ASIA'S PREMIUM REAL ESTATE MAGAZINE
ISSUE 001 Jul | Sep 2016
CRYSTAL LAGOONS IS REVOLUTIONISINGASIA'S REAL ESTATE
WHY YOU SHOULDN’T IGNORE THIS PHILIPPINE HOTSPOT Make Makati your next investment destination
VIETNAM REAL ESTATE All eyes and ears are on this market
SHIFTING WORK CULTURES How office space is responding
INSIDE: PROJECT SPOTLIGHTS FROM ACROSS THE WORLD
®
THINKING GLOBAL BUSINESS? WE ARE ... AND HAVE BEEN FOR A LONG TIME.
Our roots date back to the early 1960s, but our real strength is our network of 500 top-performing real estate agencies in nearly 60 countries. And just how do we make the best real estate agencies better? With the industry’s most innovative marketing, technology, business development and education programs. Our members don’t have to rely on us to be successful. We simply make being a leader a little easier, more profitable and – dare we say – more fun? If you are a local leader, it’s time to align with the best firms who are part of a global powerhouse. Leading Real Estate Companies of the World® – the global brand behind your successful local brand.
LeadingRE.com CHICAGO
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800.621.6510
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LONDON
| +44 20 3399 9040 |
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| +65 6408 0507
Dot Property Magazine Asia's premium real estate magazine Jul | Sep 2016
Managing director emerging & frontier markets
Managing director's note
Alva Horgan
I am truly honoured to be introducing
main focus of using online digital services
the first ever edition of the regional Dot
to increase their brand exposure and reach
Property magazine, that supplements our
their target audience. Using their feedback
Editor
already strong online presence.
we are continuing to pave the way for the
Virginia Ewart-James
emerging markets with our exemplary
virginia@dotpropertygroup.com
Over the last few months, myself and the team have been busy on the road meeting clients from the Philippines, Vietnam, Malaysia, Myanmar and Cambodia. I
customer service and ability to produce results - it is certainly an exciting time to be a part of moving Asia online.
would like to take this opportunity to thank
Now sit back and enjoy reading Asia's
everyone who welcomed us on our travels,
premium real estate magazine!
alva@dotpropertygroup.com
Head of content (emerging & frontier markets) Andrew Batt andrew.batt@dotpropertygroup.com
who contributed to this edition, and those
Junior editor
who have played a part in the launching
Katilyn Berg
of our eight new country specific online portals. We have listened to each and every one
Alva Horgan Managing director emerging & frontier markets
of our clients to clearly understand their
katilyn@dotpropertygroup.com
Art director Weerasak Tham-amorn
Graphic design support Prapatsorn Kajornsakwongwai
Editor's note
Rattiya Panya
Here at Dot Property headquarters we
growth of Asia's serviced offices and
are entering yet another exciting chapter
co-working spaces (p.40) in response to
SALES TEAM
in our development with the latest string
the changing needs for businesses. Plus
Tanya Yu
to our bow - our brand new regional Dot
each edition will be showcasing projects
Country manager Philippines
Property magazine. As a self confessed
from across the regions, and other global
tanya@dotpropertygroup.com
property geek, it gives me great pleasure
locations including the UK and Australia.
to be part of this growth to give our investors that extra edge. Property moves fast, and to always be one step ahead of the game we will be providing our readers with an insight into the latest real estate
I would love to hear any feedback or
Country manager Vietnam
comments that you may have to make our
kristian@dotpropertygroup.com
magazine even better, but in the meantime, happy reading of our maiden edition!
Regional business sunniya@dotpropertygroup.com
news and lifestyle topics.
at the fast changing Vietnam (p.30)
Sunniya Kwatra development manager
trends across South East Asia, including
In this edition, we will take a close look
Kristian Brennan
Virginia Ewart-James Editor
For sales and distribution info@dotpropertygroup.com
and Philippines (p.34) markets, plus the
Dot Property Group strives for accuracy however we will not accept liability for any direct, indirect, incidental, special, consequential or exemplary damages, including but not limited to damages relating to loss of profits, goodwill or other intangible losses resulting from your use of any information contained within this publication. We strongly suggest that buyers should always engage a competent and independent law firm when purchasing property and should invest in detailed due diligence.
ŠDot Property Pte. Ltd. 16 Raffles Quay #33-03 Hong Leong Building, Singapore 048581 ŠDot Property Co. Ltd. 142 Two Pacific Place Building, 24th Floor, Room 2403, Sukhumvit Road, Klongtoey, Bangkok 10110
What our clients say about us “The team from Dot Property is very engaging and supportive. Whenever we have concerns or we need help in boosting our listings, they are always ready to help and attentive to our needs. We’ve seen significant increase in our enquiries and 16 percent of the enquiries received were from Dot Property alone. We are expecting more to come with all the active programs and features that they are doing for us. Definitely a great partnership. Cheers to more successful years of doing business together! Can we shout about this everywhere!” Phoebe Bernardo, Philippines commercial marketing manager
“An essential marketing platform for us - the team really go the extra mile to understand our business and build plans that continue to deliver results and sales leads for our offices.” David K. Dennison, SVP business development
“Being in the industry for nearly 15 years, I have always been dubious about marketing on property portals, especially paid ones. However I have watched Dot Property grow from strength to strength over the recent years, so I decided to take a leap of faith and see if they could deliver the results they promised me, which they have, and I have every faith in them that they will continue to.” Emma Johnson, Managing director
“We have tried many other apparently similar offerings, Dot Property Group which far and away eclipses anything else we have experienced prior... the results speak for themselves.” Kuno Zabell, Managing director
“We have worked with Dot Property since day one and they offer first class lead generation. In an era where we are reliant so heavily online for our business, by using Dot Property, I am assured that they set out what they promised to achieve with a professional attitude to match and continue to deliver a huge proportion of our leads.” David Wood, Managing director
“On behalf of Exotiq Property Koh Samui, Lizette and I would like to thank Dot Property for the most exemplary service we have received from them since day one. Not only have our prestigious properties received the right market exposure they deserve, but our every need has been taken care of by a dedicated and highly motivated team of professionals who we believe know how to put their customer’s first. We would not hesitate in recommending Dot Property to anyone looking to advertise in this leading property portal.” Kenny and Lizette Opperman, Managers
“I must congratulate you on the new website platform. Over my career I have uploaded to many websites both here (Thailand) and in the UK, and I must say your new platform is the best I have come across… since you changed platforms I have noticed a distinct increase in enquiries, so clearly the search engines like it too. Well done.” Stephen D Morris, Managing director
4
CONTENTS
ISSUE 001 JUL | SEP 2016
26 Meet our Dot Property emerging & frontier markets team
6
PROJECT SPOTLIGHTS Australia | Jewel Residences Gold Coast
8
Philippines | Alta Monte
12
Vietnam | The DĂ lat at 1200 Country Club & Private Estate
16
United Kingdom | Affinity Living Riverside
20
24
FEATURES Crystal Lagoons is revolutionising Asia's real estate
24
Leading Real Estate Companies of the WorldÂŽ
26
An interview with Paul Boomsma Vietnam Real Estate All eyes and ears are on this market
30
Why you shouldn't ignore this Philippine hotspot
34
30
Make Makati your next investment destination Shifting work cultures Asia's growing appetite for serviced
40
offices and co-working spaces Anamaya A design to make heads turn
44
Regional news
42
40 5
MEET OUR DOT PROPERTY EMERGING & FRONTIER MARKETS TEAM
ALVA HORGAN Managing director emerging & frontier markets Born in Ireland, Alva checks in with her team from around the region as soon as she wakes in the morning before beating Bangkok traffic by zipping to work on her scooter. Having played pivotal roles in the success of other real estate related businesses from Singapore to Thailand, Alva
COVERING ALL CORNERS OF SOUTH EAST ASIA, OUR SPECIALISTS ON THE GROUND ARE MOVING ASIA ONLINE. MEET THE FACES OF DOT PROPERTY’S REGIONAL TEAM AND GET TO KNOW THEM BETTER. LEARN WHY THEY ARE PASSIONATE
is leading the emerging markets and frontier team in this exciting phase of its evolution - a challenge she could not refuse. Describing Dot Property as dynamic, fast paced and ultimately professional, Alva will be the driving force for the future of these emerging markets resulting in Dot Property being hands down the preferred choice for consumers.
