The 10th PropertyGuru Asia Awards in partnership with iProperty.com.my mark a decade of celebrating real estate achievements

OUTSTANDING COMPANIES, DEVELOPMENTS, AND PERSONALITIES HONOURED IN 48 CATEGORIES AS RECOGNISED BY EXPERTS AND CONSUMERS 

KUALA LUMPUR, Malaysia — PropertyGuru Group (NYSE: PGRU), Southeast Asia’s leading property technology company, today announced the winners of the 10th PropertyGuru Asia Awards Malaysia in partnership with iProperty.com.my at The Majestic Hotel Kuala Lumpur, the official venue. 

Excellent companies and property developments, as well as exemplary individuals in the real estate industry, comprised this year’s list of winners. The Awards were presented across 48 categories, decided by an elite roster of local and foreign experts as well as the people of Malaysia. 

With nine golden statuettes, WCT Land Sdn Bhd garnered the most wins of the year. The company was named Best Developer (Malaysia), Best Developer (Central Malaysia), and Best Mixed Use Developer and garnered multiple awards for its projects Pavilion Mont Kiara and Greenville Residences.  

UEM Sunrise Berhad also gained nine wins, including various honours for its projects The Connaught One, Allevia Mont’Kiara, The MINH Mont’Kiara, Residensi ZIG, and Verna Serene Heights.  

Another big winner, Sime Darby Property, won five golden statuettes, including the prestigious Best Landed Development (Malaysia) award for Ilham Residence, in addition to honours for Bandar Bukit Raja and Serasi Residences, Putra Heights Sentral. Eupe Corporation Berhad won the prestigious Best High-Rise Development (Malaysia) title for Est8 @ Seputeh in one of three awards for the company. 

Other winners in the Developer categories were Mah Sing Group Berhad, named Best Lifestyle Developer with a win for M Astra; Perbadanan Kemajuan Negeri Selangor, named Best Affordable Homes Developer; Tanah Sutera Development Sdn Bhd, named Best Developer (Southern Malaysia) with a win for Sutera Square; and Tanjung Ratna Sdn Bhd, named Best Boutique Developer. 

An independent panel of expert judges provided their unbiased insights during the Live Judging Days that began in July 2023. They consisted of Datuk Ar. Ezumi Harzani Ismail, chairperson of the panel of judges and president of the Malaysian Institute of Architects: 2020-2022; Chris Tia, vice-chairperson of the panel of judges and principal and managing partner of Tia & Noordin; Blaine Robert, CEO and creative director, Blaine Robert Design; Christophe Vicic, chief growth officer, JLL Property Services (M) Sdn Bhd; Dr. Daniele Gambero, president, Malaysia Proptech Association (MPA); Sr Engad Ravana, principal, ER Consult; PMgr Sr Haji Ishak bin Ismail, president, Malaysia Institute of Professional Property and Facility Managers (MIPFM); Ho Chin Soon, chairman, Ho Chin Soon Research; Dato’ Sr. Lau Wai Seang, president of the Royal Institution of Surveyors Malaysia (RISM): 2017-2018; Sr Low Han Hoe, independent property consultant, coach, mentor, trainer, FRICS FRISM FPEPS FMIPFM MMIEA MPINZ;  Ar. Ts. PRBr. Mustapha Kamal Zulkarnain, founder and principal, Arkitek Mustapha Kamal; Assoc. Prof. LAr. Dr Nor Atiah Ismail, president, Institute of Landscape Architects Malaysia (ILAM); Datin TPr Hjh Noraida Saludin, president, Malaysian Institute of Planners (MIP); Ir. Ong Ching Loon, immediate past president, The Institution of Engineers Malaysia (IEM): 2020-2022; Ar (Dr) Serina Hijjas, vice president, MalaysiaGBC 2023-2025; Sr Subramaniam A/L Arumugam, president, Association of Valuers, Property Managers, Estate Agents and Property Consultants in the Private Sector Malaysia (PEPS); Tan Hui Yin, partner, Tan Chap & Associates; and Ir. Dr. Zulhkiple A Bakar, managing director, Perunding ZAB Sdn Bhd. 

John Ler and Kelvin Chew, international contact partner and managing partner of HLB Ler Lum Chew – HLB Malaysia, respectively, represented the official supervisor and made sure the selection process was fair, credible, and transparent. 

Property seekers in Malaysia were also given the opportunity to recognise the 10 finest developers in the country. This year, the People’s Choice Awards went to Chin Hin Group Property; Eastern & Oriental Berhad; Glomac Berhad; LBS Bina Group Berhad; Mah Sing Group Berhad; Mitraland Group; Perbadanan Kemajuan Negeri Selangor; Seri Pajam Development; Sime Darby Property; and UEM Sunrise Berhad. 

The Portal’s Choice Awards, decided by the Awards Organising Committee, went to OCR Group (Visionary Developer Award); HCK Capital Group Berhad (Urban Revival Award); and Gunung Impian Development Sdn Bhd (Consumer Game Changer Award). The Awards Organising Committee also presented the inaugural Rising Star Award to Ms Lindy Tan of BCB Berhad for her fresh, innovative approach to working in the real estate scene.  

The editorial team of Property Report by PropertyGuru, the official magazine, presented the Malaysia Real Estate Personality of the Year award to Tan Sri Dato’ Seri Vincent Tan, founder and advisor of Berjaya Corporation Berhad. He is honoured for several remarkable achievements, including the diversification of the conglomerate and its expansion into markets across Asia.  

Malaysia’s leading property marketplaces, PropertyGuru.com.my and iProperty.com.my, jointly organised the black-tie gala dinner and presentation ceremony.  

Hari V. Krishnan, CEO and managing director of PropertyGuru Group, said: “With our Awards, we continue to celebrate property development and design that is setting the standard for excellence in Malaysia. Our panel of expert judges recognise these projects have the chance to create real impact for the nation’s consumers. We believe that our winning developers and their projects will make a lasting, positive influence on the industry.” 

Jules Kay, GM of PropertyGuru Asia Property Awards and Events, said: “Congratulations to the 2023 Malaysia award winners. We are proud to set a gold standard in design and development through the collaboration of two market leaders. With the backing of Malaysia’s premier property marketplaces – PropertyGuru Malaysia and iProperty – the Malaysia awards showcase the very best real estate to property seekers, domestically and internationally.” 

Winners from the Awards in Malaysia may vie for the Best in Asia accolades at the 18th PropertyGuru Asia Property Awards Grand Final 2023 in Bangkok, Thailand on 8 December. 

The 10th PropertyGuru Asia Awards Malaysia in partnership with iProperty.com.my programme is 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 Asian Property Review, BERNAMA, Kopi & Property, Niaga Times, Penang Property Talk, Real Estate Malaysia (REM), The Grid Asia, The Malaysia Voice, and Top 10 of Malaysia; supporting association REHDA Institute; official balloting partner HLB Ler Lum Chew – HLB Malaysia; and official supervisor HLB. 

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

COMPLETE LIST OF WINNERS  

10th PropertyGuru Asia Awards Malaysia in partnership with iProperty.com.my  

DEVELOPER AWARDS 

Best Developer (Malaysia)  

WINNER: WCT Land Sdn Bhd  

Best Developer (Southern Malaysia)  

WINNER: Tanah Sutera Development Sdn Bhd  

Best Developer (Central Malaysia)  

WINNER: WCT Land Sdn Bhd  

Best Boutique Developer 

WINNER: Tanjung Ratna Sdn Bhd  

Best Mixed Use Developer  

WINNER: WCT Land Sdn Bhd  

Best Lifestyle Developer  

WINNER: Mah Sing Group Berhad 

Best Affordable Homes Developer 

WINNER: Perbadanan Kemajuan Negeri Selangor  

 

DEVELOPMENT AWARDS 

Best Luxury High-Rise Development (Central)  

WINNER: Pavilion Mont Kiara by WCT Land Sdn Bhd  

Best High End High-Rise Development (Central) 

WINNER: Est8 @ Seputeh by Eupe Corporation Berhad  

Best Mid End High-Rise Development (Central)  

WINNER: Ayanna Resort Residences @ Bukit Jalil by Chin Hin Group Property 

Best Mass Market High-Rise Development (Central) 

WINNER: M Astra by Mah Sing Group Berhad  

Best High End High-Rise Development (Southern)  

WINNER: Greenville Residences by WCT Land Sdn Bhd  

Best Waterfront High-Rise Development  

WINNER: Residensi ZIG by Mega Legacy (M) Sdn Bhd  

Best Value High-Rise Development  

WINNER: Serasi Residences, Putra Heights Sentral by Sime Darby Property  

Best Lifestyle High-Rise Development  

WINNER: Ayanna Resort Residences @ Bukit Jalil by Chin Hin Group Property 

Best Investment High-Rise Development  

WINNER: IBN Highlands City by IBN Corp  

Best Green High-Rise Development  

WINNER: Allevia Mont’Kiara by UEM Sunrise Berhad  

Best Eco Friendly High-Rise Development 

WINNER: Stellar Damansara by OCR Land Development Sdn Bhd  

Best Connectivity High-Rise Development  

WINNER: The Connaught One by UEM Sunrise Berhad  

Best Mass Market Landed Development (Central)  

WINNER: Verna Serene Heights by UEM Sunrise Berhad 

Best Value Landed Development  

WINNER: Sena Mas @ Tasek Gelugor by PTL Properties Sdn. Bhd. 

