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The complete Winners list: Cambodia Property Awards 2017

Borey Peng Huoth Group scores a back-to-back Best Developer win

[caption id="attachment_62102" align="aligncenter" width="740"] Borey Peng Huoth Group wins again the biggest accolade of the year for Best Developer (Cambodia)[/caption]

Last year’s champion, Borey Peng Huoth Group, bested all the companies who have entered the second annual PropertyGuru Cambodia Property Awards 2017 and scored its second consecutive Best Developer (Cambodia) title on Friday evening, 24 March.

The Phnom Penh-based developer certainly was having a great year, winning two additional trophies for its acclaimed Grand Star Platinum residential project for Best Landscape Architectural Design and Best Housing Development (Phnom Penh).

"It's a great honour to be crowned the country's Best Developer for a second year in a row. We are grateful for the support from our government and we hope to continue winning these recognitions," said Thay Chea Houth, the firm's president, in a backstage interview with the media during the event held at the Sofitel Phnom Penh Phokeethra.

"We're very excited to represent Cambodia in the grand final in Singapore this November. We will represent Cambodia well," he proudly added.



Nominated five times this year, Phnom Penh City Center collected three awards. Habitat by Habitat also took home three gongs including Best Condo Development (Cambodia), surprising the boutique developer.

Cambodia’s most outstanding real estate developers were honoured in the presence of more than 300 guests including His Excellency Senior Minister Chea Sophara, Minister of Land Management, Urban Planning and Construction and the evening's guest of honour who gave the opening keynote address before the ceremony's live telecast on the Cambodia News Channel, the official broadcaster of the Awards.

Top country winners in Cambodia will now advance to the two-day PropertyGuru Asia Property Awards grand finale this November at the Sands Expo and Convention Center in Singapore to compete for more regional accolades and to be crowned "the best in Asia”.

Below is the full list of Winners and Highly Commended at the PropertyGuru Cambodia Property Awards 2017:

DEVELOPER AWARD

Best Developer


  • WINNER: Borey Peng Huoth Group


  •  

BEST OF THE BEST AWARDS

Best Condo Development (Cambodia)

  • WINNER: Habitat by Habitat


  •  

Best Housing Development (Cambodia)

  • WINNER: Grand Star Platinum by Borey Peng Huoth Group


  •  

SPECIAL AWARD

Special Recognition in Green Development

  • WINNER: Phum Barang by MTP Invest


  •  

DEVELOPMENT AWARDS

Best Condo Development (Phnom Penh)

  • WINNER: Habitat by Habitat

  • HIGHLY COMMENDED: The Gateway by TACC (C.R.) Ltd


  •  

Best Housing Development (Phnom Penh)

  • WINNER: Grand Star Platinum by Borey Peng Huoth Group

  • HIGHLY COMMENDED: Residence90 by Phnom Penh City Center


  •  

Best Residential Development (Siem Reap)

  • WINNER: Phum Barang by MTP Invest

  • HIGHLY COMMENDED: Les Bijoux d'Angkor by RGL Equity (Siem Reap) Co., Ltd


  •  

Best Office Development

  • WINNER: The Vanguard by Phnom Penh City Center

  • HIGHLY COMMENDED: The Gateway by TACC (C.R.) Ltd


  •  

Best Retail Development

  • WINNER: Copper Cambodia by LMYP Co., Ltd

  • HIGHLY COMMENDED: The EDGE by Phnom Penh City Center


  •  

Best Hotel Development

  • WINNER: Courtyard by Marriott Phnom Penh by Khou Investment Co., Ltd

  • HIGHLY COMMENDED: Sun and Moon urban Hotel by Sun and Moon Hotel, LBL International and ADA


  •  

Best Mixed Use Development

  • WINNER: The Gateway by TACC (C.R.) Ltd

  • HIGHLY COMMENDED: D’Seaview by Camhomes (Under HLH Group)


  •  

DESIGN AWARDS

Best Residential Architectural Design

  • WINNER: Residence90 by Phnom Penh City Center

  • HIGHLY COMMENDED: Habitat by Habitat 


  •  

Best Residential Interior Design

  • WINNER: Habitat by Habitat

  • HIGHLY COMMENDED: Les Bijoux d'Angkor by RGL Equity (Siem Reap) Co., Ltd


  •  

Best Retail Architectural Design

  • WINNER: The EDGE by Phnom Penh City Center


  •  

Best Hotel Architectural Design

  • WINNER: Sun and Moon urban Hotel by Sun and Moon Hotel, LBL International and ADA


  •  

Best Hotel Interior Design

  • WINNER: Rosewood Phnom Penh by Vattanac Capital

  • HIGHLY COMMENDED: Courtyard by Marriott Phnom Penh by Khou Investment Co., Ltd

  • HIGHLY COMMENDED: Sun and Moon urban Hotel by Sun and Moon Hotel, LBL International and ADA


  •  

Best Landscape Architectural Design

  • WINNER: Grand Star Platinum by Borey Peng Huoth Group

  • HIGHLY COMMENDED: Habitat by Habitat


  •  

For more information about the Cambodia Property Awards, email info@asiapropertyawards.com or visit official website.

