strong travel rebound. With their proven regional impact, well established credibility and an independent judging process the PropertyGuru Thailand Property Awards support this positive market sentiment by pushing the bar of quality upwards for Thailand’s real estate industry.”

Suphin Mechuchep, chairperson of the PropertyGuru Thailand Property Awards, said: “We are happy to open the 18th edition of the PropertyGuru Thailand Property Awards to entries from all over the kingdom in 2023. In nearly two decades, the Awards in Thailand have greatly diversified, expanding its roster of categories to recognise the finest real estate not only in Greater Bangkok but also in Phuket, Samui, Phang-Nga, Krabi, Hua Hin, the Eastern Seaboard, and other resort destinations throughout the nation. We are excited to continue our tradition of spotlighting real estate excellence in such attractive locations as 2023 shapes up to be a bullish year for hotel and resort investments and the Thai tourism sector in general.”

The annual black-tie gala celebration of the 18th PropertyGuru Thailand Property Awards will take place at the Crystal Hall of The Athenee Hotel, a Luxury Collection Hotel, Bangkok on Friday, 1 September 2023.

Key dates for the 2023 edition:
16 June 2023 – Entries Close
3 July – 4 August 2023 – Site Inspections
9 August 2023 – Final Judging
1 September 2023 – Gala Dinner and Awards Ceremony in Bangkok, Thailand
8 December 2023 – Regional Grand Final Gala Presentation in Bangkok, Thailand

Nominations and entries are being accepted online until 16 June 2023: asiapropertyawards.com/nominations

Eligible entries are rigorously selected by the independent panel of judges, comprising experts in diverse fields such as real estate consultancy, architecture and interior design, and sustainable development.

Supervised by HLB, the global network of independent advisory and accounting firms, the Awards programme makes full use of a professionally run and fully transparent judging system, with an established reputation for fairness and transparency.

From coast to countryside

Outstanding real estate companies from coast to countryside were honoured at the 17th edition of the PropertyGuru Thailand Property Awards in 2022. Tropical Life Real Estate was named Best Developer (Samui) while Pearl Island Property Co., Ltd. won the Best Developer (Phuket) title. The Riviera Group won the Best Developer (Eastern Seaboard) title.

Thailand was well represented at the 17th PropertyGuru Asia Property Awards Grand Final. Companies from around the kingdom gained seven regional wins, including the award of Best Housing/Landed Landscape Architectural Design (Asia) for Jaytiya 2 Private Pool Villas Residence by Jaytiya Property Co., Ltd., a development from Khon Kaen in Thailand’s Northeast region.

Main country winners of the PropertyGuru Thailand Property Awards this year qualify to compete for regional honours at the 18th PropertyGuru Asia Property Awards Grand Final 2023 on 8 December in Bangkok, Thailand.

Established in 2005, the PropertyGuru Asia Property Awards continue to reward high-calibre work within the industry, encompassing property development, construction, architecture, interior design, and sustainable building practices. The series initially covered Southeast Asia and has expanded over the years to include the region’s dynamic property markets, including Australia, China, Greater Niseko in Japan, and India.

Organised by PropertyGuru Group (NYSE: PGRU), Southeast Asia’s leading property technology company, the 18th PropertyGuru Thailand Property Awards are supported by platinum sponsor Mitsubishi Elevator (Thailand); gold sponsor JLL; official portal partner DDproperty.com; official magazine Property Report by PropertyGuru; official publicity partner Infinity Communications; media partners Think of Living and REm; and official supervisor HLB.

For more information, email [email protected] or visit the official website: AsiaPropertyAwards.com.

 

–END–

 

NOTE: Use of the PropertyGuru Asia Property Awards logo is limited to the publication of this article only.

PROPERTYGURU CONTACTS:

General Enquiries:
Richard Allan Aquino, Head of Brand & Marketing Services
M: +66 92 954 4154
E: [email protected]   

Media & Partnerships:
Piyachanok Raungpaka, Media Relations & Marketing Services Executive
M: +66 94 887 5163
E: [email protected]  

Sponsorships:
Kanittha Srithongsuk, Regional Manager, Awards Sponsorship
M: +66 93 293 9794
E: [email protected]

Sales & Nominations:
Kritchaorn Rattanapan, Senior Account Director (Thailand)
M: +66 95 616 6461
E: [email protected]

Rattanarat Srisangsuk, Senior Account Director (Thailand)
M: +66 81 913 0599
E: [email protected]

Suchada Prachayakool, Head of Developer Sales
M: +66 81 572 4400
E: [email protected]

 

ABOUT PROPERTYGURU ASIA PROPERTY AWARDS:
PropertyGuru’s Asia Property Awards, established in 2005, are the region’s most exclusive and prestigious real estate awards programme. The Asia Property Awards are recognised as the ultimate hallmark of excellence in the Asian property sector. Boasting an independent panel of industry experts and trusted supervisors, the Awards have an unparalleled reputation for being credible, ethical, fair and transparent. 