Best Smart Home Landed Development  

WINNER: Nada Embun by Seri Pajam Development  

Best Lifestyle Landed Development 

WINNER: Ilham Residence by Sime Darby Property 

Best Completed Landed Development  

WINNER: Sena Mas @ Tasek Gelugor by PTL Properties Sdn. Bhd. 

Best Integrated WFH Development  

WINNER: Residensi ZIG by Mega Legacy (M) Sdn Bhd  

Best Co Living Development  

WINNER: The Meg by Eastern & Oriental Berhad  

Best Industrial Development     

WINNER: Bandar Bukit Raja by Sime Darby Property 

Best Mixed Use Development  

WINNER: The Connaught One by UEM Sunrise Berhad  

Best Retail Development 

WINNER: Sutera Square by Tanah Sutera Development Sdn Bhd  

 

DESIGN AWARDS 

Best Township Masterplan Design  

WINNER: Andaman by Eastern & Oriental Berhad  

Best Mixed Use Architectural Design  

WINNER: The Connaught One by UEM Sunrise Berhad  

Best Luxury High-Rise Architectural Design  

WINNER: Pavilion Mont Kiara by WCT Land Sdn Bhd  

Best High End High-Rise Architectural Design  

WINNER: The MINH Mont’Kiara by UEM Sunrise Berhad  

Best Landed Architectural Design  

WINNER: D’ Art Hills Residence by PH World  

Best High-Rise Interior Design  

WINNER: Est8 @ Seputeh by Eupe Corporation Berhad   

Best High-Rise Landscape Design  

WINNER: Pavilion Mont Kiara by WCT Land Sdn Bhd  

Best Clubhouse Design  

WINNER: D’ Art Hills Residence by PH World  

 

BEST OF MALAYSIA AWARDS 

Best Landed Development (Malaysia)  

WINNER: Ilham Residence by Sime Darby Property 

Best High-Rise Development (Malaysia)  

WINNER: Est8 @ Seputeh by Eupe Corporation Berhad  

 

SPECIAL AWARDS 

Special Recognition in ESG       

WINNER: LBS Bina Group Berhad  

WINNER: Mah Sing Group Berhad  

WINNER: Tanah Sutera Development Sdn Bhd 

 

Special Recognition for CSR  

WINNER: LBS Bina Group Berhad 

WINNER: Tanah Sutera Development Sdn Bhd  

WINNER: WCT Land Sdn Bhd  

 

Special Recognition in Sustainable Design and Construction  

WINNER: LBS Bina Group Berhad 

WINNER: Perbadanan Kemajuan Negeri Selangor  

WINNER: WCT Land Sdn Bhd  

 

PORTAL’S CHOICE AWARDS 

Visionary Developer Award  

WINNER: OCR Group Berhad  

Urban Revival Award  

WINNER: HCK Capital Group Berhad  

Consumer Game Changer Award  

WINNER: Gunung Impian Development Sdn Bhd 

Rising Star Award  

WINNER: BCB Berhad – Ms Lindy Tan 

 

PUBLISHER’S CHOICE AWARD 

Malaysia Real Estate Personality of the Year  

WINNER: Tan Sri Dato’ Seri Vincent Tan, Founder and Advisor, Berjaya Corporation Berhad 

 

PEOPLE’S CHOICE AWARDS 

WINNER: Chin Hin Group Property 

WINNER: Eastern & Oriental Berhad 

WINNER: Glomac Berhad 

WINNER: LBS Bina Group Berhad 

WINNER: Mah Sing Group Berhad 

WINNER: Mitraland Group 

WINNER: Perbadanan Kemajuan Negeri Selangor  

WINNER: Seri Pajam Development 

WINNER: Sime Darby Property  

WINNER: UEM Sunrise Berhad 

 

–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: 
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 37 million property seekers2 to connect with almost 60,000 agents monthly3 to find their dream home. PropertyGuru empowers property seekers with more than 2.9 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 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 Based on Google Analytics data between October 2022 and March 2023. 

3 Based on data between January 2023 and March 2023. 

4 Based on data between October 2022 and March 2023. 

PropertyGuru Reports Third Quarter 2023 Results

Revenues of S$39 Million and Adjusted EBITDA of S$5 Million

  • Total revenues grew 13% to S$39 million in the third quarter 2023, as total revenues ex-Vietnam grew 23%
  • Active cost management drove 69% of incremental year over year revenue into Adjusted EBITDA1
  • Adjusted EBITDA grew to S$5 million in the third quarter 2023, up from S$2 million in the third quarter of 2022

Singapore – November 21, 2023 – PropertyGuru Group Limited (NYSE: PGRU) (“PropertyGuru” or the “Company”), Southeast Asia’s leading 2, property technology (“PropTech”) company, today announced financial results for the quarter ended September 30, 2023. Revenue of S$39 million in the third quarter 2023 increased 13% year over year. Net profit was S$0.3 million in the third quarter and Adjusted EBITDA3 was S$5 million. This compares to a net loss of S$7 million4 and Adjusted EBITDA of S$2 million in the third quarter of 2022.

Management Commentary

Hari_Thumbnail

Hari V. Krishnan, Chief Executive Officer and Managing Director, said “I am pleased that we delivered another quarter of good performance despite diverse market challenges. In the face of continued macro headwinds in Vietnam and weak economic conditions across Southeast Asia, PropertyGuru produced both double-digit revenue growth and double-digit adjusted EBITDA margin for the second consecutive quarter.

As we transition from 2023 to 2024, we continue to see opportunity despite ongoing global economic uncertainty. Our unwavering commitment to helping people make informed property ownership decisions and assisting businesses in harnessing data and technology for growth and efficiency sets us up well to increase market share and develop categories ahead of the cyclic economic recovery.

We continue to invest in property technology and integrating Generative AI. Pioneering solutions that provide an agent clarity on the leads they are nurturing or a property seeker personalized feeds using GuruPicks have received good customer adoption. Our innovative solutions that shipped provided climate risk driven valuation data through DataSense, and holistic homeowner solutions to help home financing and management. Positive customer feedback sets us up well while our multi-pronged strategy should build significant moats for the core business.

We have confidence in the value that PropertyGuru creates for all our stakeholders, but we acknowledge our susceptibility to local economic fluctuations. For instance, the timing of Vietnam’s property market stabilization remains uncertain, prompting us to be laser focused on our company-wide investments as we await greater clarity in 2024.

We believe in the fundamental opportunities in our core markets and remain committed to future growth and profitability anchored around our vision to power communities to live, work, and thrive in tomorrow’s cities.”

joe dische

Joe Dische, Chief Financial Officer, added “PropertyGuru delivered 13% overall revenue growth in the third quarter despite challenging market conditions in Vietnam. Excluding Vietnam, revenues were up a solid 23%. The reported revenue for Malaysia was adversely impacted by depreciation of the local currency.

Beyond our double-digit growth this quarter in the face of a challenging environment, we are especially encouraged that our cost control efforts continue to yield measurable results. Our Adjusted EBITDA margin of 13% is a strong improvement from 6% in the third quarter of 2022. This is the second quarter in a row that we achieved a double-digit Adjusted EBITDA margin, with all of our Marketplaces delivering a profit. In addition, both net income in the third quarter and year-to-date cash flow were positive.

We are focused on delivering ongoing improvements in operating leverage through technology, automation, machine learning and prudent cost management. Our objective is to deliver sustained increases in Adjusted EBITDA margin.

A recovery in Vietnam’s property market is not expected in 2023. Combined with macro-economic and exchange rate challenges in Malaysia, we are lowering our 2023 revenue outlook to S$148-S$152 million. Through effective expense management, our 2023 Adjusted EBITDA outlook remains unchanged at S$11-S$15 million.”

