PropertyGuru Thailand Property Awards 16th Edition Confirmed for December 3rd introduces new award categories for outstanding developers in the "North-South" regions and excellent central area developments.

PropertyGuru Thailand Property Awards collaborates with partners to announce the readiness for the annual awards ceremony on December 3rd, adding new awards for outstanding developers in the northern and southern regions as well as excellent central area developments. The aim is to elevate the standards of real estate in Thailand. Meanwhile, data from DDproperty.com indicates that the real estate market in Q2 2021 is a golden era for buyers, allowing them to shop for "quality properties at special prices," with property prices expected to remain stable until the end of the year.

According to DDproperty.com, residential property prices are expected to decline further this year due to the impact of the COVID-19 pandemic and the sluggish economy, which has affected consumer decision-making. Ms. Kamolpat Swaengkit, Managing Director of DDproperty Thailand, stated, "Most new projects launched in the first half of the year are horizontal developments targeting real demand buyers and investors with cash. Additionally, property prices are expected to remain stable until the end of 2021 or until the situation improves."

Ideal Investment Timing
The latest property market index report from DDproperty indicates that the second quarter of 2021 is considered an "attractive time" for investment for consumers and long-term investors in Thailand, due to low interest rates and declining property prices, especially for condominiums.

The property price index in Bangkok stood at 190 points in Q2 2021, down 4% from the previous quarter, marking the lowest index since Q2 2018. The declining index encompasses all types of residential properties, particularly condominiums, as consumers show more interest in purchasing horizontal properties with larger usable areas.

This index report aligns with the latest consumer confidence report from DDproperty, which states that over 50% of consumers prioritize the size of the property when considering a purchase or rental.


Expanded Award Categories
This year, the 16th PropertyGuru Thailand Property Awards has introduced new awards for property developers and projects to reflect the diversity of the real estate business in the country, beyond Bangkok and its vicinity. This includes awards for Best Developer in various regions such as Best Developer (Eastern Seaboard), Best Developer (Phuket), Best Developer (Koh Samui), Best Developer (Northern Region), and Best Developer (Southern Region), as well as awards for Best Club Facilities Development and Best Club Facilities Design.

Mr. Jules Kay, Managing Director of PropertyGuru Asia Property Awards and Events, revealed that they have continuously improved the coverage, accessibility, and technology of the PropertyGuru Asia Property Awards since 2005. The 16th PropertyGuru Thailand Property Awards will be held following COVID-19 prevention measures to ensure a safe event and provide a great experience for all attendees.

PropertyGuru Thailand Property Awards is one of the missions to find outstanding companies and projects in real estate, with a nomination and judging process conducted by a panel of experts from various fields. The independent panel, consisting of trusted experts and judges, is chaired by Ms. Suphin Mechuchep, Executive Chairman of Jones Lang LaSalle (Thailand) Ltd., ensuring that the awards are recognized for their reliable, fair, and transparent standards, supported by HLB Thailand as the fair judging process overseer, led by Mr. Paul Ashburn, Managing Director of HLB Thailand and ASPAC Leader of HLB Real Estate Group, a leading international accounting and consulting firm.

The 16th PropertyGuru Thailand Property Awards will accept nominations for various real estate projects from January 1, 2021, until August 27. The judging panel will review and visit the projects from September 6 to October 1.

The awards will be judged on October 7, leading up to the awards announcement at the gala dinner and award ceremony for the 16th PropertyGuru Thailand Property Awards on December 3, followed by the regional awards at the PropertyGuru Asia Property Awards Grand Final on December 9, 2021.

Individuals and organizations can now nominate various real estate projects for the 2021 awards online at AsiaPropertyAwards.com/nominations. The awards ceremony for winners and honorees in various categories, along with the gala dinner, will take place on Friday, December 3, at The Athenee Hotel Bangkok, a Luxury Collection Hotel, with live streaming available on AsiaPropertyAwards.com/tv-podcast and across Facebook, LinkedIn, Twitter, and YouTube for a global audience. Highlights of the event will also be available on the History Channel, the official cable TV partner.

Seeking Best in Asia
Winners from Thailand will be honored in the finals of the regional PropertyGuru Asia Property Awards Grand Final, competing for the "Best in Asia" award, which will take place in Bangkok on Thursday, December 9, 2021, as part of PropertyGuru Week, which includes the PropertyGuru Asia Real Estate Summit and the international awards ceremony for winners from Australia, China, India, Japan, and Sri Lanka.

Last year, the gala dinner for the PropertyGuru Asia Property Awards Grand Final was streamed online for the first time, attracting over 516,000 viewers and reaching audiences and real estate investors in over 75 countries worldwide.

During the 15th awards last year, Thai companies won 5 outstanding regional awards at the PropertyGuru Asia Property Awards Grand Final, including L.P.N. Development Public Company Limited, which won Best Sustainable Developer (Asia), Habitat Group, which won Best Low Rise Condo Architectural Design (Asia) and Best Condo Interior Design (Asia) for the Walden Thonglor 8 project, The PARQ by Kasemsap Siri Co., Ltd., which won Best Office Development (Asia), and Istani Villas by Idea Development Co., Ltd., which won Best Housing Interior Design (Asia).

The 16th PropertyGuru Thailand Property Awards is organized by PropertyGuru Group, a leading real estate technology company in Southeast Asia, with gold sponsors including Mitsubishi Electric and JLL (Thailand).

Bronze sponsors include Bathic Products and Sales Co., Ltd. Online media partners include DDProperty.com, History Channel, PropertyGuru Property Report magazine, PR partner Infinity Communications, and media partners Discover Pattaya, HOT Magazine, Locanation, Luxury Society Asia, Pattaya Trader, and REm Thailand. Charity partner Right To Play, and sustainability partners (Environmental, Social, Governance: ESG) include the Child Development Network Foundation and the Green Building Consulting & Engineering Association, with official suppliers GFour Wines & Spirits and official judging overseers HLB Thailand.

For more information, please contact [email protected]
or visit the website AsiaPropertyAwards.com