In 2023, the Awards series is open to more than a dozen key property markets around the region. The exciting gala events welcome senior industry leaders and top media, as well as reach property agents and consumers via live streaming. Recognising excellence within each Asian market with a variety of categories, including green and sustainable development, each local awards programme will culminate in the PropertyGuru Asia Property Awards Grand Final, which takes place after the PropertyGuru Asia Real Estate Summit during ‘PropertyGuru Week’ in December 2023. 

For more information, please visit AsiaPropertyAwards.com

 

ABOUT PROPERTYGURU GROUP:
PropertyGuru is Southeast Asia’s leading1 PropTech company, and the preferred destination for over 41 million property seekers2 to connect with more than 63,000 agents3 monthly to find their dream home. PropertyGuru empowers property seekers with more than 3.2 million real estate listings4, in-depth insights, and solutions that enable them to make confident property decisions across Singapore, Malaysia, Thailand, Indonesia, and Vietnam.

PropertyGuru.com.sg was launched in Singapore in 2007 and since then PropertyGuru Group has made the property journey a transparent one for property seekers in Southeast Asia. In the last 15 years, PropertyGuru has grown into a high-growth PropTech company with a robust portfolio of leading property marketplaces across its core markets; award-winning mobile apps; mortgage marketplace, PropertyGuru Finance; and a host of enterprise solutions now under PropertyGuru For Business, including a high-quality developer sales enablement platform, FastKey, DataSense, ValueNet, Awards, events and publications across Asia.  

For more information, please visit: PropertyGuruGroup.com; PropertyGuru Group on LinkedIn.

1 Based on SimilarWeb data between July 2022 and December 2022.

2 Based on Google Analytics data between July 2022 and December 2022.

3 Based on data between July 2022 and December 2022

4 Based on SimilarWeb data between July 2022 and December 2022.

The 13th PropertyGuru Asia Property Awards (Singapore) programme begins call for entries in resilient market

BUYERS MAINTAIN A POSITIVE VIEW OF THE MARKET’S LONG-TERM OUTLOOK

SINGAPORE — The PropertyGuru Asia Property Awards (Singapore) programme is now open for entries for its 13th edition in 2023.

Organisers of the 13th annual PropertyGuru Asia Property Awards (Singapore), supported by Mitsubishi Electric Asia Pte Ltd., now challenge the country’s leading and emerging development companies and design practices to compete for recognitions that showcase and provide an international platform for their exemplary, outstanding achievements.

Entry submissions are accepted online until 1 September 2023 via: asiapropertyawards.com/

The Singapore property market is off to a promising albeit slower start in 2023. The housing market remains resilient despite uncertain geopolitical and macroeconomic conditions, rising inflation, and increasing interest rates, according to the PropertyGuru Singapore Property Market Report Q1 2023.

Defying economic downside pressures, property prices climbed in 2022, partly due to tight supply, amid declining sales volumes across all property types. Despite the increased cost of acquiring homes, many buyers maintain a positive view of the market’s long-term outlook.

Jules Kay, general manager of PropertyGuru Asia Property Awards and Events, said: “Singapore developers continue to lead the way with designs and concepts that are not only deserving of international recognition, but also set a high standard for Southeast Asia. We are confident that this year’s entries will be just as exemplary, displaying Singaporean prowess in creating sustainable built environments and aspirational developments where people can live, work, and thrive.”

Kristin Thorsteins, chairperson of the PropertyGuru Asia Property Awards (Singapore) and head of partnership growth for APAC at IWG PLC (Singapore), said: “In recent years, Singapore developers have demonstrated remarkable resilience and flexibility, responding to changes by creating more sustainable spaces and integrating nature into their projects. As we look ahead, we anticipate witnessing further benchmark-setting innovations among our entries this year, as Singapore continues to adapt to post-pandemic societal changes and prepares to face any challenge with unwavering determination and vigour.