Financial Highlights – Third Quarter 2023

  • Total revenue increased 13% year over year to S$39 million in the third quarter.
  • Marketplaces revenues increased 13% year over year to S$38 million in the third quarter as continued strength in Singapore helped to offset ongoing challenges in Vietnam.
  • Revenue by segment:
    • Singapore Marketplaces revenue increased 24% year over year to S$23 million, as the number of agents and the Average Revenue Per Agent (“ARPA”) grew in the quarter. Quarterly ARPA was up 23% in the third quarter to S$1,279 as compared to the prior year quarter and the number of agents in Singapore was up over 200 to 16,309 from the second quarter of 2023. The renewal rate was 85% in the quarter.
    • Malaysia Marketplaces revenue increased 5% year over year to S$7 million, driven by the ongoing benefit from the Company’s dual brand strategy, offset by macro headwinds. Revenue on a Singapore Dollar basis was negatively impacted by depreciation of the Malaysian Ringgit. On a local currency basis, year over year growth was 11%.
    • Vietnam Marketplaces revenue decreased 33% year over year to S$4 million, as a reduction in the number of listings was partially offset by an increase in the average revenue per listing (“ARPL”). The number of listings was down 41% to 1.2 million in the third quarter compared to the prior year quarter and ARPL was up 16% to S$3.37 from the third quarter of 2022.
    • Fintech & Data services revenue increased 23% to S$2 million.
  • At quarter-end, cash and cash equivalents were S$317 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 comparatives have 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. A portion of the cost of being a listed entity is also included.

Strong Category Leadership Drives Long-Term Growth Opportunities

As of September 30, 2023, PropertyGuru continued its Engagement Market Share5 leadership in Singapore, Vietnam, Malaysia, and Thailand.

Singapore: 83% – 6.2x the closest peer
Malaysia: 92% – 12.8x the closest peer
Vietnam: 80% – 4.0x the closest peer
Thailand: 51% – 1.7x the closest peer

Full Year 2023 Outlook

Vietnam’s property market continues to be affected by government policy interventions that negatively impact consumer sentiment and transaction volumes. In addition, macro-economic issues and currency depreciation have affected the Malaysian business. As a result, the Company now projects full year 2023 revenue to be between S$148 million and S$152 million. Active cost control measures have helped the Company reaffirm full year 2023 Adjusted EBITDA of between S$11 million and S$15 million.

In the short term, Company results may be influenced by several factors outside of its control. These factors include the aforementioned issues in Vietnam and Malaysia as well as property taxation and stamp duty increases in Singapore and a lack of clarity in global fiscal policy stemming from rising interest rates, greater inflationary pressures, and global supply chain complications impacting our customers. 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 Tuesday, November 21, 2023, at 7:30 a.m. Eastern Standard Time / 8:30 p.m. Singapore Standard Time to discuss the Company’s financial results for the third quarter of 2023 and full year 2023 outlook. The PropertyGuru (NYSE: PGRU) Q3 2023 Earnings call can be accessed by registering at:

https://propertyguru.zoom.us/webinar/register/WN_THHA36STR7SUFfdO3jUFxg

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 leading2 PropTech company, and the preferred destination for over 37 million property seekers6 to connect with over 59,000 agents7 monthly to find their dream home. PropertyGuru empowers property seekers with more than 2.9 million real estate listings8, 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.

1 Calculated as the increase in Adjusted EBITDA in the third quarter 2023 year over year divided by the increase in revenue over the same period.

2 Based on SimilarWeb data between April 2023 and September 2023.

3 Included in the S$5 million of adjustments between net income and Adjusted EBITDA in the third quarter of 2023 was a S$6 million depreciation and amortization expense.

4 Included in the S$9 million of adjustments between net loss and Adjusted EBITDA in the third quarter of 2022 was a S$5 million depreciation and amortization expense.

5 Based on SimilarWeb data between April 2023 and September 2023.

6 Based on Google Analytics data between April 2023 and September 2023.

7 Based on data between July 2023 and September 2023.

8 Based on data between April 2023 and September 2023.

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]

Key Performance Metrics and Non-IFRS Financial Measures

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

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, Adjusted EBITDA Margin and incremental Adjusted EBITDA over incremental revenue. 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.

Incremental Adjusted EBITDA over incremental revenue is calculated as the increase in Adjusted EBITDA over the period divided by the increase in revenue over the same period.

A reconciliation of net (loss)/income 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 sustain 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 Vietnam and other countries in which the Group operates; fluctuations in foreign currency exchange rates, particularly in Malaysia; 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 actions between Russia and Ukraine and between Israel and Hamas; 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 INCOME/(LOSS)

**Certain amounts in the prior year have been reclassified to conform to the current year presentation.

PROPERTYGURU GROUP LIMITED AND ITS SUBSIDIARIES UNAUDITED CONDSOLIDATED BALANCE SHEETS

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

*Certain amounts in the prior year have been revised to conform to the current year presentation.

The 18th PropertyGuru Thailand Property Awards distinguish the kingdom’s finest commercial, residential real estate

FROM RETAIL TO RESORT DEVELOPMENTS, AWARD RECIPIENTS REPRESENT THE MOST OUTSTANDING CROSS-SECTION OF REAL ESTATE IN THAILAND

BANGKOK, Thailand — PropertyGuru Group (NYSE: PGRU), Southeast Asia’s leading property technology company, today announced the Winners and Highly Commended recipients of the 18th PropertyGuru Thailand Property Awards, presented by Mitsubishi Elevator (Thailand) and supported by gold sponsor JLL.

The black-tie gala dinner and presentation ceremony laureled the kingdom’s most illustrious, innovative developers across 63 categories at The Athenee Hotel, A Luxury Collection Hotel, Bangkok. This year’s award recipients represent an outstanding cross-section of real estate in Thailand, with the participation of development firms from Greater Bangkok, Phuket, the Eastern Seaboard, Hua Hin, Khao Yai, and more.

Sena Development won the most competitive accolade of the night, the Best Developer award, for the first time in the 18-year history of the Awards. Habitat Group Co., Ltd. garnered the most wins, which include the Best Lifestyle Developer award; the sought-after Best Condo Development (Thailand) award for its project Wyndham Grand Residences Wongamat Pattaya; and a few titles for the project Highland Park Pool Villas Pattaya.             

The prestigious Best Retail Developer title went to The EM District Co., Ltd. The EmSphere Shopping Complex, the latest phase of the shopping district that includes Emporium and EmQuartier, was honoured as Best Retail Development.        

Phuket9 was another prolific winner, gaining the title of Best Developer (Phuket), in addition to wins for its project Rawayana. PNP Real Estate Co., Ltd. also rose to the top with several wins, such as the Best Breakthrough Developer (Hua Hin) award and various titles for the project La Felice Villa Hua Hin.

Other winners in the Developer categories were Andaman Asset Solution, winner of the Best Boutique Developer (Phuket) award, supported by a win for The Residence Prime; Botanica Luxury Phuket Co., Ltd., winner of Best Luxury Developer (Phuket), with a win for Botanica Grand Avenue; MontAzure, winner of Best Mixed Use Developer (Phuket), with a win for MGallery Residences MontAzure by Kamala Beach Resort & Hotel Management Co., Ltd.; Patta Development Co., Ltd., winner of Best Housing Developer (Eastern Seaboard); The Riviera Group, winner of Best Condo Developer (Eastern Seaboard); and Wallaya Villas Development, winner of Best Housing Developer (Phuket).    

Sammakorn Plus Company Limited and Sammakorn-JV1 Company Limited netted several wins for their projects, such as the sought-after Best Housing Development (Thailand) title for the former’s project, Park Heritage Pattanakarn. The latter also scored a couple of wins for the project Barnyard Khaoyai.

Another big winner of the night was KingBridge Tower Company Limited (Saha Pathana Inter-Holding Public Company Limited), whose project, KingBridge Tower, also gained multiple wins.

Thongma Vijitpongpun, vice chairman of the board of directors, Pruksa Holding Public Company Limited, accepted the Thailand Real Estate Personality of the Year award from the editorial team of Property Report by PropertyGuru, the official magazine.

He said: “For the 2023 Thailand Real Estate Personality of the Year Award, I would like to take this opportunity to express my sincere thanks to PropertyGuru for taking part in conveying my intentions as well. This award is even more valuable because I have a companion moving towards the goal of creating better changes together.”

He is honoured for at least three decades of leadership in the field of residential development as well as innovations in prefab and precast construction technologies, among other achievements.

Jeremy Williams, managing director, Marketplaces, PropertyGuru Group, said: “Thailand is a key market for us at PropertyGuru Group as we pursue our vision to power communities to live, work and thrive in tomorrow’s cities. The meticulous selection of these award winners aligns with our aim to promote trust in the real estate industry and infuse confidence into the decisions of Thailand’s property seekers, sellers, and owners. From the dazzling skylines of the city to the idyllic coast and countryside, these great developers and projects have truly made a difference in the property sector and brought lasting, innovative, sustainable change to Thailand. Congratulations to all the recipients of the PropertyGuru Thailand Property Awards.