ABOUT THE JOB, HOW THEY DESCRIBE DOT PROPERTY AND WHAT MAKES THEM TICK. Contact the team today: info@dotpropertygroup.com 6
SUNNIYA KWATRA Regional business development manager A lover of the concrete jungle and Thai food, Sunniya is based in Bangkok. She sets her targets for the day as soon as she wakes up, which is not surprising since she covers the whole Dot Property region plus internationally too. She is really excited to be a part of South East Asia property market becoming fully digitalised, which Sunniya believes is easily achievable due to Dot Property’s forward thinking approach.
TANYA YU Country manager, Philippines An ambassador for Dot Property, Tanya is positive that its versatility and connectivity enables clients to get quality leads unlike other usual mediums of online advertising. Drinking five cups of coffee a day, she relishes the challenge to secure clients in an already very highly established market. Based in Quezon City, Tanya wouldn’t want to live anywhere else other than her home country of the Philippines but is partial to a western food such as a burger or steak!
KRISTIAN BRENNAN Country manager, Vietnam Having being part of the Dot Property Team for two years, Kristian is focusing on revolutionising the property world in Vietnam. A city lover, he would love to live in Ho Chi Minh City but enjoys that his job takes him there regularly to be part of the exciting phase for Vietnam's property market. Meeting developers and visiting exciting new projects, Kristian just needs his desire to be able to fly to come true so he can get there even quicker!
MELIZZA HERNANDEZ Senior business development manager, Philippines Wanting to be able to read people’s minds, Melizza would love to live in Palawan close to nature and incredible beaches. But in the meantime, she is going to make sure that Dot Property is going to be the number one real estate portal in the Philippines. With prior experience in the property portal world, Melizza finds her job fulfilling and loves getting out and about meeting clients to show them exactly how Dot Property can benefit their business.
LUCY TRAN Business development manager, Vietnam Lucy is convinced that in five years that the property market will be 20 times more developed than it is now. She attributes Dot Property’s professional approach to creating an international playground for the property industry and enabling more foreign investors to enter the Vietnam market. Despite loving seafood, Lucy would still want to live amongst forests and dreams of being based in Dalat to enjoy its wonderful weather and pretty landscapes.
JUSTIN LEBRON Advertising sales executive, Philippines As flexible as a rubber band, Justin lives in Metro Manila. He has vast experience in the property world having worked in the industry since he graduated from college, but his current role at Dot Property is by far the best job he has ever had. Justin loves that Dot Property has unlimited scope, and he is excited that it gives clients flexibility plus a new approach to penetrate the online market.
7
Project Spotlight Australia
Jewel Residences Gold Coast
8
Project Spotlight Australia
While many will admire its stunning crystalline forms, only a limited few will ever have the chance to call Jewel ‘home’.
The Jewel on Surfers Paradise is setting a new benchmark in luxury and design not only in Australia but across the world. Brought to the Gold Coast by world renowned developer Dalian Wanda Group in conjunction with the award winning Ridong Group, the Jewel is costing over AUD 1 billion. Consisting of three towers, it will be the city’s first beachfront resort, five-star hotel and residences to be built in 30 years. Gracing the shores of Surfers Paradise by early 2019, there will be 512 residential apartments, a 169 suite five-star hotel, and high-end retail and culinary precincts. Setting new standards of luxury for apartment and hotel accommodation in Australia, Jewel will put the Gold Coast on the international stage to rival prestige tourist destinations such as Dubai’s Burj Al Arab and Singapore’s Marina Bay Sands. Each tower will have its own unique internal design and bespoke fittings giving buyers the choice of around 50 different apartment types. The internal focus will be firmly on natural materials, all units will have either timber or stone flooring, with kitchens and bathrooms featuring beautiful marble and onyx surfaces offset with state of the art tapware, basins and fittings designed exclusively for Jewel.
"
Setting new standards of luxury for apartment and hotel accommodation in Australia
"
In a competition with hundreds of entries from across the world, the design of the Jewel’s gold crystalline towers was awarded the Best Mixed-Use Architecture Australia, and Highly Commended Mixed-Use Development Australia, by an independent international panel of 70 industry experts chaired by Lord Caithness and Lord Best - members of the UK Parliament's House of Lords. Judging focused on design, quality, service, innovation, originality, and commitment to sustainability.
Developed by
Product
Luxury beachfront
residences and apartment
Architect
DBI
Location
36-44 Old Burleigh Road,
Surfers Paradise, QLD,
Australia
Launch date
Sep 2015
Completion
Early 2019
Land area
1.13 hectare
Unit types
512 apartments
Unit sizes
80 – 350 sq m
Title
Freehold
Price range
From AUD 674K
Maintenance fees AUD 500 Sales office
info@jewelgc.com
www.jewelgc.com
9
Project Spotlight Philippines
Alta Monte
12
Project Spotlight Philippines
Delivering functional, premium homes built for your family
Developed by
Alta Monte is an exclusive residential development located on Magallanes Drive, in Tagaytay City. A sprawling 13 hectare village of 218 units ranging from 300 to 600 square metres, Alta Monte is real estate agent Don Tim' s flagship project. A gated community, Alta Monte features an array of facilities including swimming pools, a multipurpose clubhouse, sport and recreational facilities.