 

Both the most expensive, cheapest cities in the world are in Asia

Manchester is now cheaper than Beijing and other interesting tidbits from EIU's latest living cost index

Dotonbori, a popular nightlife and entertainment area in Osaka, Japan.

Asian cities lorded over the Economist Intelligence Unit’s Worldwide Cost of Living report, out last week.

Names from the continent dominated both lists of the costliest and most affordable places to live in the world, per the report’s Cost of Living Index. Five of the world’s top six expensive cities are all in Asia, while cities in the Indian subcontinent make up half of the 10 least costly cities on earth.

Some traditionally expensive alpha cities have become more affordable of late. Due to the post-Brexit depreciation of the sterling, London is now only the 24th most expensive city in the world, while Manchester registered the biggest fall, from number 26 previously to a distant 51, making it cheaper than Beijing and tying it with Bangkok.

London is now a far greater lifestyle bargain than New York City, at ninth place, for the first time in 15 years, and Paris, at eighth place.

To arrive at the results, EIU tracked 400 individual prices across 160 products and services, including clothing, food, transport, home rents, utility bills, private schools, and recreation, in 133 cities around the world.

Asia’s priciest cities

 

5. Seoul


Streets of Gangnam in Seoul, Republic of Korea.

The South Korean megalopolis clobbered Geneva, Paris, New York, and Copenhagen, in that order, as the world’s sixth most expensive market. Merely topping up a grocery basket in the city is 50 percent more expensive than in New York, EIU reported.

4. Osaka


Light displays of Dontonbori in Namba, Osaka, Japan.

Rising costs in the city, as well as the next item on this list, can be attributed to the recovering strength of the Japanese yen. Osaka ranks fifth most expensive city in the world.

3. Tokyo


[caption id="attachment_62073" align="alignnone" width="740"] People crossing Ginza Road, one of the main luxury shopping areas in Tokyo. Jirat Teparaksa/Shutterstock[/caption]

With an index mark of 110, Japan’s largest metropolis is the fourth most expensive city to live in the world. Along with Seoul and Osaka, Tokyo is the priciest destination for purchasing staple goods.

2. Hong Kong


Star ferries in Victoria Harbour, Hong Kong.

More expensive than Zurich, the Chinese SAR comes in as the second most expensive city worldwide. Hong Kong fuel costs USD1.73 per litre, the priciest in the world and three times the price in New York, the report’s benchmark city.

1. Singapore


View of the Singapore skyline from the Marina Bay Sands' famous infinity pool.

The most expensive city on the world for four consecutive years, Singapore has 5 percent pricier living costs than nearest rival Hong Kong. It is the most expensive destination in the world to own a car, number two worldwide for clothing.

More: Asia’s 6 biggest construction projects of 2017
 

Asia’s least expensive cities

 

6. New Delhi


New Delhi's Indian Gate is the national monument of India.

The Indian capital is the 10th cheapest city in the world. Only Kiev, Ukraine and Bucharest are more affordable. “India is tipped for rapid expansion as Chinese growth declines, but much of this is driven by its demographic profile, and in per-head terms wage and spending growth will come from a low base,” EIU stated in its report.

5. Mumbai


Gothic building in downtown Mumbai.

The seventh least expensive city in the world happens to be the largest in India. However, it is a designation of disputed benefit, as “cheaper cities tend to be less liveable,” EIU warned.

4. Chennai

Foggy landscape of the city of Chennai with famous autorickshaw.

In fact, "there is a considerable element of risk in some of the world’s cheapest cities." Be that as it may, the world’s sixth cheapest city is the Tamil Nadu state capital.

3. Karachi


Blue hour over Karachi, Pakistan.

Pakistan’s largest city is the fourth cheapest city to live in the world, cheaper than Algiers, Algeria. It is the 130th most expensive city in the world, down from number 127 last year.

2. Bangalore


International Tech Park, Bangalore.

Only the recession-riddled Nigerian city of Lagos is more affordable than Bangalore, the third least expensive city in the world. "Although the Indian subcontinent remains structurally cheap, instability is becoming an increasingly prominent factor in lowering the relative cost of living of a location," EIU reported.

1. Almaty


Almaty is the most populous city in Kazakhstan.

Central Asia has the world’s pocket-friendliest destination: Almaty, Kazakhstan’s largest city. In Almaty, a kilo loaf of bread costs only USD0.90 while a bottle of table wine costs USD5.15.

 

 

India's attractiveness as a global investment destination strengthens

Private equity pouring in

 Mumbai's afluent Napean Sea area. Image: KishoreJ/Shutterstock

Galvanised by strong economic growth and resurgent sentiments of the country, around USD4.2 billion worth of newly raised capital, including debt and equity from global sources, in 2017, will enter the Indian real estate market.

“India’s attractiveness as a global investment destination has strengthened on account of the country’s political will to attract and protect investment growths,“ said Anshul Jain, managing director for India at Cushman & Wakefield. “India’s inclusion in the top investment destination is a testament of this confidence.”