Jules Kay, GM of PropertyGuru Asia Property Awards and Events, said: “After nearly two decades, the PropertyGuru Thailand Property Awards programme continues to support and elevate the standard of real estate development and design in the kingdom. Over the years, the Awards have adapted and evolved to reflect an ever-changing Thai market. As consumer preferences change and demand for real estate rebounds, we recognise the properties most sought after by today’s property seekers, and shine a light on Thailand’s most desirable investment opportunities. Whether in locations such as Bangkok’s urban hubs or the country’s bucolic coast and countryside, our award winners this year personify the optimism in Thailand’s real estate sector and give cause for celebration.”

The independent panel of judges who determined the list of awardees this year consist of Suphin Mechuchep, chairperson of the Awards in Thailand and CEO, Sen X Group PCL; Chaivut Saengaram, Ph.D., managing director, Chuchawal-Royal Haskoning, Dutch Design & Engineers Consulting Firm; Chaiyuth Pete Thirangoon, director, Akatan Company Limited; Leong Choong Peng, advisor, Mentabuild Limited, consultant, and chartered surveyor; Marciano Birjmohun, vice-chairman, The Singapore-Thai Chambers of Commerce; Dr. Phongthon Tharachai, CEO, Project Planning Service Public Company Limited; Precha Suphapetiporn, president, Thai Real Estate Sales and Marketing Association; Sasivimol Sinthawanarong, design principal, Jarken Co., Ltd.; and Professor Sonthya Vanichvatana, Ph.D, chairperson, the Department of Real Estate, MRICS, associate architect, MSME School of Management and Economics, Assumption University.

The regional panel of judges include specialists in the markets of Eastern Seaboard, Hua Hin, Phuket, and Samui, and consist of Bobby Birt, managing director, Samui Island Realty; Bobby Brooks, founder/director/advisor director, Bobby Brooks Property Advisor Co. Ltd.; Clayton Wade, managing director, Premier Homes Real Estate Co., Ltd.; George Willoughby, managing director, Form Property; Jessica Green, owner, JG Development; Mattia Taminelli, marketing director & partner, T&S C. Furniture Co., Ltd.; Mesa Wongsida, managing director, North Shore Property Co., Ltd.; Khun Piti Suebwonglee, attorney & managing partner, Expat Pro; Robert Krupica, partner, Hughes Krupica Consulting Co., Ltd; Russ Downing, managing director, Hot Hua Hin Co. Ltd.; Sirikwan Tan, senior associate, Hughes Krupica Consulting Co., Ltd; and Torasingh ‘Tony’ Tangkuptanon, founder/managing director, Worldnance Co., Ltd.

HLB Thailand, member of HLB International Real Estate Group, supervised the judging and selection process under the leadership of co-managing partner Paul Ashburn with the assistance of Sakanphon Fueangwong.

Established in 2005, the PropertyGuru Thailand Property Awards remain the longest-running awards programme of its kind in the country. Main country winners of the PropertyGuru Thailand Property Awards will be eligible to compete in the 18th PropertyGuru Asia Property Awards Grand Final on Friday, 8 December, also in Bangkok, Thailand. The selected winners will contend for the Best in Asia regional honours against their peers from Cambodia, Indonesia, Malaysia, Philippines, Singapore, and Vietnam, as well as Australia, India, Japan and China.

Organised by PropertyGuru Group, 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 Discover Pattaya, Hot Magazine, Prop2morrow, REm, Terra BKK, Think of Living, and Top 10 Thailand; official beverage partner Fah Mai Holdings; supporting associations British Chamber of Commerce Thailand (BCCT) and IFC – Excellence in Design for Greater Efficiencies; and official supervisor HLB.

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

COMPLETE LIST OF WINNERS AND HIGHLY COMMENDED AWARDEES

18th PropertyGuru Thailand Property Awards

DEVELOPER AWARDS

Best Developer                           

WINNER: Sena Development       

Best Lifestyle Developer                            

WINNER: Habitat Group Co., Ltd.

Best Retail Developer                 

WINNER: The EM District Co., Ltd.             

Best Developer (Phuket)                           

WINNER: Phuket9         

Best Luxury Developer (Phuket)                

WINNER: Botanica Luxury Phuket Co., Ltd.

Best Housing Developer (Phuket)             

WINNER: Wallaya Villas Development       

Best Mixed Use Developer (Phuket)                        

WINNER: MontAzure     

Best Boutique Developer (Phuket)                           

WINNER: Andaman Asset Solution

Best Condo Developer (Eastern Seaboard)              

WINNER: The Riviera Group        

Best Housing Developer (Eastern Seaboard)                         

WINNER: Patta Development Co., Ltd.      

Best Breakthrough Developer (Hua Hin)                 

WINNER: PNP Real Estate Co., Ltd.           

                                                   

DEVELOPMENT AWARDS

Best Luxury Condo Development (Bangkok)                          

WINNER: The Issara Sathorn by Charn Issara Development PLC               

Best Affordable Condo Development (Bangkok)                    

WINNER: Premio Unic Ekkamai-Ladprao by Premium Place Group Company Limited

Best Luxury Condo Development (Phuket)              

WINNER: MGallery Residences MontAzure by Kamala Beach Resort & Hotel Management Co., Ltd.

Best Condo Development (Phuket)                          

WINNER: Phyll Phuket by Central Pattana Residential

HIGHLY COMMENDED: The Origin Centre Phuket by Origin Property PCL

HIGHLY COMMENDED: The Title Halo 1 (Naiyang Beach) by Rhom Bho Property Public Company Limited (TITLE)

HIGHLY COMMENDED: VIPKaron by Phuket9

Best Condo Development (Eastern Seaboard)                       

WINNER: Wyndham Grand Residences Wongamat Pattaya by Habitat Group Co., Ltd.

HIGHLY COMMENDED: The Riviera Ocean Drive by The Riviera Group

Best Luxury Beachfront Condo Development (Hua Hin)

WINNER: Sasara Hua Hin by Issara United Co., Ltd.

Best Ultra Luxury Housing Development (Bangkok)              

WINNER: 95E1 (Ninety-Five East One) by SC Asset

Best Luxury Housing Development (Bangkok)                       

WINNER: Park Heritage Pattanakarn by Sammakorn Plus Company Limited

Best Housing Development (Bangkok)                    

WINNER: The Arbor Donmueang-Chaengwatthana by AssetWise Public Company Limited

Best Housing Development (Greater Bangkok)                      

WINNER: Cherea Vicinity Ratchaphruek – Jetsadabodin by Peace & Living PLC

Best Affordable Housing Development (Greater Bangkok)             

WINNER: Britania Bangna KM.39 by Britania Public Company Limited

Best Ultra Luxury Housing Development (Phuket)                 

WINNER: Botanica Grand Avenue by Botanica Luxury Phuket Co., Ltd.

Best Lifestyle Housing Development (Phuket)                       

WINNER: Longone Villas by YLP Yadalong Property

Best Luxury Housing Development (Khao Yai)                      

WINNER: Bella Del Monte by Property Perfect Public Company Limited

Best Housing Development (Khao Yai)                    

WINNER: Barnyard Khaoyai by Sammakorn-JV1 Company Limited

Best Housing / Villa Development (Eastern Seaboard)                   

WINNER: Highland Park Pool Villas Pattaya by Habitat Group Co., Ltd.

Best Housing Development (Hua Hin)                     

WINNER: La Felice Villa Hua Hin by PNP Real Estate Co., Ltd.

Best Residential Development (Greater Samui)                     

WINNER: Urasaya Beachfront Residences by Urasaya Property Co., Ltd.

Best Smart Home Development                

WINNER: The Residence Prime by Andaman Asset Solution

HIGHLY COMMENDED: La Felice Villa Hua Hin by PNP Real Estate Co., Ltd.

Best Retail Development                           

WINNER: The EmSphere Shopping Complex by The EM District Co., Ltd.

Best Office Development                           

WINNER: KingBridge Tower by KingBridge Tower Company Limited (Saha Pathana Inter-Holding Public Company Limited)

Best Well Being Office Development                       

WINNER: AIA East Gateway by AIA Company Limited

Best Boutique Mixed Use Development                   

WINNER: Salaya One by Menam Development Co., Ltd

Best Boutique Mixed Use Development (Phuket)                   

WINNER: Rawayana by Phuket9

Best Sustainable Development                 

WINNER: KingBridge Tower by KingBridge Tower Company Limited (Saha Pathana Inter-Holding Public Company Limited)

 

DESIGN AWARDS

Best Condo Architectural Design                             

WINNER: Wyndham Grand Residences Wongamat Pattaya by Habitat Group Co., Ltd.