"
"
Country living in the South of the Metro
Situated only a few minutes from schools, government offices, commercial establishments and markets, Alta Monte's 'Leisure Suites' have been widely regarded as the first mid rise multi cluster condominium project in this mountain city of Tagaytay. The leisure suites, a cluster home with six units in each cluster, provides every homeowner exceptional living spaces that are complemented with laidback ambiance. Set in a quiet and rustic surrounding, the fully furnished suites vary from 56 square metres (one bedroom) to 123 square metres (three bedrooms). Each has a scenic bay window adding to their cosy feeling, and the two and three bedroom units have a split level design that resembles an attic.
Product
Leisure suites (cluster homes), grande (single detach homes) & lots
Location
Alta Monte Village, Barangay Kaybagal, Tagaytay City
Launch date
2004
Completion
Already fully developed
Land area
9 hectares
Sub-divisions
4
Sub-division size
13 hectares
Price range
USD 63.7K - 180K
Maintenance fees USD 1 per month Sales office
(+63) 8439471 dontimco@gmail.com www.dontim.com.ph
13
Project Spotlight Vietnam
The DÃ lat at 1200 Country Club & Private Estate
16
Project Spotlight Vietnam
Elevate to Vietnam’s Foremost Country Club & Private Estate
Developed by
The Dàlat at 1200 Country Club & Private Estate sits at 1,200 metres above sea level surrounded by natural pine forests and mountains. An exclusive Private Estate that incorporates a resort development, private residential living, country club, championship golf courses, golf and tennis academies. The Golf Club House is a luxury of its own sitting on an 18-hole championship golf course equipped with a golf academy and driving range, tennis academy and equestrian centre. When members are taking a break from sporting, they can choose from two restaurants a coffee shop, the member’s lounge or the sauna, steam and Jacuzzi to relax in. When it comes time for fun, there is a game room and also a gymnasium, and a conference with meeting facilities including a barbecue terrace for business and leisure.
"
Overlooking stunning vistas across the lake and mountains.
"
30 percent of the first phase of residential units (52 villas and 65 resort residences) have already been acquired by savvy investors. The units occupy pride of place on the hillsides overlooking the stunning vistas across the lake and mountains where average daytime temperatures range from 18 to 27 degrees Celsius. The Dalat is self sufficient due to the estate’s supply of freshwater from natural spring water providing quality drinking water and irrigation for the golf course. This five star is only 30 minutes from Dalat City, 15 minutes from the airport and is maintained to the highest standards through our fully foreign owned development.
Product
Resort and private estate with golf course
Architect
LWK (Hong Kong) & Transform Architects (Vietnam)
Location
Lam Dong Province, Dalat, Vietnam
Completion
Q4 2017
Land area
650 ha. & 183 ha. lake
Unit types
52 Villas, 65 Resort Residences (apartments) & 26 Club Rooms
Title
Leasehold
Price range
Villas: $600K - $1.55mn Apts: $157k - $360k
Golf membership $30k - $160k Maintenance fees
Free for first 10 years for all phase one buyers. Thereafter inline with Vietnam regulations
Sales office
+84 8 3822 11 22 info@dalat1200.com www.dalat1200.com
17
18
19
Project Spotlight United Kingdom
Affinity Living Riverside
20
Project Spotlight United Kingdom
City Centre Investment for the UK’s growing rental market
WATERFRONT CITY CENTRE PROPERTIES DESIGNED TO DELIVER THE UK’S HIGHEST RETURNS. Introducing the future of UK property investment. The UK property market is changing. Home-ownership is the lowest it has ever been as a renting generation begins. Current residential stock doesn’t satisfy these new long-term renters. There’s a GBP 50 billion gap in the market for purpose built, built-to-let property. Our latest brand is filling this gap. Affinity Living Riverside is prime waterfront property with all inclusive facilities designed for this new renting generation. Set in the heart of Manchester, a city named by HSBC as the UK’s top performing investment location, investors receive a future-proof, fully managed asset with contractual yields 50 percent higher than market averages. Ideal for international investors, all of Select Property Group's brands are fully managed and, with a dedicated office in Singapore we are perfectly placed to offer information and guidance to investors throughout Asia.
Developed by
Product
Residential apartments
Location
Manchester, UK
Launch date
2016
Completion
Q3 2018
Unit types
Studio, one bedroom and two bedroom
Price range
From GBP 153K
Sales office
Select Property Group CapitaGreen, 138 Market Street, Singapore
+65 6470 9550 info@selectproperty.com www.selectproperty.com
"
"
Manchester: The UK’s top investment location. HSBC
21
THE PREFERRED CHOICE FOR PROPERTY BUYERS Search today from over 500,000 listings
Search
1.2 million visitors per month
6 million page views
500,000 listings across the group
www.dotproperty.international
Feature
Crystal Lagoons is revolutionising Asia's real estate
Bintan Treasure Bay
MULTINATIONAL WATER INNOVATION COMPANY - ASSOCIATED TO CRYSTAL-CLEAR LAGOONS EXPECTS TO REACH 60 PROJECTS WITHIN THE REGION IN THE NEXT 6 YEARS. Crystal Lagoons is setting a new trend
use any type of water whether it be
says Jaime Rivera, Crystal Lagoons’
in Asia. The only firm in the world to
fresh, salt or brackish, plus it can use
regional director for South East Asia.
offer a novel technology that enables
water from underground aquifers in
the development of massive crystal
the desert and even water that has no
clear lagoons, suitable for swimming,
other alternative use.
bathing and watersports, at very low
Crystal Lagoons’ technology is eco-friendly. The lagoons operate in close circuit environments, thus
“Crystal Lagoons’ innovation –
representing very low levels of water
proprietary and patent-protected in
consumption using up to 30 times
The company’s concept has been
160 countries – is revolutionising
less water than a golf course and just
utilised throughout residential
world markets in areas such as
half the water required by a park of the
developments, public areas, holiday
real estate, urban development,
same size. In addition, Crystal Lagoons
destinations, and hospitality projects.
tourism, public space and industrial
has developed an evaporation control
Of fe ri n g a b e a c h l i ke l i fe s ty l e
applications. These lagoons have
technology that uses a film layer to
anywhere in the world, suited not only
changed the real estate paradigm of
reduce evaporation rates by up to 50
to places where the weather in coastal
‘location, location, location’, creating
percent.
areas is not apt for bathing, but also
tourist destinations in their own right.
for sites far away from the beach, in
The company’s lagoons have become
deserts and even in the heart of cities.
the World’s Top Amenity, with over 300
Furthermore, Crystal Lagoons can
projects in 60 countries worldwide”,
construction and maintenance costs.