“With a robust infrastructure ecosystem and a commitment to green-building technologies, Singapore is at the forefront of sustainable development, leading the way in reducing energy and water consumption, as well as carbon emissions. We are confident that Singapore’s developers will continue to drive innovation in the real estate industry, creating spaces that are not only resilient, but also sustainable and in harmony with nature.”

The black-tie gala dinner and presentation ceremony of the 13th PropertyGuru Asia Property Awards (Singapore) will take place at The Ritz-Carlton, Millenia Singapore ballroom on Friday, 27 October 2023.

Key dates for the 2023 edition:
1 September 2023 – Entries Close
11-29 September 2023 – Site Inspections
3 October 2023 – Final Judging
27 October 2023 – Gala Dinner and Awards Ceremony in Singapore 
8 December 2023 – Regional Grand Final Gala Presentation in Bangkok, Thailand

The public are encouraged to submit their nominations before the deadline of entries on 1 September 2023 here: asiapropertyawards.com/nominations

Led by Thorsteins, an independent panel of judges, comprising experts in diverse fields such as real estate consultancy, architecture and interior design, and sustainable development, will participate in a rigorous process selecting the award recipients.

The resulting shortlist of nominees will be able to showcase their companies and projects to a wide network of property seekers, real estate agents, banks and valuers, and other enterprises served by PropertyGuru Group (NYSE: PGRU), Southeast Asia’s leading property technology company.

Supervised by HLB, the global network of independent advisory and accounting firms, the awards programme makes full use of a professionally run and fully transparent judging system, with an established reputation for fairness, credibility, and integrity.

Excellent Asian companies

Main winners from the 2023 edition of the PropertyGuru Asia Property Awards (Singapore) will qualify to compete with other excellent companies across the region for the ‘Best in Asia’ honours at the 18th PropertyGuru Asia Property Awards Grand Final in Bangkok, Thailand on 8 December 2023.

Singapore companies scored several regional wins at the 17th PropertyGuru Asia Property Awards Grand Final 2022. GuocoLand was named Best Luxury Developer (Asia) and Best Sustainable Developer (Asia) while UOL Group Limited was named Best Hospitality Developer (Asia).

UOL Group Limited also won Best Hotel Development (Asia) for Pan Pacific Orchard. Park Nova by Shun Tak Holdings gained the Best Condo Architectural Design (Asia) title while Artyzen Singapore by Artyzen Hospitality Group won Best Hospitality Interior Design (Asia).

Established in 2005, the PropertyGuru Asia Property Awards continue to reward high-calibre work within the industry, encompassing property development, construction, architecture, interior design, and sustainable building practices. The series initially covered Southeast Asia and has expanded over the years to include the region’s dynamic property markets, including Australia, China, Greater Niseko in Japan, and India.

The 13th PropertyGuru Asia Property Awards (Singapore) are supported by gold sponsor Mitsubishi Electric Asia Pte Ltd.; official portal partner PropertyGuru.com.sg; official magazine Property Report by PropertyGuru; media partner d+a Magazine; and official supervisor HLB.

For more information, email [email protected] or visit the official website: AsiaPropertyAwards.com.

 

–END–

 

NOTE: Use of the PropertyGuru Asia Property Awards logo is limited to the publication of this article only.

PROPERTYGURU CONTACTS:

General Enquiries:
Richard Allan Aquino, Head of Brand & Marketing Services
M: +66 92 954 4154
E: [email protected]   

Media & Partnerships:
Nate Dacua, Media Relations & Marketing Services Manager
M: +66 92 701 2510
E: [email protected]

Sponsorships:
Kanittha Srithongsuk, Regional Manager, Awards Sponsorship
M: +66 93 293 9794
E: [email protected]

Sales & Nominations:
Alicia Loh, Awards Manager (Singapore)
M: +65 8382 0078
E: [email protected]

 

ABOUT PROPERTYGURU ASIA PROPERTY AWARDS:
PropertyGuru’s Asia Property Awards, established in 2005, are the region’s most exclusive and prestigious real estate awards programme. The Asia Property Awards are recognised as the ultimate hallmark of excellence in the Asian property sector. Boasting an independent panel of industry experts and trusted supervisors, the Awards have an unparalleled reputation for being credible, ethical, fair and transparent. 

In 2023, the Awards series is open to more than a dozen key property markets around the region. The exciting gala events welcome senior industry leaders and top media, as well as reach property agents and consumers via live streaming. Recognising excellence within each Asian market with a variety of categories, including green and sustainable development, each local awards programme will culminate in the PropertyGuru Asia Property Awards Grand Final, which takes place after the PropertyGuru Asia Real Estate Summit during ‘PropertyGuru Week’ in December 2023. 