HIGHLY COMMENDED: Andaman Bay View Residencies Chalong Phuket Thailand by PropertyStore Thailand Co., Ltd.

HIGHLY COMMENDED: Grene Prime Don Mueang – Songprapha by Preeda Real Estate Co., Ltd.              

Best Ultra Luxury Housing Architectural Design                    

WINNER: Nirvana Collection Krungthep Kreetha by Nirvana Development Public Company Limited

Best Luxury Housing Architectural Design               

WINNER: Park Heritage Pattanakarn by Sammakorn Plus Company Limited

Best Housing Architectural Design (Bangkok)                       

WINNER: Belvedere by Wynn Property

Best Ultra Luxury Housing Architectural Design (Eastern Seaboard)                    

WINNER: The Prospect Villa by Grand Paradise Villa

Best Housing Architectural Design (Eastern Seaboard)                  

WINNER: Highland Park Pool Villas Pattaya by Habitat Group Co., Ltd.

Best Housing Architectural Design (Phuket)                          

WINNER: Longone Villas by YLP Yadalong Property

HIGHLY COMMENDED: LuxPride by Wallaya Villas Development

Best Housing Architectural Design (Hua Hin)                        

WINNER: La Felice Villa Hua Hin by PNP Real Estate Co., Ltd.

Best Residential Architectural Design (Greater Samui)                   

WINNER: Urasaya Beachfront Residences by Urasaya Property Co., Ltd.

Best Condo Interior Design                        

WINNER: Wyndham Grand Residences Wongamat Pattaya by Habitat Group Co., Ltd.

HIGHLY COMMENDED: Andaman Bay View Residencies Chalong Phuket Thailand by PropertyStore Thailand Co., Ltd.

Best Housing Interior Design (Hua Hin)                   

WINNER: La Felice Villa Hua Hin by PNP Real Estate Co., Ltd.

Best Condo Landscape Design                  

WINNER: Wyndham Grand Residences Wongamat Pattaya by Habitat Group Co., Ltd.

HIGHLY COMMENDED: Origin Play Sri Lasalle Station by Origin Property PCL

Best Housing Landscape Design (Bangkok)                          

WINNER: Cherea Vicinity Ratchaphruek – Jetsadabodin by Peace & Living PLC

Best Housing Landscape Design (Phuket)               

WINNER: Pavara Khiri Collection by Pavara Development Co., Ltd.

 Best Housing Landscape Design (Khao Yai)                          

WINNER: Barnyard Khaoyai by Sammakorn-JV1 Company Limited

Best Affordable Housing Landscape Design

WINNER: Baan GreenHaus by Pruksa Real Estate

Best Boutique Mixed Use Architectural Design                      

WINNER: Rawayana by Phuket9

Best Office Architectural Design               

WINNER: KingBridge Tower by KingBridge Tower Company Limited (Saha Pathana Inter-Holding Public Company Limited)

HIGHLY COMMENDED: AIA Connect by AIA Company Limited

Best Office Interior Design                        

WINNER: KingBridge Tower by KingBridge Tower Company Limited (Saha Pathana Inter-Holding Public Company Limited)

Best Office Landscape Design                   

WINNER: AIA Connect by AIA Company Limited

HIGHLY COMMENDED: KingBridge Tower by KingBridge Tower Company Limited (Saha Pathana Inter-Holding Public Company Limited)

Best Commercial Landscape Design                       

WINNER: Rawayana by Phuket9

                      

BEST OF THAILAND AWARDS

Best Condo Development (Thailand)                      

WINNER: Wyndham Grand Residences Wongamat Pattaya by Habitat Group Co., Ltd.

Best Housing Development (Thailand)                   

WINNER: Park Heritage Pattanakarn by Sammakorn Plus Company Limited         

 

SPECIAL AWARDS    

Special Recognition in ESG                                      

WINNER: AIA Company Limited  

Special Recognition in Sustainable Design and Construction         

WINNER: Habitat Group Co., Ltd.

Special Recognition in Community Services                           

WINNER: Habitat Group Co., Ltd.

WINNER: Patta Development Co., Ltd.      

                                     

PUBLISHER’S CHOICE

Thailand Real Estate Personality of the Year                         

WINNER: Thongma Vijitpongpun, Vice Chairman of the Board of Directors, Pruksa Holding Public Company Limited

 

–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 92 701 2510
E: [email protected]  

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

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

Kritchaorn Rattanapan, Senior Account Director
M: +66 95 616 6461
E: [email protected]

Pimjai Bunchuprasert, Senior Account Director
M: +66 81 116 6900
E: [email protected]

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

Manatsanan Sakornyen, Account Director
M: +66 83 017 0690
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 37 million property seekers2 to connect with almost 60,000 agents monthly3 to find their dream home. PropertyGuru empowers property seekers with more than 2.9 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 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 Based on Google Analytics data between October 2022 and March 2023.

3 Based on data between January 2023 and March 2023.

4 Based on data between October 2022 and March 2023.

PropertyGuru Appoints Ray Ferguson as Chairman of the Board with effect from January 1, 2024

Singapore – November 16, 2023 – PropertyGuru Group Limited (NYSE: PGRU) (“PropertyGuru” or the “Company”), Southeast Asia’s leading1, property technology (“PropTech”) company, today announced the appointment by the board of directors (“Board”) of Mr. Ray Ferguson as an independent non-executive director and Chairman of the Board with effect from January 1, 2024.

Mr. Ferguson will succeed Mr. Olivier Lim, who has been Chair of PropertyGuru’s Board since September 2019.

Mr. Lim has overseen PropertyGuru’s growth to a successful scaled-up business with significantly improved economics and consistent double-digit revenue growth. During his tenure, the Company has successfully ventured into business adjacencies of fintech, data and software solutions and expanded its presence across Southeast Asia through acquisitions in Malaysia, Thailand and Singapore. Significantly, Mr. Lim also oversaw the Company’s successful public listing in March 2022 on the New York Stock Exchange.

Mr. Ferguson has had an extensive career in banking, having been with Standard Chartered Bank for 28 years across Asia, the Americas, the Middle East and Europe. His last role at Standard Chartered Bank was Chief Executive Officer, Singapore. He also served as Chairman and director of several Standard Chartered Bank subsidiary boards.

Mr. Ferguson currently serves as the Chairman of Singlife Group. He serves on the board of Paragon REIT as an independent non-executive director, is the Chairman and Co-founder of ZEN Yachts, and is the non-executive Chairman at fintech company Hashstacs Pte. Ltd.

Mr. Ferguson was awarded the Distinguished Fellow title by the Institute of Banking and Finance, Singapore and is a member of the Singapore Institute of Directors. He is also an Associate of the Institute of Bankers in Scotland.

He holds a Master of Business Administration degree from Henley Management College.

Hari V. Krishnan, Chief Executive Officer and Managing Director, said “On behalf of the Board and management team, I would like to thank Olivier for his leadership over the past four years. He has been an invaluable mentor to the Group leadership team and me personally as we navigated a challenging economic environment with strong growth, expansion and making some big bets. Most significantly, under his guidance we took the Company public, and we thank him for all his contributions to the Company. As we plan for our next phase of growth, I am personally delighted to be working with a seasoned chairman and business builder like Ray.”

About PropertyGuru Group

PropertyGuru is Southeast Asia’s leading[1] PropTech company, and the preferred destination for almost 37 million property seekers[2] to connect with almost 57,000 agents[3] monthly to find their dream home. PropertyGuru empowers property seekers with more than 2.8 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 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:                  

Archetype Singapore                                                

Annabell Woon/Jamie Tan                       

[email protected]

PropertyGuru Group

Sheena Chopra / Divya Ravalie Kuchimanchi

[email protected] / [email protected]

 

[1] Based on SimilarWeb data between January 2023 and June 2023.

[2] Based on Google Analytics data between January 2023 and June 2023.

[3] Based on data between April 2023 and June 2023.

[4] Based on data between January 2023 and June 2023.

International, homegrown developers win big at the 9th PropertyGuru Vietnam Property Awards

CAPITALAND DEVELOPMENT (VIETNAM) LEADS PACK OF WINNING, WORLD-CLASS COMPANIES AT THE HCMC GALA      

HO CHI MINH CITY, Vietnam — PropertyGuru Group (NYSE: PGRU), Southeast Asia’s leading property technology company, proudly announced today the Winners of the 9th Annual PropertyGuru Vietnam Property Awards.