24
By exponentially increasing the square metre values in real estate developments, Crystal Lagoons can
Feature positively impact real estate and
presence in the markets that they
main characteristics of this exciting
public developments. “They add value
already are present in, and entering
project is that all the 80 luxury homes
to real estate projects and benefit end
the Philippines, Vietnam, Burma,
have direct access to the crystal
users, providing a radical improvement
Cambodia and Laos.
clear navigable lagoon where people
in the quality of life”, says Rivera. O n av e r a g e t h e y i n c re a s e t h e development’s sale rates by between 30 and 70 percent. Crystal Lagoons turns new places into appealing destinations by adding a stunning crystal clear lagoon, enabling projects that otherwise would have been economically unviable. Hence the company is raising the interest of real estate investment funds, developers and architecture firms, all of which are constantly seeking novel technologies that add value and uniqueness to real estate developments.
Crystal Lagoons is currently working on 20 projects at different development stages and with two projects already
view. As developers constantly up their
“Bintan Treasure Bay” in Indonesia
game to produce the next best thing,
has a 6.3-hectare crystal clear Lagoon
Crystal Lagoons is able to provide
surrounded by a white sandy beach,
a flexible solution to fit a variety of
which has been a real success.
needs. Having already made a mark
Located in the paradise like Bintan
in Asia, an exciting road lies ahead for
Island, 48 kilometres from Singapore,
a company that is going in the right
the project also includes 3,000 second
direction to set about a real change to
home units, four-and five-star hotels
the region’s landscape.
that all serve the growing demand of Singapore’s population for tourist destinations and leisure facilities. This lagoon is suitable for swimming and
Lagoons represents huge benefits to
a host of watersports including cable
communities living in urban spaces
water-skiing, water jet pack, kayaking,
lacking green areas. Crystal Lagoons
windsurfing, snorkeling and paddle
completely changes local realities and
boarding.
of life - a great social contribution.
garden, and also enjoy a privileged
in operation across Asia. One of them,
In the case of public projects, Crystal
it considerably raises people’s quality
can practice watersports from their
For more information: www.crystal-lagoons.com Tel.: +66 2 118 0345 E-mail: infoasia@crystal-lagoons.com
Crystal Lagoons’ second project in South East Asia is MahaSamutr
Making a mark in the ASEAN countries,
Country Club & Luxury Villas located in
South Korea, Taiwan and Japan has
Hua Hin, south from Thailand’s capital
been very exciting for Crystal Lagoons.
Bangkok. Thailand’s highest valued
Setting up a regional branch office to
residential development, it includes
serve the demand, Crystal Lagoons
a 6.3-hectare crystal lagoon with an
is expecting to have 60 projects in
island in its centre, and where luxury
the next six years - deepening their
villas are being built around. The
“THEY ADD VALUE TO REAL ESTATE PROJECTS AND BENEFIT END USERS, PROVIDING A RADICAL IMPROVEMENT IN THE QUALITY OF LIFE”
25
Feature
GROWTH IN ASIA IS A PRIORITY FOR LEADING REAL ESTATE COMPANIES OF THE WORLD®
Beverly Hills, California $7,999,000 www.luxuryportfolio.com WEB ID: QJLJ
W
e are more connected than ever before. People move
match our standards for performance and results. We take
across the world for work or pleasure, and the internet
our commitment to quality very seriously – so much so
enables us to search for property anywhere we choose from
that over 80 percent of all companies that inquire about
the comfort of our own home. Leading Real Estate Companies
affiliation are declined because they do not meet our
of the World® (LeadingRE) creates a network to help facilitate
requirements for market position, brand reputation, service
property investments and relocations on a global scale by
excellence and more.
bringing together 550 companies, 4,000 offices and 128,000 associates producing over one million transactions annually. By collaborating with Dot Property, LeadingRE will be able to gain the invaluable exposure in South East Asia to further enhance its brand and build relations in the region. Dot Property catches up with Paul Boomsma, chief operating officer at LeadingRE, to find out more about the company and this exciting chapter in their growth.
LeadingRE has become known as a real success story. What do you feel are the main factors behind this success? Our success is driven by the quality of the firms in our network and our focus on bringing them programs, services and opportunities that support their growth. As a result of our stringent standards, our brokers are recognised for their agility, expertise, and superior knowledge of both local and global markets—qualities unique to our independent firms.
What was the journey like to get where you are today? Leading Real Estate Companies of the World® was established in 1997 when leaders from 50 of America’s most respected real estate firms created an organisation focusing on higher industry standards, and new and innovative services for their clients. Today, we are a flourishing, highly-respected company that connects real
What three words would you associate with LeadingRE? Quality. Connections. Independence.
Is the core of your business relocations or people looking for a second home?
estate firms, real estate sales associates, and real estate
Of the 30,000+ affiliate-to-affiliate client introductions
buyers and sellers from around the world. The result is
that we facilitate each year, a majority are for people
billions of dollars of affiliate-to-affiliate home sales each
moving from one area to another – whether to a new
year.
city or a new country. That said, we do see a good number of people looking for second homes, especially
Can you explain how you manage to only work with leading real estate companies? Before extending an invitation for membership, we look at a company’s market share and reputation to ensure they 26
in the luxury segment. This is, of course, largely impacted by the overall strength of the economy, and currently we are seeing healthy activity in this area.
Feature
Buying property can be a stressful time, how does
maximise the tools most applicable to them. And, we
LeadingRE help ease this process?
have specialised programs to meet the needs of different
Consumers can transact confidently when working with a Leading Real Estate Companies of the World® member, knowing they have chosen a firm committed to the highest service standards. For those buying property in a new location, LeadingRE’s long-established relocation network ensures an easier property buying experience. Our members have dedicated relocation teams at the outbound
member profiles. For example, our Luxury Portfolio International® program provides strategic marketing tools for high-end properties and targeted outreach to affluent consumers. Other examples of ways we cater to diverse markets include a program for companies that specialise in working with military personnel and brainstorming groups for specific market types, like resort or retirement.
and inbound locations, which are working with relocating families throughout the process to facilitate a successful move. At the local level, our members are true full-service providers, helping not only with finding the right home, but also with additional home services that may be required.
How do you feel LeadingRE has touched people? One of the awards we present at our annual conference is the Customer Experience Award, and the stories we hear in consideration of these awards are incredible. One real estate agent literally opened her home and provided a place
What excites you most about the new partnership with Dot
to stay for clients who were temporarily displaced during
Property Asia?
a move. Another real estate agent went above and beyond
Growth in South East Asia has been a priority for us, and Dot Property Group’s position as the region’s leading property portal makes it an ideal relationship to help us expand our connections throughout Asia.