For more information, please visit AsiaPropertyAwards.com

 

ABOUT PROPERTYGURU GROUP:
PropertyGuru is Southeast Asia’s leading1 PropTech company, and the preferred destination for over 41 million property seekers2 to connect with more than 63,000 agents3 monthly to find their dream home. PropertyGuru empowers property seekers with more than 3.2 million real estate listings5, in-depth insights, and solutions that enable them to make confident property decisions across Singapore, Malaysia, Thailand, Indonesia, and Vietnam.

PropertyGuru.com.sg was launched in Singapore in 2007 and since then PropertyGuru Group has made the property journey a transparent one for property seekers in Southeast Asia. In the last 15 years, PropertyGuru has grown into a high-growth PropTech company with a robust portfolio of leading property marketplaces across its core markets; award-winning mobile apps; mortgage marketplace, PropertyGuru Finance; and a host of enterprise solutions now under PropertyGuru For Business, including a high-quality developer sales enablement platform, FastKey, DataSense, ValueNet, Awards, events and publications across Asia.  

For more information, please visit: PropertyGuruGroup.com; PropertyGuru Group on LinkedIn.

1 Based on SimilarWeb data between July 2022 and December 2022.

2 Based on Google Analytics data between July 2022 and December 2022.

3 Based on data between July 2022 and December 2022

4 Based on SimilarWeb data between July 2022 and December 2022.

5 Based on data between July 2022 and December 2022.

PropertyGuru appoints Helen Snowball as Chief People Officer

Singapore – April 26, 2023 – PropertyGuru Group Limited (NYSE: PGRU) (“PropertyGuru” or “the Group”), Southeast Asia’s leading[1], property technology (“PropTech”) company today announced the appointment of Helen Snowball as Chief People Officer (CPO). As the CPO, Helen will lead the People & Culture function, managing the full scope of HR functions and support the Group’s next phase of growth in Southeast Asia with a focus on employee experience and talent management. Helen is part of PropertyGuru’s Group Leadership Team (GLT) and will report to the CEO and Managing Director, Hari V. Krishnan.

Helen brings over two decades of rich experience in human resources, sales and commercial, having held various leadership roles in global organisations. Prior to joining PropertyGuru Group, Helen served as the Global Head of People Solutions & Experience at Jones Lang LaSalle in Singapore, where she led the formation of a new global employee experience function to re-imagine the future of work, implemented a new digital HR experience that enhanced productivity and business performance and drove initiatives that enhanced employee experience. Previously, she worked at Coca-Cola Euro-Pacific Partners, Australia, as the Head, HR Sales & Marketing and at Kraft Heinz Company, UK.

At PropertyGuru, Helen will provide strategic direction and expertise for all things related to team and talent, with a particular focus of taking forward the culture of trust that PropertyGuru Group aspires to deliver to its team. In addition, she will champion an equitable workplace as a driving force behind the Group’s success. Today, 50% of PropertyGuru’s GLT and 33% of its Board of Directors is composed of women leaders, and 65% of its total workforce is female. With over 30 nationalities in its workforce and strong diversity central to its success to date, the Group is emphasizing equity and inclusion in its next phase of growth.

Hari V. Krishnan, Chief Executive Officer and Managing Director, PropertyGuru Group, said, “We are excited to have Helen join us as our Chief People Officer. She has solid experience in leading successful transformations within People and Culture organisations and driving digital employee experiences. We are in PG3 – the third phase of our evolution as an organisation – guided by our vision to power communities to live, work and thrive in tomorrow’s cities. Helen’s skillset and energy will be essential as we continue to invest in our talent.”

Helen Snowball, Chief People Officer, PropertyGuru Group, said, “I am thrilled to join PropertyGuru Group. My focus will be to foster the amazing culture the organisation has built and enable employees to bring their best selves to work, each day. I look forward to working with the diverse and highly skilled Gurus across Southeast Asia to strengthen PropertyGuru’s position as an employer of choice for top talent.”

Helen joins PropertyGuru’s seasoned Group Leadership team, which recently welcomed Disha Goenka Das as Chief Marketing Officer, and expanded Manav Kamboj’s role to include Managing Director, Fintech, in addition to his current role of Chief Technology Officer. These strategic leadership appointments bolster PropertyGuru’s capabilities as the Group ramps up investments and innovations in its marketplaces, data and software solutions, and fintech businesses.