The black-tie gala dinner and presentation ceremony, held for the first time at Vinpearl Landmark 81, Autograph Collection in Ho Chi Minh City, gave honour to the developers and projects that have elevated the Gold Standard of Vietnam real estate.

Clinching the golden statuettes for Best Developer and Best Sustainable Developer, CapitaLand Development (Vietnam) emerged as the biggest winner of the night, garnering a total of seven wins.

Keppel Vietnam also garnered seven wins, including Best Commercial Developer and accolades for its projects Saigon Centre and Sedona Suites Ho Chi Minh City.

Hailed Best Luxury Developer, SonKim Land Corporation received five golden statuettes, including the coveted Best Condo Development (Vietnam) award for The OpusK Residence. Phu Long Real Estates Corporation was another big winner, counting Best Mixed Use Developer and Best Mega Township Development among its five wins. ParkCity Hanoi by ParkCity Group was named Best Community Developer, also one of five wins for the company.

Other winners in the Developer categories were DOJILAND Real Estate Investment Company Limited, named Best Lifestyle Developer, and Khai Hoan Land Group Joint Stock Company, named Best Breakthrough Developer.

An esteemed list of multinational and homegrown developers scored a wide array of wins at the Awards. They included BIM Land, a member of BIM Group; Gamuda Land; Huong Viet Holding (HVH); Kusto Home Joint Stock Company; Nalux Development; Tan A Dai Thanh – MeyLand; and TBS Land.

Bach Duong, country manager, Batdongsan.com.vn, said: “Through prestigious awards like PropertyGuru Vietnam Property Awards, developers have proved their capabilities and credibility, establishing higher standards for themselves and the Vietnamese property industry. We look forward to an exciting range of high-calibre residential, commercial, and industrial projects reshaping the skylines of Vietnam as well as more opportunities ahead for the real estate market.” 

Jules Kay, GM of PropertyGuru Asia Property Awards and Events, said: “The Awards highlight Vietnam’s diversified built environment, recognising achievements in categories that cover established excellence, as well as vibrant potential in development and design. These accolades attest to the skill and ingenuity that go into the creation of Vietnam’s townships, mixed-use sites, industrial parks, condominiums, housing developments, commercial spaces, resorts, and more. In an environment of economic recovery, supported by expanding infrastructure networks, these award-winning properties deserve international recognition on a platform that only the PropertyGuru Asia Property Awards can provide.”

The independent panel of judges who determined this year’s list of winners consist of Thien Duong, chairperson of the Awards in Vietnam and general director, Group GSA Vietnam; Chau Ta, executive director – legal transactions, SC Capital Partners Pte Ltd.; David Jackson, chief executive officer, Colliers Vietnam; David McDonald, general director, WT Partnership (Vietnam) LLC; Hang Dang, managing director, CBRE (Vietnam) Co, Ltd.; Jack Nguyen, advisor, Vinacrowd; Jean-Francois Chevance, group director of hospitality and design, Archetype Group; Mauro Gasparotti, director, Savills Hotels APAC; and Paul D. Volodarsky, partner, head of regional real estate practice, head of hospitality sector, DFDL Legal and Tax.

The panel also included specialists in the Hanoi market, consisting of Andras Germ, general manager, Astra; Dang Van Quang, director of strategy consulting services, Navigat; Douglas Lee Snyder, executive director, Vietnam Green Building Council; and Tran Quynh Trang, owner of property management firm Sapphire Indochina.

AASC – HLB Vietnam, the official supervisor of the Awards, upheld the fairness, transparency, and integrity of the selection process, under the leadership of Do Manh Cuong and Lan Ng Hoang.

Main country winners of the PropertyGuru Vietnam Property Awards will advance to the 18th PropertyGuru Asia Property Awards Grand Final on Friday, 8 December in Bangkok, Thailand where they will compete for Best in Asia honours against their peers from Cambodia, Indonesia, Malaysia, Philippines, Singapore, and Thailand, as well as Australia, India, Japan and China.

Organised by PropertyGuru Group, the 9th PropertyGuru Vietnam Property Awards are supported by platinum sponsor Kohler; gold sponsors Dulux Professional and Vasta Stone; official portal partner Batdongsan.com.vn; official magazine Property Report by PropertyGuru; media partners Robb Report, Vietnam Heritage, Vietnam Insider, Vietnam News, and Xay Dung; supporting associations IFC – Excellence in Design for Greater Efficiencies and Vietnam Green Building Council; and official supervisor HLB.

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

COMPLETE LIST OF WINNERS

9th PropertyGuru Vietnam Property Awards

DEVELOPER AWARDS

Best Developer                           
WINNER: CapitaLand Development (Vietnam)                                

Best Luxury Developer               
WINNER: SonKim Land Corporation          

Best Commercial Developer                     
WINNER: Keppel Vietnam           

Best Sustainable Developer                      
WINNER: CapitaLand Development (Vietnam)        

Best Mixed Use Developer                        
WINNER: Phu Long Real Estates Corporation                                                

Best Lifestyle Developer                            
WINNER: DOJILAND Real Estate Investment Company Limited                                                                    

Best Community Developer                       
WINNER: ParkCity Hanoi by ParkCity Group                                    

Best Breakthrough Developer                   
WINNER: Khai Hoan Land Group Joint Stock Company                                 

 

DEVELOPMENT AWARDS

Best Mega Township Development                         
WINNER: Mailand Hanoi City by Phu Long Real Estates Corporation

Best Waterfront Township Development                 
WINNER: Meyhomes Capital Phú Quốc by Tan A Dai Thanh – MeyLand

Best Mixed Use Development                    
WINNER: Saigon Centre by Keppel Vietnam

Best Boutique Mixed Use Development                   
WINNER: The OpusK – Luxury Boutique Office by SonKim Land Corporation

Best Completed Serviced Apartment Development               
WINNER: Sedona Suites Ho Chi Minh City by Keppel Vietnam         

Best Landmark Development                    
WINNER: Golden Crown Hai Phong by DOJILAND Real Estate Investment Company Limited

Best Ultra Luxury Condo Development (HCMC)                     
WINNER: The OpusK Residence by SonKim Land Corporation                       

Best High End Condo Development (HCMC)                          
WINNER: Elysian by Gamuda Land                          

Best Luxury Condo Development (Hanoi)               
WINNER: The Reflection West Lake by Kusto Home Joint Stock Company                           

Best High End Condo Development (Hanoi)                           
WINNER: Lumi Hanoi by CapitaLand Development (Vietnam)         

Best Condo Development (Binh Duong)                  
WINNER: Green Tower Di An Binh Duong by TBS Land

Best Lifestyle Development                       
WINNER: Khai Hoan Prime by Khai Hoan Land Group Joint Stock Company                           

Best Eco Friendly Condo Development                    
WINNER: Elysian by Gamuda Land                                                  

Best Completed Condo Development                      
WINNER: Park Kiara, ParkCity Hanoi by ParkCity Group

Best Connectivity Condo Development                    
WINNER: Green Tower Di An Binh Duong by TBS Land                    

Best Waterfront Housing Development                   
WINNER: Thung lũng Thanh Xuân (Thanh Xuan Valley) by BIM Land, a member of BIM Group                          

Best Office Development                           
WINNER: The Hallmark by Huong Viet Holding (HVH)

Best Integrated Resort Development                       
WINNER: Anara Binh Tien by Nalux Development                  

DESIGN AWARDS

Best Mixed Use Architectural Design                       
WINNER: The OpusK – Luxury Boutique Office by SonKim Land Corporation

Best Luxury Condo Architectural Design                  
WINNER: The Reflection West Lake by Kusto Home Joint Stock Company                           

Best High End Condo Architectural Design              
WINNER: Lumi Hanoi by CapitaLand Development (Vietnam)         

Best Completed Condo Landscape Design              
WINNER: Park Kiara, ParkCity Hanoi by ParkCity Group                  

Best Condo Landscape Design                 
WINNER: Lumi Hanoi by CapitaLand Development (Vietnam)         

Best Biophilic Landscape Design              
WINNER: Elysian by Gamuda Land

BEST OF VIETNAM AWARD

Best Condo Development (Vietnam)                       
WINNER: The OpusK Residence by SonKim Land Corporation

SPECIAL AWARDS

Special Recognition in ESG                       
WINNER: Keppel Vietnam
WINNER: Phu Long Real Estates Corporation          

Special Recognition in Sustainable Design and Construction          
WINNER: CapitaLand Development (Vietnam)        
WINNER: Keppel Vietnam
WINNER: ParkCity Hanoi by ParkCity Group                                                  

Special Recognition for CSR                      
WINNER: CapitaLand Development (Vietnam)
WINNER: DOJILAND Real Estate Investment Company Limited          
WINNER: Keppel Vietnam
WINNER: Phu Long Real Estates Corporation                                                

Special Recognition for Building Communities                      
WINNER: Keppel Vietnam           
WINNER: ParkCity Hanoi by ParkCity Group            
WINNER: Phu Long Real Estates Corporation          

 

–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 92 701 2510
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 (Vietnam)
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 37 million property seekers2 to connect with almost 60,000 agents monthly3 to find their dream home. PropertyGuru empowers property seekers with more than 2.9 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 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 Based on Google Analytics data between October 2022 and March 2023.