How do you feel about being able to reach out to our audience in Asia? The Asian audience represents an incredibly powerful
by providing emotional support as she helped a woman sell the home where her parents had lived for 50+ years following the death of her father. One member company stepped up in a big way after a natural disaster hit its community, serving as a collection center for donations and hand-delivering much-needed supplies. These stories are just a few examples of the ways our members extend themselves every day, and they exemplify the heart of our community.
market segment, not only in Asia but also around the world. By engaging with Dot Property’s audience, we are able to reach even more of this influential group and gain insights on how our member real estate professionals can better serve this clientele.
With coverage in almost 60 countries it must be a big challenge to keep the LeadingRE inventory up-to-date?
Design and property trends can vary across the world, how do you keep on top of these? We stay on top of trends through our own research, by participating at events within the industry and beyond, and with frequent visits to our members’ offices, allowing us to keep a close eye on market trends. >>
Our organisation currently represents over 325,000 homes for sale in nearly 60 countries. We regularly receive property data from a multitude of data organisations that partner with our members, and in some cases, our members send us a direct feed of their listings.
Can you tell me how LeadingRE manages to cater for so many markets? While our members share a common thread of quality, we do represent a broad range of real estate firms in terms of geography, market size and market specialty. Each firm has a dedicated account manager who is in regular contact to provide training and support so that our members
Minusio, Switzerland €6,882,232 www.luxuryportfolio.com WEB ID: XCAW
27
Feature
Miami Beach, Florida - $27,500,000 www.luxuryportfolio.com WEB ID SGMU
What has been the most significant change in trend for
type of business through our cross-border referral team. We
buyers in 2016 compared to previous years?
will focus on meeting the needs of changing demographic
The biggest trend we are seeing is that people are making home buying decisions based more on lifestyle preferences than, for example, a specific architectural style. People want accessibility to community facilities, whether parks, restaurants or recreation. The focus now is more on
groups – working with retirees to find the right-sized house and providing guidance to younger people buying for the first time. We will embrace new technologies that create efficiencies while allowing us to focus on serving our customers.
how you live, rather than simply where you live. When a place offers highly desirable services and/or proximity to
Do you have a message for our readers at Dot Property Asia
preferred amenities, it becomes the place where people
about our new relationship with LeadingRE?
want to be.
We are honoured for the opportunity for Dot Property Asia readers to get to know more about our global real estate
Social media has become a vital communication and
community and look forward to strengthening existing
marketing tool globally, how does LeadingRE embrace
relationships and creating new ones with real estate
social media?
companies, and consumers across Asia.
We recently launched a photo contest on Facebook highlighting photography from our members for our #LeadingRElocal contest. We’ve collected over 40,000 photos from members around the world for our website, LeadingRE.com, and the contest is a way to highlight some of them and let people vote for their favourites each week. Of course, we also share our own announcements, industry news and select member stories. With Luxury Portfolio International®, we are active on Instagram and Pinterest, where we have “Look Books” featuring a wide range of design themes spotlighting beautiful homes listed by our members.
What does the future hold for LeadingRE? Our organisation has thrived for so long because we are nimble enough to anticipate and respond to market trends – whether economic shifts, changes in consumer preferences or emerging technologies. Looking ahead, we will continue to embrace the globalisation of real estate by hosting events in locations around the world, educating our members on international opportunities and facilitating this 28
Paris 7th, France €3,290,000 www.luxuryportfolio.com WEB ID: PGMU
Paul Boomsma Chief operating officer at LeadingRE www.leadingre.com CHICAGO +1 800.621.6510 LONDON +44 20 3399 9040 SINGAPORE +65 6408 0507
29
Editorial
VIETNAM REAL ESTATE All eyes and ears are on this market Virginia Ewart-James
Vietnam’s healthy economy is fast becoming
according to the Boston Consulting Group,
the focus of attention in South East Asia.
international brand names such as Kenzo,
Gross domestic product has been consistently
Yves Saint Laurent, Ted Baker, Zara and Uniqlo
increasing every year, and in 2015 it received
are making an appearance in Vietnam, IKEA is
record high foreign direct investment totalling
expected to follow suit. All this paints a rather
USD 22.8 billion according to the General
rosy outlook for Vietnam.
Statistics Office - a 12.5 percent increase from the previous year. In the same year ASEAN Automotive Federation data noted a 57 percent increase in the number of cars sold, another good indicator to Vietnam’s current state of development.
On the 1 July 2015 Vietnam’s New Law on Housing took effect permitting foreigners to own all types of properties, including condominiums and landed property such as villas and townhouses. Not only foreigners who have been granted a Vietnamese visa can purchase
A fairly stable economy in comparison to
property but also foreign investment funds,
its peers such as Thailand, Philippines and
banks, Vietnamese branches and representative
Indonesia that are considered in comparison to
offices of overseas companies can purchase
be more volatile, economists at Australia and
residential property too. ‘In some of the more
New Zealand Banking Group Ltd have stated
suitable developments the foreigner allocation
that "Vietnam is positioned to have another
has now been met, however good volumes of
stellar year in 2016".
quality supply are set to continue’, comments
In response to this and Vietnam’s rising - and fastest growing in South East Asia - middle class that is expected to almost triple by 2020 30
Troy Griffiths, deputy managing director for Savills, "We’re now seeing alternate asset classes of landed property and coastal second homes attracting interest".
"The Vietnamese economy continues to outperform with strong indicators on most macro variables, from currency robustness to GDP growth."
Editorial Ho Chi Minh City Real Estate Association reports
schools, restaurants, plus retail commercial
that approximately 700 foreigners have bought
and financial centres. The developer, Phu My
high-end houses in Ho Chi Minh City since the
Hung Development Company, has said that the
law took effect until the end of the first quarter
number of expats in Phu My Hung New Urban
of 2016. CBRE Vietnam has also started to see
Areas has increased by 35 percent in the last
signs of traction as 13 percent of transactions
two years, many drawn to the area’s green
in the first quarter of 2016 were by foreigners,
environment and the infrastructure that makes
and they have also seen a change in the type
day-to-day life easy.
of purchaser active in Vietnam’s market. In 2015, owner occupiers dominated the market, but 54 percent of investors in the first quarter of 2016 were buy-to-gain investors followed by 28 percent buy-to-let investors and 18 percent owner occupiers. This shows the sheer confidence that investors have in Vietnam’s property market as their motives for investing has shifted.