About PropertyGuru Group

PropertyGuru is Southeast Asia’s leading1 PropTech company, and the preferred destination for over 41 million property seekers[2] to connect with more than 63,000 agents[3]  monthly to find their dream home. PropertyGuru empowers property seekers with more than 3.2 million real estate listings[4], in-depth insights, and solutions that enable them to make confident property decisions across Singapore, Malaysia, Thailand, Indonesia, and Vietnam.

PropertyGuru.com.sg was launched in Singapore in 2007 and since then PropertyGuru Group has made the property journey a transparent one for property seekers in Southeast Asia. In the last 15 years, PropertyGuru has grown into a high-growth PropTech company with a robust portfolio of leading property marketplaces across its core markets; award-winning mobile apps; mortgage marketplace, PropertyGuru Finance; and a host of enterprise solutions now under PropertyGuru For Business, including a high-quality developer sales enablement platform, FastKey, DataSense, ValueNet, Awards, events and publications across Asia.  

For more information, please visit: PropertyGuruGroup.com; PropertyGuru Group on LinkedIn.  

Media Contact Information:                                                 

Archetype Singapore                                                

Anushka Shrivastava / Annabell Woon                 

[email protected]

PropertyGuru Group

Sheena Chopra / Divya Ravalie Kuchimanchi

[email protected] / [email protected]

[1] In terms of Engagement Market Share based on SimilarWeb data.

[2] Based on Google Analytics data between July 2022 and December 2022.

[3] Based on data between July 2022 and December 2022.

[4]  Based on data between July 2022 and December 2022.

The PropertyGuru Vietnam Property Awards launch the 9th edition

HO CHI MINH CITY, Vietnam — PropertyGuru, Asia’s leading property technology company, today launched the ninth edition of the PropertyGuru Vietnam Property Awards, a part of the PropertyGuru Asia Property Awards series which marks its 18th year.

The 9th Annual PropertyGuru Vietnam Property Awards, presented by Kohler and supported by Vasta Stone and Dulux Professional, as well as Batdongsan.com.vn in cooperation with local partner Oriental Media Vietnam, are now calling on property developers and design practices to submit entries. Construction Newspaper, the official newspaper of the Ministry of Construction and Vietnam News, a publication of the Vietnam News Agency, accompany the awards as the official media partners.

The PropertyGuru Asia Property Awards series is a prestigious real estate industry awards programme that has been running since 2005. It has since established itself as a well-known competition for many real estate developers. Typical names that have won high titles in previous editions of the Awards include Keppel Land, CapitaLand, Gamuda Land, SonKim Land, and more.

Image: PropertyGuru Vietnam Property Awards 2022 gala dinner

After nearly two decades of honouring real estate achievements, the PropertyGuru Asia Property Awards have contributed to setting high standards for the real estate industry, while affirming and promoting the quality of Vietnamese real estate projects on the world stage.

An independent panel of judges, comprising experts in diverse fields such as real estate consultancy, architecture and interior design, and sustainable development, will participate in a rigorous process of selecting the recipients of various titles such as the Developer, Development and Design categories​ as well as the Special Recognitions and other special titles. Supervised by HLB, the global network of independent advisory and accounting firms, the Awards programme makes full use of a professionally run and fully transparent judging system, with an established reputation for fairness, credibility, and integrity.

Mr. Thien Duong, chairperson of the PropertyGuru Vietnam Property Awards and general director of Group GSA (Vietnam), said: “The rising quality of entries to our awards in Vietnam over the years reflect the great industrialisation and rapid urbanisation of the country. In this, the ninth edition of the awards, we are confident that our newest competitors will work together to build legacies that will shape the skylines and communities of Vietnam.”

The public is now encouraged to submit their nominations before the deadline for entries on 1 September 2023 here: asiapropertyawards.com/nominations

Key dates for the 2023 edition:
1 September 2023 – Entries Close
18 September – 12 October 2023 – Site Inspections
16 October 2023 – Final Judging
10 November 2023 – Gala Dinner and Awards Ceremony in Ho Chi Minh City, Vietnam 
8 December 2023 – Regional Grand Final Gala Presentation in Bangkok, Thailand

High demand for Vietnam real estate

At the media event to officially launch the 9th edition of the PropertyGuru Vietnam Property Awards, Mr. Jules Kay, general manager of PropertyGuru Asia Property Awards and Events, said: “Vietnam remains one of Asia’s leading property markets, as shown by the variety of awards that the judges give to developers, design practices, and developments every year. Vietnam is certainly one of the fastest-growing economies in the region, with a flourishing real estate market that still has room for growth. We are sure that this year’s entries will reinforce developers’ commitment to quality and prove that Vietnam real estate is still among Southeast Asia’s best.”