Last year alone saw private equity investments in India reaching their highest in 9 years, Jain noted. The Indian real estate has attracted USD32 billion in private equity so far, the second-best showing ever for the country since a record in 2007.

More: Why Indian home buyers are taking developers to court

“Despite Brexit and uncertainty around the new US President’s outsourcing and visa-related policies, private equity activity also looks healthy in 2017 – thanks to a strengthening and modernising economy, and the growing reputation of India as an attractive investment destination,” said Ramesh Nair, CEO and country head for Jones Lang LaSalle India.

India ranked number 15 on a list of the top 10 target investment destinations in the world from Cushman & Wakefield’s The Great Wall of Money report.

The highly anticpated launch of REITs (Real Estate Investment Trusts) in the enxt few months is expected to further catalyse investment into Indian property. prominent private equity funds such as Blackstone will likely be the first movers into the first REIT listing in India.

"India's strong showing in the rankings is a result of continued policy moves to institutionalize real estate investments in the country with investors acquiring assets in anticipation of the introduction of REITs,” said Jain.

 

Shanghai usurps Tokyo as APAC's top property investment destination

Movers and shakers to descend on the region in an uncertain world

the bund and pudong

Pedestrians in the Bund, Shanghai. A. Aleksandravicius/Shutterstock[/caption]

Shanghai replaced Tokyo atop a new list of the top Asia-Pacific cities for real estate investment by Jones Lang LaSalle (JLL) this week.

The Japanese capital ceded its position to China’s largest city as the region’s strongest-performing real estate investment market in Q4 2016. Worldwide, Shanghai placed at number five, just behind New York, London, Los Angeles, and Paris.

Shanghai’s performance was put down to a steady stream of high-profile sales at the close of 2016. These include the biggest single-asset property transaction in Asia Pacific last year: the October acquisition of the Century Link complex by ARA Asset Management for USD2.91 billion.

"With political upheavals such as Brexit and the surprising U.S. election result, an increasing number of investors are looking at opportunities in Asia Pacific and specifically China," explained Joe Zhou, head of research, China, at JLL.

More: Why this historic Shanghai neighbourhood’s restoration is called ‘fake’

"Domestic capital was the main driver of real estate transaction volumes in 2016, with domestic investors often outbidding foreign investors in many transactions. We believe that China – particularly Tier 1 cities – remains attractive to foreign investors as the market matures."

China emerged as the biggest driver of real estate activity in Asia Pacific, with USD15.5 billion in transaction volume last quarter. South Korea and Japan followed with transaction volumes of USD7.4 billion and USD7.2 billion, respectively.

Real estate transaction volumes in the region rose 21 percent year-on-year last quarter.

"Continued appetite for real estate is expected to see investment volumes hold up, with core markets such as Sydney, Tokyo and Singapore attracting interest,” Megan Walters, head of research for Asia-Pacific at JLL, stated. "We expect stronger activity in Indian real estate, with investors likely to be interested in Southeast Asian countries such as Vietnam and the Philippines that are showing better prospects on rental growth."

Read next: Introducing Shanghai’s most exciting design duo

Are Asian home buyers facing racist backlash in Australia?

Asia buyers are being blamed for the country's skyrocketing property prices

chinese new year 2017 australia

A Chinese zodiac sign for snake on street display during Chinese New Year celebrations in Haymarket, Australia. Leah-Anne Thompson/Shutterstock[/caption]

Stop incoming Asians.

Stop Asians applying for Public Housing Assistance.

Australia is not Asia.


These were some of the racist messages found defacing billboards commissioned by a Chinese real estate agency in the North Shore neighbourhood of Sydney this month.

Real estate agent Yancheng Wang discovered such messages twice on the billboards, located at a construction site in Ryde.

A vexed Wang reported the offending messages to the police, who have no leads to the perpetrators as of press time. "I always think Australia is a friendly country," he told SBS. "My business has also been following local laws and regulations."

Twenty-percent of Australian citizens have fallen victim to racially fueled incidents in 2016, according to a survey jointly conducted by SBS and Western Sydney University in August.

More: Meet the Sydney-based real estate boss who does his own PR

More than half of survey respondents who were indigenous Australians called Australia “a racist country.” Around 39 percent of the general populace also shared the sentiment.

"There's been a fair bit of education about what is racism and we've seen the ads on television (and) within public transport," Reconciliation Australia chief executive officer Justin Mohamed told ABC News Breakfast. "So I think people can call out racism or, when it happens, they say, 'Well, that's exactly what it is, that's racism.'”

The findings come as Australia’s biggest urban regions experience searing inflows of property investments from Asia, specifically from mainland China. Although resurgent capital flight controls have prevented Chinese investors from funneling more than USD50,000 out of the country, the Chinese still made up two-thirds of all applications for international investment in Australian real estate, according to the Foreign Investment Review Board’s latest annual report.

Demographia ranked Sydney last month as the world’s second least affordable housing market. However, the researchers put down the city’s affordability crisis to urban containment policies more than international investment flows.

Read next: Australia cracks down on illegal foreign home buyers

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