3 Based on data between January 2023 and March 2023.

4 Based on data between October 2022 and March 2023.

Excellent companies vie for the 4th PropertyGuru Asia Property Awards (India)

THE COUNTRY’S FINEST INTEGRATED, MIXED-USE, AND COMMERCIAL DEVELOPERS WILL GATHER IN BANGKOK THIS DECEMBER

BANGKOK, Thailand — Organisers of the PropertyGuru Asia Property Awards (India) have announced the shortlist of nominated companies vying for the real estate industry’s highest accolades in 2023.

The 4th PropertyGuru Asia Property Awards (India) will celebrate excellence in the real estate sector across 10 categories, including the Best Sustainable Developer award. The awards ceremony will happen Friday, 8 December 2023 at The Athenee Hotel, a Luxury Collection Hotel, Bangkok.

The companies vying for the 2023 Awards include Brigade Group; DLF Cyber City Developers Ltd.; Embassy REIT; Raiaskaran; S. Raheja Realty; Supreme Universal; and Tribeca Developers & Acropolis Developer.

India’s finest integrated, mixed-use, and office projects, among others, are contending for various accolades this year. They include Brigade Cornerstone Utopia; Embassy Hub Phase 1; Embassy Manyata Block D1 & D2; The Ark- Voyage to the Stars; and Turner House.

The independent panel of judges who determined the shortlist of nominees this year consist of Ajai A Kapoor, CEO of 360 degrees – Real Estate Services; Avinash Khater, founder chairman, The Real Estate Kings (TREK); Jitender Girdhar, co-founder & director, Qonqests Technical Solutions and VDC Technologies; Madhav Raman, co-founder, Anagram Architects; Ravi Ahuja; Shradha Batra Mithal, director, Alto Vita; and Sidhartha Talwar, principal and co-founder, Studio Lotus.

HLB supervised the selection process under the leadership of Surabhi Bansal, partner with HLB Advisory Services Delhi LLP.

Main winners of the PropertyGuru Asia Property Awards (India) will be eligible to compete at the 18th PropertyGuru Asia Property Awards Grand Final on Friday, 8 December in Bangkok, Thailand. They will vie for the ‘Best in Asia’ honours against their peers from Cambodia, Indonesia, Malaysia, Philippines, Singapore, Thailand, and Vietnam, as well as Australia, Japan, and China.

Organised by PropertyGuru Group (NYSE: PGRU), Southeast Asia’s leading property technology company, the 4th PropertyGuru Asia Property Awards (India) are supported by official portal partner Housing.com; official marketing partner SHK360; official magazine Property Report by PropertyGuru; media partner The Hindu; supporting association IFC – Excellence in Design for Greater Efficiencies; and official supervisor HLB.

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

The Winners and Highly Commended awardees in these categories will be presented at the celebration on 8 December 2023:

4th PropertyGuru Asia Property Awards (India)

DEVELOPER AWARD

Best Sustainable Developer                      

DEVELOPMENT AWARDS

Best Integrated Development                   

Best Mixed Use Development                   

Best Office Development                           

                      

DESIGN AWARD

Best Office Architectural Design               

                      

SPECIAL AWARDS

Special Recognition in ESG                        

Special Recognition in Sustainable Design and Construction         

Special Recognition for Landmark Office Design                   

Special Recognition for Luxury Development                         

Special Recognition for Redevelopment                                

 

–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 92 701 2510
E: [email protected]    

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

Sales & Nominations:
Monika Singh, Solutions Manager
M: +66 87 677 4812
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 37 million property seekers2 to connect with almost 60,000 agents monthly3 to find their dream home. PropertyGuru empowers property seekers with more than 2.9 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 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 Based on Google Analytics data between October 2022 and March 2023.

3 Based on data between January 2023 and March 2023.

4 Based on data between October 2022 and March 2023.

The 10th PropertyGuru Asia Property Awards (Mainland China, Hong Kong, Macau) name exceptional shortlisted nominees

TOP DEVELOPERS AND DESIGN PRACTICES COMPETE FOR HALLMARKS OF REAL ESTATE EXCELLENCE IN CHINA

BANGKOK, Thailand — Organisers of the PropertyGuru Asia Property Awards (Mainland China, Hong Kong, Macau) today revealed the shortlist of nominated companies that will be advancing to the highly anticipated landmark celebration.

The 10th Annual PropertyGuru Asia Property Awards (Mainland China, Hong Kong, Macau) will distinguish achievements in real estate development and design across 29 categories. The 2023 presentation of the Awards will be held at The Athenee Hotel, a Luxury Collection Hotel, Bangkok on Friday, 8 December.

This year’s shortlist of nominees includes some of the nation’s most exceptional developers and prolific design practices. The companies in contention for the Awards in Mainland China are AREP & AUBE & CAPOL; Benoy Limited; Design Power House (DPH); J&A Design; Lead8; New World China; Shanghai Tianhua Architecture Planning & Engineering Ltd.; Shun Tak Qiantan (Shanghai) Cultural and Real Estate Company Limited; and Zhuhai Huafa Properties Co., Ltd.

The companies in contention for the Awards in Hong Kong and Macau are Centralcon Properties Company Limited; China Construction Engineering (Macau) Company Limited; CITIC Pacific Ltd; CK Asset Holdings Limited & Sun Hung Kai Properties Limited; CSI Properties Limited; Lead8; and Sino Land Company Limited.

The independent panel of judges who determined the shortlist of nominees this year in Mainland China consist of Ken Ip, chairperson of the Awards in Mainland China and chairman of Asia MarTech Society; Chou Guang Ming (Ray), founder/creative director, Vermilion Zhou Design Group; Coco Lin, principal/project director, B+H Consulting International Inc.; Eunice Wu, property director, China Merchants Shekou/Overseas Development Division; Fang Lei, founder, One House Design; Guo Nu, founder and design principal, AUD Architect and Urban Design; James Woo, executive director, co-head of valuation, China, Valuation & Advisory Services, Colliers; Jesse Wang, design director, F.G Studio; Luo Minjie, director of Planning and Design Department, Sichuan Waterfront Urban and Rural Development Co., Ltd; Wang Shaoqing, founder/chief designer, CLV.DESIGN; Wei JinJing, founder & chief creative director, Nature Times Art Design; and Zhong Ling, founder, DUTS design.

The independent panel of judges who determined the shortlist of nominees this year in Hong Kong and Macau consist of Paul Tse, chairperson of the Awards in Hong Kong and Macau and president of the board of directors of the Macao Association of Building Contractors and Developers; Bernie Devine, senior regional director, Asia Pacific, Yardi Systems, Inc.; Gregory Ku, head of logistics and industrial, Jones Lang LaSalle Limited Hong Kong; Jimmy Wardhana, co-founder and principal, JWCC Architecture Co. Ltd; Oliver Tong, general manager, Jones Lang LaSalle Macau & Zhuhai; Vincent Cheung, founder and managing director, Vincorn Consulting and Appraisal Limited; Sr Yew, Edmond, vice-president, China Real Estate Chamber of Commerce (HK and International Chapter); and Yu Kam Hung, past president, The Hong Kong Institute of Surveyors.

Eric Dong, general manager of Baicheng Tax Services – HLB China, upheld the fairness, transparency, and integrity of the selection process of the Awards in Mainland China. HLB Hodgson Impey Cheng Limited – HLB Hong Kong, under the leadership of directors Jack Tien and Clara Ng, supervised the selection process for the Awards in Hong Kong and Macau.

Main country winners of the PropertyGuru Asia Property Awards (Mainland China, Hong Kong, Macau) will be eligible to compete at the 18th PropertyGuru Asia Property Awards Grand Final, also set on 8 December in Bangkok, Thailand. They will compete for the Best in Asia honours against their peers from Cambodia, Indonesia, Malaysia, Philippines, Singapore, Thailand, and Vietnam, as well as Australia, India, and Japan.