Other developments are hot on the heels of this success story. The Thủ Thiêm New Urban Area is currently under construction in District 2, Ho Chi Minh City. Developed by Sasaki Associates, this vast 1,620 acre urban development will encompass an international trading financial centre, hotels, serviced apartments, offices and condominiums, and is anticipated to replace District 1 in the city. Marc Townsend, managing
W h a t i s i n t e r e s t i n g a b o u t V i e t n a m ’s
director of CBRE Vietnam, comments, “The
development is that building is on a mass scale.
development of Thủ Thiêm offers an opportunity
In Ho Chi Minh City there are plans to build an
to connect the eastern bank of the river with the
underground shopping precinct of 45,250 square
rest of the city. Possessing a large land bank,
metres encompassing 21,600 square metres of
this is an ideal location for the development
walking streets and squares. New urban areas
of a new financial, commercial and residential
have also emerged such as Phu My Hung in Ho
centre for HCMC. The need for a new central
Chi Minh City’s District 7. Former swampland
business district is becoming even more urgent
this is now an area of upmarket real estate with
as the existing CBD is running short of land
onsite facilities such as a range of international
for development”. >>
31
Editorial
In Hanoi, Gamuda Land Vietnam are building
Griffiths, "The Vietnamese economy continues
Gamuda City. Set amongst lush landscaping,
to outperform with strong indicators on most
scenic parks and lakes, Gamuda City will consist
macro variables, from currency robustness to
of a range of housing, plus international schools,
GDP growth. Savills has been extremely busy
a retail park, scenic park and lakes. Strategically
domestically and with overseas sales events in
located to at the end of a proposed metro line,
Taiwan, HK and Singapore".
Gamuda City is ‘designed from ground up to be a sanctuary where you can work, live and play, all in one place’, aimed at all demographics.
Ho Chi Minh City, which is home to half of the Vietnam’s 90,000 expatriate population, remains a much more affordable option than the region’s
The growth of these urban areas is adding
other hubs such as Singapore and Bangkok.
to Vietnam’s buoyant property pipeline.
Between 2016 and 2030 the number of new
Additionally the hospitality sector continues its
projects in Ho Chi Minh City is expected to reach
positive outlook as Vietnam is being earmarked
245, and 159 new projects in Hanoi according to
as a new holiday destination particularly as the
BCI Media Group. It is still relatively early days
country’s diverse landscape lends itself ideally
for foreigners to own property in Vietnam, but
to golf. CBRE research has reported that 96 golf
with good rental yields, an interesting supply of
courses will be built throughout Vietnam by
investment options on the table, it is an exciting
2020, many of which will have residential units
time for the Vietnamese residential market, and
built alongside them.
one to keep a close eye on.
Sentiment is strong for Vietnam as echoed by 32
Editorial
Why you shouldn’t ignore this Philippine hotspot Make Makati your next investment destination Andrew Batt 34
Editorial
It’s only during recent years that the Philippines
year, noted how the political cycle in the Philippines
has been on the radar of property investors;
is said to greatly impact the economic cycle. The
needless to say those buying for their own use
relatively peaceful and decisive national elections
have always been active, but right now Makati,
last May bodes well for sustaining the country's
part of the capital city of Manila, is proving to be
robust economic growth. The electoral process
an attractive location for property buyers – no
proved once again that Philippines’ democracy
matter what their end goal is.
is stable and that the political actors are mature
But why Makati, and why now? What can the city in the city offer to property buyers? It’s actually the sheer supply and demand issue facing the Philippines that is one significantly compelling reason why property buyers and investors should not easily ignore Makati – one of sixteen ‘cities’ that make up the Metro Manila area of the capital. For investors, average gross rental yields – at more than six percent per annum – puts the city as one of the leaders in South East Asia, and ahead of the likes of Bangkok, Kuala Lumpur and Singapore. Makati itself is famous for being the financial centre of the country, with many significant financial organisations, local and multinational corporations calling Makati their home. What may come as a surprise to many is that Makati is the 41st most densely populated city in the world. So for both property buyers and investors, there are significant reasons why this city needs a closer look.
enough to accept the verdict of the elections. Likewise, it said the state of the economy impacts the real estate market. According to its own latest market research report, real estate firm CBRE noted that demand for residential condominiums are still positive – and this is in spite of the lackluster performance of revenues from Overseas Filipino Workers (OFW) remittances. The slowing has been mainly due to the state of the global economy but there was still growth in demand for residential properties and a high number of monthly take-up rates during the first three months of the year. The real estate firm attributed the demand to the expansion of several industries, particularly the Business Process Outsourcing (BPO) sector that continues to drive demand from Filipinos for condominiums around Metro Manila particularly in Makati and Bonifacio Global City. Most property developers still consider BGC and Makati’s CBD to be the top destination when it comes to luxury condominium investments, given the proximity to
The key driver of growth is a projected demand of
major commercial areas such as Greenbelt Park,
5.5 million houses needed this year alone, and if
Glorietta, Uptown Mall, Venice Piazza, Bonifacio
not met the backlog will only increase – as it has
High Street, etc.
been for several years – and is why developers are aiming to deliver a million housing units to reverse what has been a widening gap between supply and demand.
Global investors have already been taking a keen interest in the Philippines in general. Just a few months ago the country overtook Thailand in a monthly ‘Top of the Props’ report by leading British
Many onlookers feel there is a danger of market
overseas property website themovechannel.com.
oversupply due to the brisk development of
This sent shockwaves through the Thailand real
mid-market residential condominiums, but the
estate sector that for years had been the most-
likes of Ayala, DMCI, Filinvest, Lopez/Rockwell,
searched South East Asia property destination for
Megaworld, Metrobank, Robinsons, SM, and
Brits and Europeans in general. Whether it was a
Vista Land Groups are continuously building and
decline in Thai interest or a rise in the Philippines,
successfully selling. This should indicate that any
the fact that both countries are now vying for
mentions of an oversupply could not be further
serious interest from overseas can only be a good
from the truth.
thing for the country, and for Makati which can
Pinnacle Real Estate Consulting Services, in its
only benefit from the rising interest.
market report for the second three months of the
35
36
Lifestyle | Kitchen
De Dietrich’s sleek and smooth Chef Hob features a bevelled top and bottom chrome edges and a capacitive TFT tactillium touch screen.
Nominated for the German Design Award 2017, Küppersbusch’s downdraft ventilation is compact and minimalist. Freeing up space, it gives kitchens even more options for a slick architectural design.
37
38
Lifestyle | Bathroom
‘Pætchwork/ Collection created by Piero Lissoni, one of the world’s leading designers, features an overall unique identity robust with sophistication, simplicity and style. COTTO has perfected the art of harmonious beauty for bathrooms.
Artifacts, a new bathroom faucet collection from Kohler, puts a personal spin on traditional design. Coordinating taps, handles and accessories empower homeowners to curate a collected look all of their own.
39
Editorial
Compass Offices
Shifting work cultures
Asia's growing appetite for serviced offices and co-working spaces Virginia Ewart-James
The traditional nine to five working
models are adjusting to these
just as a temporary measure, clearly
day is changing. Technology has sped
changing working habits, and so the
demonstrating the type of tenants
up tasks, we can connect globally in
office environment has to adapt too.
appealing to serviced office solutions.
