From Singapore’s exceptional mixed-use development to Indonesia’s stunning beach resort, it’s no surprise why Asian real estate continues to be among the world’s top investment destinations
As major cities in Asia ramp up their vaccination drives, the number of Covid infections have begun to falter and markets have started to show clear signs of recuperation. The optimistic outlook in the region has led to a gradual uptick in transactions in the real estate sector, more so now with the resumption of commercial operations and domestic travel, offering a sense of normalcy to consumers.
Yet despite the myriad of challenges that confronted the globe in the past two years, leading real estate firms have sought comfort in technology and innovation, have demonstrated no signs of slowing down, and have even garnered top honours at the 2020 PropertyGuru Asia Property Awards (Grand Final).
Singapore and Hong Kong’s new commercial hubs
Despite the disruptions caused by the health crisis, the region’s commercial sector welcomed a massive boost in the built environment with Singapore’s Guoco Midtown by GuocoLand, winner of Best Mixed Use Development (Asia), Hong Kong’s 2 Murray Road by Henderson Land Group, winner of Best Office Architectural Design (Asia), and Malaysia’s i-Park @ Senai Airport City by IPARK DEVELOPMENT SDN. BHD., winner of Best Industrial Development (Asia).
Philippines and Indonesia’s nature-inspired developments
The Philippines basked in the growth of greener structures with the addition of the Best Residential Green Development (Asia) winner, Damosa Land’s Agriya. Meanwhile, Indonesia showcased stunning beach views through Invest Island’s Torok Hill Resort that was named Best Hospitality Development (Asia).
Vietnam and China’s lifestyle-oriented homes
As residents spend more time in the comforts of their homes, developments across the region resolved to offer bigger space and more lifestyle amenities. Vietnam’s Ecopark Tourism and Trade Urban Area by Ecopark Corporation Joint Stock Company, Best Township Development (Asia) winner, and China’s Peach Blossom Future Villa (Phase 2) by Bluetown Architects, Best Housing Architectural Design (Asia) winner, are among the leading developments that cater to this growing demand.
As the 2021 PropertyGuru Asia Property Awards gala season arrives in November, a new crop of development will be honoured for pushing the boundaries of development and design. In the meantime, let us take you on a quick virtual tour throughout 14 of the most outstanding architectural gems in Asia in 2020:
Gynen Kyra Toriano, Digital Content Manager at PropertyGuru, wrote this article. For more information, email: [email protected].
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