The reputation of the developer, construction credentials, space design, and sales policy are the top elements consumers take into account when seeking property, according to Batdongsan.com.vn’s Consumer Sentiment Survey (CSS) in early 2023. Green space, in particular, is a key trend in the desire for homeownership at present and in the future.

Batdongsan.com.vn’s CSS report also reveals that 68% of survey respondents stated that they planned to buy property in the next year. The more properties they hold, the more inclined they are to acquire more. The proportion of consumers planning to buy property in the near future is 46% for those who do not own a home, 66% for those who already own a property, and up to 87% for those who own three properties. Newly developed properties in the price range of VND2.5-5 billion attract a great deal of attention.

Mr. Dinh Minh Tuan, southern regional director of Batdongsan.com.vn, reaffirmed Batdongsan.com.vn’s forecast that the reversal signal will come approximately in Q4 2023 or later in Q2 2024, depending on certain conditions, despite the fact that the current market is experiencing some challenges. He stated: “The recovery of the market is expected to take place faster if the Government’s policies issued to support the real estate market penetrate more quickly and have a positive impact on market stakeholders.”

Healthy competition with Asia’s finest

Main winners from the 2023 edition of the PropertyGuru Vietnam Property Awards will qualify to compete with their peers for the ‘Best in Asia’ honours at the 18th PropertyGuru Asia Property Awards Grand Final in Bangkok, Thailand on 8 December. The PropertyGuru Asia Property Awards series has expanded over the years to cover the region’s dynamic property markets, including Australia, China, Greater Niseko in Japan, and India.

Developers from Vietnam scored four wins at the 17th PropertyGuru Asia Property Awards Grand Final 2022. Keppel Land won the Best Mixed Use Developer (Asia) title while Sycamore by CapitaLand Development (Vietnam) won the Best Housing/Landed Development (Asia) and Best Eco Friendly Housing/Landed Development (Asia) awards. Artisan Park by Gamuda Land was named Best Retail Development (Asia).

 

–END–

 

NOTE: Use of the PropertyGuru Asia Property Awards logo is limited to the publication of this article only.

PROPERTYGURU CONTACTS:

General Enquiries:
Richard Allan Aquino, Head of Brand & Marketing Services
M: +66 92 954 4154
E: [email protected]   

Media & Partnerships:
Luu Thi Ha Phuong, Media Relations & Communications Officer
M: +84 963 888 240
E: [email protected]  

Sponsorships:
Kanittha Srithongsuk, Regional Manager, Awards Sponsorship
M: +66 93 293 9794
E: [email protected]

Sales & Nominations:
Nguyen Tran Minh Quan, Head of Awards & Developer Business
M: +84 919 246 777 
E: [email protected]

 

ABOUT PROPERTYGURU ASIA PROPERTY AWARDS:
PropertyGuru’s Asia Property Awards, established in 2005, are the region’s most exclusive and prestigious real estate awards programme. The Asia Property Awards are recognised as the ultimate hallmark of excellence in the Asian property sector. Boasting an independent panel of industry experts and trusted supervisors, the Awards have an unparalleled reputation for being credible, ethical, fair and transparent. 

In 2023, the Awards series is open to more than a dozen key property markets around the region. The exciting gala events welcome senior industry leaders and top media, as well as reach property agents and consumers via live streaming. Recognising excellence within each Asian market with a variety of categories, including green and sustainable development, each local awards programme will culminate in the PropertyGuru Asia Property Awards Grand Final, which takes place after the PropertyGuru Asia Real Estate Summit during ‘PropertyGuru Week’ in December 2023. 

For more information, please visit AsiaPropertyAwards.com

 

ABOUT PROPERTYGURU GROUP:
PropertyGuru is Southeast Asia’s leading1 PropTech company, and the preferred destination for over 41 million property seekers2 to connect with more than 63,000 agents3 monthly to find their dream home. PropertyGuru empowers property seekers with more than 3.2 million real estate listings5, in-depth insights, and solutions that enable them to make confident property decisions across Singapore, Malaysia, Thailand, Indonesia, and Vietnam.

PropertyGuru.com.sg was launched in Singapore in 2007 and since then PropertyGuru Group has made the property journey a transparent one for property seekers in Southeast Asia. In the last 15 years, PropertyGuru has grown into a high-growth PropTech company with a robust portfolio of leading property marketplaces across its core markets; award-winning mobile apps; mortgage marketplace, PropertyGuru Finance; and a host of enterprise solutions now under PropertyGuru For Business, including a high-quality developer sales enablement platform, FastKey, DataSense, ValueNet, Awards, events and publications across Asia.  