Serviced offices provide flexibility,
“Co-working is growing massively in
location and convenience. In contrary
popularity and not only among cash-
to the myth that they are suited just
strapped start-up and sole traders”,
to freelancers and entrepreneurs,
comments Eric van der Wulp, country
an instant, and smartphones allow us to work on the go. More people work independently as freelancers than ever before and some companies have employees working remotely scattered across the world. Recent research from global serviced office
managers for Regus
“Co-working is growing massively in popularity and not only among cash-strapped start-up and sole traders”
operator Regus has revealed that 66 percent of business people across the world are seeking a better work-life balance. Asia’s work attitude is shifting too. Ipsos Business Consulting predicts that 25 percent of ASEAN's total population want flexibility, with work-life balance being valued even higher than salary when considering companies. Business 40
tenants can rent just one desk but service office operator Compass Offices’ flexible office layouts can accommodate companies of up to 50 employees, all without having to
Vietnam. “The corporate world is also increasingly moving towards more flexible working models and employee demand is
certainly driving it in the direction of the more relaxed and collaborative atmosphere found in co-working spaces”.
commit to a fixed, long commercial
Co-working spaces are a shared
lease. Regus states that 67 percent of
working environment that can be
their tenants are using their facilities
rented hourly, daily, weekly or monthly
as a permanent solution and not
that generally form part of serviced
Editorial offices. Aimed at smaller companies, solo workers or people who relish the networking opportunities they create, co-working spaces provide a setting for people to bounce ideas off each other, share ideas and solve problems. They are even a hit for larger companies that occupy their own premises.
role they play for the country. Smaller scale companies are more likely to have limited budgets for office space, and are more susceptible to growth or shrinkage requiring up or downsizing with short notice. Serviced offices are able to cater to these characteristics, and costs are kept down by sharing facilities.
Google’s offices are designed in a
Additionally, serviced offices are often
manner that employees from different
situated in prime central locations
teams ‘collide’ throughout their
with prestigious addresses that
working day in break out areas or when
tenants benefit from operating their
grabbing a snack. These collisions
business from, plus tenants can take
aid communication and creativity to
advantage of the city’s mass transit
help grow the business, an ethos that
network that central locations have.
is watered down in serviced office environments.
In response to the growing number of serviced offices and co-working spaces, businesses are given the opportunity to rethink their office space strategy. One of Asia’s largest proper ty firms CapitaLand has identified that alternative solutions are required to meet the needs of tenants. Adapting to Singapore’s taxing office market, CapitaLand are joint venturing with Collective Works to introduce coworking spaces in Singapore’s CBD designed for fast growing companies in a bid to create an ecosystem where entrepreneurs flourish by working
Serviced office provider Compass Offices occupy prime locations
Recent data released from real estae
across Asia, and
firm CBRE reports that office costs
tenants with transparency of terms
for Asia Pacific have risen 2.7 percent
and business support. However,
year-on-year, 0.3 percent above the
not only do these include dedicated
global average. This has resulted in
receptionists, IT and administrative
unaffordable office rents particularly
support, IT infrastructure, courier
for small and medium enterprises
services, security plus meeting rooms
such as those that dominate the
and conferences facilities feature,
Philippines’ economy. A staggering
but their office in Japan has a gym.
99.6 percent of the 946,988 enterprises
Setups similar to this that provide
in the Philippines in 2014 were micro,
tenants with more than just a space
small and medium enterprises,
to work are certainly the way forward
according to the Philippine Statistics
as people strive to reach the perfect
Authority illustrating the important
work-life balance.
provide their
Compass Offices
side-by-side, a concept not too dissimilar to Google’s ‘collisions’. Traditional office space should take heed. Co-working spaces are thriving and the future looks prosperous as working attitudes shift. A trend that is not expected to change as, "Nowadays people are changing their way of working to encompass mobility and flexibility", says Chu Thi Minh Mhoc, sales and marketing director at Regus Vietnam, both that can easily be fulfilled by serviced offices and coworking spaces.
41
Editorial
REGIONAL NEWS Dot Property has an online presence across nine countries in South East Asia. Fast becoming the onestop shop for real estate agents, developers and investors, the Dot Property platform breaks news as it happens and is considered as a vital source of information for the property industry. We have selected a few snippets from regional stories for you to enjoy.
THAILAND Property Portal Watch Conference 2016 Dot Property attended the Property Portal Watch Conference in Bangkok in May. Rubbing shoulders with some of the industry’s biggest names including The REA Group, Mitula Group, iProperty Group Malaysia, Trovit and Diakrit. Dot Property collaborated with 150 attendees from around the world, with highlights including expert insights into data, case studies and product reveals in order to help the growing industry of property portals. Alva Horgan, Dot Property’s managing director of emerging markets, stated, “It was a great opportunity to attend such an event. We were able to see what strategies other competitors in the industry are utilising and see where our strengths and weaknesses compare. I have to say that Dot Property is full of promising strength, I’m really excited about the direction our company is taking and the future for online real estate marketing has never been so exciting. As Dot Property emerges into new regions across South East Asia, our company continues to grow, learn and even adapt to the different needs of each market.”
VIETNAM / PHILIPPINES Record month for Dot Property portals In June Dot Property Vietnam and the Philippines had experienced the most amount of traffic to date for their country specific websites. Their easy to use interface and navigation is appreciated by users. A great marketing tool, agents are able to update their listing with ease, which has been a contributing factor in generating the interest of searchers. Individuals actively seeking a new property to invest in, or even rent, want to see new options. Dot Property continues to partner with new agents in Vietnam and the Philippines, which in turn continues to create movement across the website platforms. 42
Editorial
VIETNAM Central Group pounces on opportunity Vietnam’s rising GDP has drawn attention from Thai company Central Group. Known for their premium brands in Thailand, Central Group sees Vietnam as its new strategic market and is placing emphasis on Vietnam’s discount store sector which continues to rise in demand. Central Group employs
havens. Expatriates from America,
internally appreciate more in value in
Australia, New Zealand and countries all
comparison to newer buildings, a trend
across Europe are choosing Malaysia
that may be mirrored in Asia where
as their home once reaching retirement
historically newer buildings are most in
due to its lifestyle and affordability.
demand.