Organised by PropertyGuru Group (NYSE: PGRU), Southeast Asia’s leading property technology company, the 10th PropertyGuru Asia Property Awards (Mainland China, Hong Kong, Macau) are supported by official partner Anjuke; marketing partner Global Design Awards Lab; official magazine Property Report by PropertyGuru; official publicity partners Artemis Associates and Molihua Media Group (MMG); media partners Mingtiandi and The Standard; and official supervisor HLB.

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

The Winners and Highly Commended awardees in these categories will be presented at the celebration on 8 December 2023:

10th PropertyGuru Asia Property Awards (Mainland China)

DEVELOPER AWARD

Best Developer (Mainland China)                           

 

DEVELOPMENT AWARDS

Best Ultra Luxury Condo Development (Mainland China) 

Best Luxury Condo Development (Mainland China)

Best Mixed-Use Development (Mainland China)                   

Best Retail Development (Mainland China)                          

Best Landmark Development (Mainland China)                    

                                                                                

DESIGN AWARDS

Best Mixed Use Architectural Design (Mainland China)

Best Retail Architectural Design (Mainland China) 

Best Retail Interior Design (Mainland China)           

Best Mixed Use Interior Design (Mainland China)

 

BEST OF MAINLAND CHINA AWARD

Best Condo Development (Mainland China)            

   

10th PropertyGuru Asia Property Awards (Hong Kong, Macau)

DEVELOPER AWARDS

Best Developer (Hong Kong and Macau)

Best Boutique Developer (Hong Kong and Macau)                

 

DEVELOPMENT AWARDS

Best Luxury Condo Development (Hong Kong)                                             

Best Condo Development (Hong Kong)                                          

Best Hotel Development (Hong Kong and Macau)                                       

Best Retail Development (Hong Kong and Macau) 

Best Green Development (Hong Kong and Macau)                                       

Best Landmark Development (Hong Kong and Macau)         

                      

DESIGN AWARDS

Best Luxury Condo Architectural Design (Hong Kong and Macau)                                       

Best Condo Architectural Design (Hong Kong and Macau)    

Best Luxury Condo Interior Design (Hong Kong and Macau)          

Best Condo Interior Design (Hong Kong and Macau)             

Best Office Architectural Design (Hong Kong and Macau)              

Best Office Interior Design (Hong Kong and Macau)

Best Clubhouse Interior Design (Hong Kong and Macau)      

                      

BEST OF HONG KONG AND MACAU AWARD

Best Condo Development (Hong Kong and Macau)               

                      

SPECIAL AWARDS

Special Recognition in ESG (Hong Kong and Macau)

Special Recognition in Sustainable Design and Construction (Hong Kong and Macau)                          

 

–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:
Kai Lok Kwok, Solutions Manager
M: (+66) 97117 8595
E: [email protected]

Samuel Poon, Asst. Manager, Awards
M: +60 16 411 4361
E: [email protected]

Yiming Li, Solutions Manager
M: +66 082 292 1309
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 37 million property seekers2 to connect with almost 60,000 agents monthly3 to find their dream home. PropertyGuru empowers property seekers with more than 2.9 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 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 Based on Google Analytics data between October 2022 and March 2023.

3 Based on data between January 2023 and March 2023.

4 Based on data between October 2022 and March 2023.

Noteworthy companies make the elite shortlist for the 2023 PropertyGuru Asia Property Awards (Greater Niseko)

ACHIEVEMENTS IN DEVELOPING JAPAN’S PREMIER SKIING DESTINATION WILL BE PRESENTED AT A REGIONAL CEREMONY IN BANGKOK

BANGKOK, Thailand — The 2023 PropertyGuru Asia Property Awards (Greater Niseko) today revealed the shortlist of companies poised to receive recognition at the annual presentation and awards ceremony in December in Bangkok where they will be joined by finalists from around the region.

The 2023 PropertyGuru Asia Property Awards (Greater Niseko) will recognise the most impressive, transformative companies in Japan’s premier skiing destination across 15 categories. The titles will be presented on Friday, 8 December 2023 at The Athenee Hotel, a Luxury Collection Hotel, Bangkok.

The nominees shortlisted for the 2023 awards in Greater Niseko include notable developers and organisations, namely Apex Property; Blue Waves Group; Hokkaido Hospitality Holding; Hotel101 Global Pte. Ltd.; Iconic Group; NISADE & The Luxe Nomad; Niseko Area Mountain Bike Association (NAMBA); Rooftop RE (Japan) Pte Ltd; Sushi Kato; and Takuetsu Co., Ltd.

A wide range of outstanding projects are also shortlisted this year as nominees, including Aki Niseko; Aura Niseko; Hanacreek; Hanaridge; Hotel101-Niseko; Niseko Kyo; Powder Loft Niseko; Sushi Kato Setsu Niseko; Ultimo Niseko; and Zia Niseko.

The independent panel of judges who determined the shortlist of nominees this year consist of Eddie Guillemette, chairperson of the Greater Niseko awards and CEO, Midori no Ki (MnK); Acme Wu, marketing director, Niseko Tourism; Bill Barnett, founder and managing director, C9 Hotelworks; Greg Hough, managing director, Niseko Portfolio and Explore Travel Group; Minoru Okubo, representative director, ResortPropertyJapan Co., Ltd.; and Shigeru Uehara, director, Niseko Home Design, Ltd.

HLB upheld the fairness, transparency, and credibility of the selection process under the supervision of Paul Ashburn of HLB International Real Estate Group.

Main winners of the PropertyGuru Asia Property Awards (Greater Niseko) will be eligible to compete at the 18th PropertyGuru Asia Property Awards Grand Final on Friday, 8 December in Bangkok, Thailand. They will vie for the Best in Asia honours against their peers from Cambodia, Indonesia, Malaysia, Philippines, Singapore, Thailand, and Vietnam, as well as Australia, India, and China.

Organised by PropertyGuru Group (NYSE: PGRU), Southeast Asia’s leading property technology company, the 2023 PropertyGuru Asia Property Awards (Greater Niseko) are supported by official magazine Property Report by PropertyGuru; media partners Bridges and Powderlife; supporting association Niseko Tourism; and official supervisor HLB.

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

The Winners and Highly Commended awardees in these categories will be presented at the celebration on 8 December 2023:

2023 PropertyGuru Asia Property Awards (Greater Niseko)

DEVELOPER AWARD

Best Developer                           

 

PORTFOLIO AWARD

Best Property Management Portfolio                      

 

DEVELOPMENT AWARDS

Best Luxury Hotel Condo Development                   

Best Value Hotel Condo Development                     

Best Resort Housing Development                          

Best Estate Housing Development                           

                                                   

DESIGN AWARDS

Best Mixed Use Resort Architectural Design                          

Best Resort Housing Architectural Design               

Best Hotel Condo Architectural Design                    

Best Resort Housing Interior Design                        

Best Restaurant Design              

Best Resort Restaurant Design                  

        

BEST OF GREATER NISEKO AWARDS

Best Condo Development (Greater Niseko)

Best Housing Development (Greater Niseko)

                      

SPECIAL AWARD  

Special Recognition for Public Recreation Facility                          

 

–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 92 701 2510
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 37 million property seekers2 to connect with almost 60,000 agents monthly3 to find their dream home. PropertyGuru empowers property seekers with more than 2.9 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 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 Based on Google Analytics data between October 2022 and March 2023.

3 Based on data between January 2023 and March 2023.

4 Based on data between October 2022 and March 2023.

PropertyGuru Group Limited to Report Third Quarter 2023 Financial Results on November 21, 2023

October 31, 2023; Singapore – PropertyGuru Group Limited (NYSE: PGRU) (“PropertyGuru” or “the Company”), Southeast Asia’s leading1 property technology company, today announced that it will report third quarter 2023 financial results on Tuesday, November 21, 2023. Management will host a conference call and webcast on Tuesday, November 21 at 7:30am Eastern Standard Time (EST) / 8:30pm Singapore Standard Time (SGT), following the release of its earnings materials, to discuss the Company’s financial results and outlook.

What: PropertyGuru Group Limited Third Quarter 2023 Earnings Call

When: Tuesday, November 21, 2023

Time: 7:30 am Eastern Standard Time / 8:30 pm Singapore Standard Time

Register here: https://propertyguru.zoom.us/webinar/register/WN_THHA36STR7SUFfdO3jUFxg

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 leading[1] PropTech company, and the preferred destination for over 37 million property seekers[2] to connect with almost 57,000 agents monthly[3] to find their dream home. PropertyGuru empowers property seekers with more than 2.8 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 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 January 2023 and June 2023.

[2] Based on Google Analytics data between January 2023 and June 2023.

[3] Based on data between April 2023 and June 2023.

[4] Based on data between January 2023 and June 2023.