For more information, please visit: PropertyGuruGroup.com; PropertyGuru Group on LinkedIn.

1 Based on SimilarWeb data between July 2022 and December 2022.

2 Based on Google Analytics data between July 2022 and December 2022.

3 Based on data between July 2022 and December 2022

4 Based on SimilarWeb data between July 2022 and December 2022.

5 Based on data between July 2022 and December 2022.

The 9th PropertyGuru Indonesia Property Awards call for outstanding real estate as market recovers

AWARDS CAN BE USED AS BENCHMARK FOR EXCELLENCE BY INDONESIAN CONSUMERS WITH PURCHASING POWER WHO SEEK REPUTABLE REAL ESTATE PRODUCTS

JAKARTA, Indonesia — The PropertyGuru Indonesia Property Awards return for their ninth edition in 2023 as the archipelago’s property market continues to tread the path of recovery.

The 9th Annual PropertyGuru Indonesia Property Awards 2023, presented by Kohler, are calling on property developers and design practices to submit entries for a chance to win hallmarks of excellence as the Gold Standard of real estate.

Submissions are accepted online until 7 July 2023 via: asiapropertyawards.com/nominations

The prestigious awards programme seeks to recognise Indonesia’s finest real estate as the property market indicates positive trends following the easing of pandemic restrictions. Searches for residential properties priced above IDR1 billion continue to increase, signifying that consumer purchasing power is still maintained, according to the Indonesia Property Market Report Q1 2023 released by Rumah.com, the official portal partner of the Awards.

Jules Kay, general manager of PropertyGuru Asia Property Awards and Events, said: “We are excited to be once again searching for the finest real estate companies and developments in Indonesia, a cornerstone of the PropertyGuru Asia Property Awards series. We have seen the property market in Indonesia diversify extensively in the eight years we have held the gala celebration here. We are proud to have recognised the Indonesian real estate sector’s towering achievements, which include some of the region’s tallest buildings as well as praiseworthy industrial developments and logistics hubs. We can’t wait to see what Indonesia creates next.”

Vivin Harsanto, chairperson of the PropertyGuru Indonesia Property Awards, and senior director and head of advisory at JLL Indonesia, said: “Indonesia’s property market remains resilient, and the lifting of social restrictions has further fueled an uptick in market activity. This is propelled by positive demand for landed homes from end users and a healthy appetite for modern warehouses from third-party logistics and FMCG. The real estate industry is also benefiting from expanding toll road networks and transport infrastructure projects. Against this positive backdrop, we are very excited to open the 9th edition of the PropertyGuru Indonesia Property Awards this year to worthy competitors all over the archipelago. We are seeing property seekers in Indonesia become more knowledgeable in choosing products, and projects with reputable, award-winning developers tend to be on their shortlist.”

The exclusive 2023 gala dinner and ceremony of the PropertyGuru Indonesia Property Awards will be held at The Ritz-Carlton Jakarta, Pacific Place, the official venue of the Awards, on Friday, 15 September.

Key dates for the 2023 edition:
7 July 2023 – Entries Close
31 July – 18 August 2023 – Site Inspections
23 August 2023 – Final Judging
15 September 2023 – Gala Dinner and Awards Ceremony in Jakarta, Indonesia
8 December 2023 – Regional Grand Final Gala Presentation in Bangkok, Thailand

Nominations from the public are also encouraged to be submitted before 7 July 2023: asiapropertyawards.com/nominations

An independent panel of judges, led by Harsanto and composed of experts in fields ranging from real estate consultancy to design, will rigorously inspect and deliberate over eligible entries to the Awards.

HLB, the global network of independent advisory and accounting firms, upholds the fairness, credibility, and integrity of the selection process. As the official supervisor of the Awards, HLB makes full use of a professionally run, fully transparent judging system.

Main country winners of the PropertyGuru Indonesia Property Awards will qualify to compete with the region’s best at the 18th PropertyGuru Asia Property Awards Grand Final 2023 on 8 December in Bangkok, Thailand.

Developers from Indonesia represented the nation successfully last year at the 17th PropertyGuru Asia Property Awards Grand Final. The Best Township Development (Asia) award went to Kota Baru Parahyangan by PT. Belaputera Intiland while the Best Township Masterplan Design (Asia) award went to PIK2 Sedayu Indo City by Agung Sedayu Group & Salim Group.