Programmes such as the Malaysia My Second Home are aiding this trend by offering an attractive 10 year, renewable and multiple entry visa to qualified
Foreigners account for most of property
applicants.
transactions
14,000 workers in Vietnam across their eight business categories, and in 2015 generated sales of THB 40 million. The company is in the process of changing the name of Big C stores in Vietnam and
SINGAPORE
The first quarter in 2016 revealed that MYANMAR Developers taking advantage of growing economy
more private homes were purchased by foreign buyers compared to the last three months in 2015, according to DTZ. More properties priced over USD
plan to fill the Big C department store
According to Asian Development Bank,
one million were purchase during this
space with their other retail businesses,
Myanmar’s inflation is projected to be
quarter compared to the previous year. It
such as Robins and Nguyen Kim.
the highest in South East Asia over
was noted by DTZ that transactions by
the next two years with a 9.5 percent
Indonesians increased by 12.5 percent,
increase this year and 8.5 percent in
and foreign Chinese and Malaysian
2017. The economic growth in Myanmar
purchases consisted of 42.4 percent
Favourable conditions for property
is creating opportunities for developers
in Q1. In total, 2,830 homes were sold
investors
and coupled with new laws that allow
this quarter, an increase of 27.4 percent
eased foreign sanctions, there is also
compared to the same quarter in 2015.
PHILIPPINES
According to the Fitch Ratings, the Philippines is doing better than most countries in its cluster. Unemployment is the lowest it has been since 2008, and Bangko Sentral ng Philipinas has recorded an all time low inflation rate of 0.9%. Tourism contributes to this growth increasing 11.7% in 2015 from the previous year, which is having a knockon effect on all areas of the property
more interest from overseas investors. Golden Glory Group Pte. is developing a mixed-use development in Yangon as they note that the property market is
Dot Property building media partner
‘picking up speed’. Myanmar is expected
presence
to see 8.6 percent in growth from overseas investors, the most growth in Asia, according to International Monetary Funds.
market. The residential market boasts countless property options for buyers at this time. With relatively easy financing and competitive rents, buyers really win big in the current market especially those purchasing for investment.
MALAYSIA Ranked world’s top retirement haven Expatriates from across the Western world are flocking to Malaysia to retire. According to the 2015 Global Retirement Index, Malaysia has taken fourth place out of the 84 countries ranked as the world’s top retirement
CAMBODIA
Dot Property partnered with the Cambodia Architect and Décor exhibition in Phnom Penh in June. This was the first international exhibit of its kind in Cambodia, which provided industry
MALAYSIA Penang’s heritage buildings are becoming a focus for investors
professionals with the opportunity to formally connect and network with others in the building, architect and design business. Dot Property
George Town in Penang is fast becoming
has created a mark in Cambodia as
the property hot spot for Singaporean
the leading property portal, and has
investors. Targeting rows of at least
produced a lot of buzz in the region. In
10 pre-war shophouses, investors are
return a great deal of interest has been
sometimes paying over the odds in order
placed in Dot Property’s seemingly
to secure the property. Local agents are
endless growth.
commenting that investors are seeing that the pre-war properties are a valuable asset, something which locals cannot yet associate with. Older properties in London that have been updated
For more details contact Alva Horgan, Managing Director Emerging & Frontier Markets, Dot Property Group Email: alva@dotpropertygroup.com 43
Feature
A DESIGN TO MAKE HEADS TURN Virginia Ewart-James
Buildings can take many forms. Skyscrapers towering over cities vying to become the latest tall structure, glass structures such as the Louvre in Paris or even buildings that have been created by recycling existing materials such as the conversion of shipping containers into usable homes. Many of these concepts are considered to be unusual, and sit in stark comparison to their setting that they are built in. A bit like marmite, you either love or hate them.
The island of Samui is arguably one of Thailand's most stunning locations. White sandy beaches meet turquoise waters, against a backdrop of palm trees and a terrain of smooth boulders. These boulders were the inspiration for Anamaya and whilst to some the design may be considered to be futuristic, and even resembles that of the homes featured in the 1960s cartoon sitcom 'The Jetsons' which starred a family living in
Anamaya is no different. The design is far
an utopian future, Hinchliffe reminds us
from boring thanks to Misha Povstaniuk
that the future is not as far away we may
of A-MDM, but what the developer has
think, "Something that is considered to be
set out to do is to create something
futuristic actually isn't, as that is the time
unique, but still fits within its surrounding
we are in now."
landscape.
44
of Anamaya Co. Ltd.
Good and interesting design is about
"We wanted to create something flowing
making something that is iconic, but
and curved, that feels and looks organic,"
works and functions in practical terms
says Steve Hinchliffe, marketing director
now and in decades to come. Some of the
Feature world's leading architecturally designed
Not only can amazing shapes be created
enjoy both with its 270 degree panoramic
buildings are proof of this. Kuala Lumpur's
with curvature and intense detail, but the
views. This is a unique selling point
Petronas Towers were built over 20 years
choice of concrete is vital for Anamaya's
alone, but team it with the slick design
ago and The Empire State Building in New
future. Strong, durable, and easy to
and bespoke finishes at Anamaya and
York was built in the 1930s, but still both
maintain will ensure that Anamaya
you have a rather special result. And this
look cutting edge today.
remains looking sharp and pristine for
is what led Anamaya Co. Ltd. to build a
many years to come.
west facing wedding piazza adjoined
For creative designs to work and be a success, astute care and attention is
The villas sit on the peak of the peninsular
needed. A perfect neat finish is essential with smooth joins as any flaws can be easily spotted and immediately detract from the overall look. This is why Anamaya Co. Ltd. is using 3D printing concrete methods to build. A technique that they are pioneering in Koh Samui, and possibly the whole of Thailand.
"We wanted to create something flowing and curved, that feels and looks organic" boasting some of the most enviable sea views, but also from the sea, the curve of Anamaya's villas resemble clouds
3D printing of complex elements using
hovering above the hills. Anamaya is
fibro cement allows exact precise shapes
definitely setting out what it promises
and sizes to be produced that make up
to do: creating an iconic building but
the fabrication of the building, something
one that blends into its settings and Koh
that traditional building methods would
Samui itself.
not be able to achieve.
The clever positioning of the villas
to one of the villas for guest to hire and enjoy for special events amongst the development's other facilities that include a restaurant and bar, health and beauty spa, yoga studio, squash and racquet ball court, and business centre. Anamaya is for those who appreciate design and skill. As Hinchliffe comments, "People want something to stand out, something that is different from the norm. Design that people can admire and not get tired of. We can embrace that at Anamaya by using the most cutting edge techniques to create exciting properties for people to enjoy".
As the building’s structures are produced
provides dual aspect east and west. Often
For more information:
off site, simultaneously the foundations
a choice needs to be made whether to
www.anamayasamui.com
are dug, speeding up the build by as much
pick a property with a sunrise or sunset
Email: sales@anamayasamui.com
as 60 percent.
aspect, but at Anamaya's Villas you can
Tel: +66 (0) 83 107 9684
45
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RE/MAX Harmony 63/19 Chomsin Soi .1 Hua Hin Prachaup Khirikhan 77110 +66(0)32 511 740, +66(0)81 919 7769 harmony@remax.co.th www.remax.co.th/harmony
SALE
Palm Pavilion Condo Ref : 550-004-00025
“Exclusive Properties”