16th PropertyGuru Thailand Property Awards programme forges ahead through buyer’s market, expands categories

ANTICIPATION BUILDS UP FOR THE KINGDOM’S LONGEST-RUNNING REAL ESTATE AWARDS

• Residential prices remain attractive in Thailand as consumers prioritise horizontal living during pandemic, according
to leading property portal DDproperty.com
• Wider range of categories for awardees, including an expanded list of Developer awards and new honours fordevelopments
with club facilities
• Exclusive black-tie gala dinner to be held on 3 December 2021, with a simultaneous global premiere on
AsiaPropertyAwards.com and partner channels
• Highlights to air on the History Channel, the Official Cable TV Partner of the Awards
• HLB Thailand appointed as Official Supervisor, maintaining credibility, fairness, and transparency of the Awards
judging process

Thailand’s leading market commentators discussed the state of the economy and the real estate industry in a media roundtable ahead of the 16th edition of the PropertyGuru Thailand Property Awards, supported by gold sponsors Mitsubishi Electric and JLL Thailand, and bronze sponsor Bathic. With more new categories at stake, Thailand’s longest-running real estate awards programme renewed its call for entries and public nominations as experts delivered updates to the kingdom’s recovering property sector. The 16th PropertyGuru Thailand Property Awards will be held in December at an exclusive black-tie gala dinner and presentation ceremony to be safely conducted in Bangkok.

According to DDproperty.com, Thailand’s leading property website and the official portal partner of the PropertyGuru Thailand Property Awards, residential property prices will likely continue to decline this year because of Covid-19 and the economic slowdown, which affect buying decisions.

Attractive time
The second quarter of 2021 is an “attractive time” for buyers and long-term investors in Thailand due to low interest rates and property prices, especially those of condominiums, according to DDproperty’s recent Thailand Property Market Index. Bangkok’s property Price Index stood at 190 points in Q2 2021, a decrease of 4 percent from the previous quarter and the lowest index since Q2 2018. Although the decrease in the Price Index applied to all residential property types, it was particularly evident in condominiums as consumers expressed more interest in horizontal properties or homes that offer bigger living spaces. This is consistent with DDproperty’s latest Thailand Consumer Sentiment Study, which reveals that more than 50 percent of consumers choose property size as the number one priority when buying or renting a home.

Wider range of categories
This year, the PropertyGuru Thailand Property Awards will reward property developers and developments in a wider range of competitive categories, reflecting the profusion of real estate players in the kingdom beyond Greater Bangkok. They include the never-before-presented titles of Best Developer (Eastern Seaboard), Best Developer (Phuket), Best Developer (Samui), Best Developer (Northern Thailand) and Best Developer (Southern Thailand). Other new categories include awards for Best Club Facilities Development and Best Club Facilities Design.

The 16th PropertyGuru Thailand Property Awards will comply with health and safety standards and enforce Covid-19 restrictions and protocols, ensuring a safe, enjoyable event and ceremony for all. The Awards will remain as credible, fair, and transparent as ever with the participation of HLB Thailand as Official Supervisor. Paul Ashburn, co-managing partner of HLB Thailand and ASPAC leader for HLB Real Estate Group, joined the roundtable on behalf of the country’s leading international accounting and advisory ﬁrm to present on the integrity of the Awards’ judging process.

The 16th PropertyGuru Thailand Property Awards will be accepting official entries and nominations from the public until 27 August. Submissions are currently being accepted here: AsiaPropertyAwards.com/nominations

Key dates for the 2021 edition:
27 August 2021 – Entries Close 6 September-1 October 2021 – Site Inspections
7 October 2021 – Final Judging 3 December 2021 – Gala Dinner and Awards Ceremony in Bangkok
9 December 2021 – Regional Grand Final Gala Event

Winners and Highly Commended awardees will be revealed on Friday, 3 December 2021 at The Athenee Hotel, a Luxury Collection Hotel, Bangkok. The in-person gala event and awards presentation will premiere online on the same day at AsiaPropertyAwards.com/tv-podcast and the official channels on Facebook, LinkedIn, Twitter and YouTube. Viewers can also watch highlights of the programme on the History Channel, the Official Cable TV Partner of the Awards.