Autograph Tower at Thamrin Nine Complex by PT Putragaya Wahana, a member of Galeon Group, won Best Office Development (Asia) while LRT City Jatibening by KSO PT Adhi Commuter Properti Tbk. & PT Urban Jakarta Propertindo Tbk won Best Connectivity Condo Development (Asia). Metland Cibitung by PT Fajarputera Dinasti, a subsidiary of PT Metropolitan Land Tbk., won Best Connectivity Housing/Landed Development (Asia) while LOGOS Cikarang Logistics Park by LOGOS Indonesia was named Best Green Industrial Development (Asia).

Established in 2005, the PropertyGuru Asia Property Awards continue to reward high-calibre work within the industry, encompassing property development, construction, architecture, interior design, and sustainable building practices. The series has expanded over the years to cover the region’s dynamic property markets, including Australia, China, Greater Niseko in Japan, and India.

Organised by PropertyGuru Group (NYSE: PGRU), Southeast Asia’s leading property technology company, the 9th PropertyGuru Indonesia Property Awards are supported by platinum sponsor Kohler; official venue The Ritz-Carlton Jakarta, Pacific Place; official portal partner Rumah.com; official magazine Property Report by PropertyGuru; official publicity partner Publicom Communications; media partners Detik Finance and Kompas; and official supervisor HLB.

For more information, email [email protected] or visit the official website: AsiaPropertyAwards.com.

 

–END–

 

NOTE: Use of the PropertyGuru Asia Property Awards logo is limited to the publication of this article only.

 

PROPERTYGURU CONTACTS:

General Enquiries:
Richard Allan Aquino, Head of Brand & Marketing Services
M: +66 92 954 4154
E: [email protected]   

Media & Partnerships:
Nate Dacua, Media Relations & Marketing Services Manager
M: +66 92 701 2510
E: [email protected]

Sponsorships:
Kanittha Srithongsuk, Regional Manager, Awards Sponsorship
M: +66 93 293 9794
E: [email protected]

Sales & Nominations:

Wulan Putri, Senior Account Manager

M: +62 8567512877

E: [email protected]

 

ABOUT PROPERTYGURU ASIA PROPERTY AWARDS:
PropertyGuru’s Asia Property Awards, established in 2005, are the region’s most exclusive and prestigious real estate awards programme. The Asia Property Awards are recognised as the ultimate hallmark of excellence in the Asian property sector. Boasting an independent panel of industry experts and trusted supervisors, the Awards have an unparalleled reputation for being credible, ethical, fair and transparent. 

In 2023, the Awards series is open to more than a dozen key property markets around the region. The exciting gala events welcome senior industry leaders and top media, as well as reach property agents and consumers via live streaming. Recognising excellence within each Asian market with a variety of categories, including green and sustainable development, each local awards programme will culminate in the PropertyGuru Asia Property Awards Grand Final, which takes place after the PropertyGuru Asia Real Estate Summit during ‘PropertyGuru Week’ in December 2023. 

For more information, please visit AsiaPropertyAwards.com

 

ABOUT PROPERTYGURU GROUP:
PropertyGuru is Southeast Asia’s leading1 PropTech company, and the preferred destination for over 41 million property seekers2 to connect with more than 63,000 agents3 monthly to find their dream home. PropertyGuru empowers property seekers with more than 3.2 million real estate listings5, in-depth insights, and solutions that enable them to make confident property decisions across Singapore, Malaysia, Thailand, Indonesia, and Vietnam.

PropertyGuru.com.sg was launched in Singapore in 2007 and since then PropertyGuru Group has made the property journey a transparent one for property seekers in Southeast Asia. In the last 15 years, PropertyGuru has grown into a high-growth PropTech company with a robust portfolio of leading property marketplaces across its core markets; award-winning mobile apps; mortgage marketplace, PropertyGuru Finance; and a host of enterprise solutions now under PropertyGuru For Business, including a high-quality developer sales enablement platform, FastKey, DataSense, ValueNet, Awards, events and publications across Asia.  

For more information, please visit: PropertyGuruGroup.com; PropertyGuru Group on LinkedIn.

1 Based on SimilarWeb data between July 2022 and December 2022.

2 Based on Google Analytics data between July 2022 and December 2022.

3 Based on data between July 2022 and December 2022

4 Based on SimilarWeb data between July 2022 and December 2022.

5 Based on data between July 2022 and December 2022.