Highly anticipated PropertyGuru Vietnam Property Awards marks milestone 10th edition amid promising real estate growth

A decade of real estate excellence will be celebrated in November at the Gem Center in HCMC

HO CHI MINH CITY, Vietnam — The annual PropertyGuru Vietnam Property Awards are now open for entries leading up to the landmark gala celebration in 2024.

The 10th PropertyGuru Vietnam Property Awards, presented by Kohler and supported by Dulux Professional, Hafele, and V-ZUG SEA, will take place on Friday, 15 November 2024 at the Gem Center in Ho Chi Minh City. Submissions from eligible entrants are being accepted online via asiapropertyawards.com until 23 August 2024.

Marking a decade of recognising the Gold Standard of real estate in one of Southeast Asia’s most dynamic markets, the 2024 edition of the PropertyGuru Vietnam Property Awards today officially launched from the Renaissance Riverside Hotel Saigon in Ho Chi Minh City.

The launch of the latest Vietnam edition of the PropertyGuru Asia Property Awards comes as the property market looks forward to a period of growth, supported by better policies, access to capital, and sentiment.

Key dates for the 2024 edition:

• 23 August 2024 – Entries close
• 9 September-3 October 2024 – Site Inspections
• 4 October 2024 – Final Judging
• 15 November 2024 – Gala Dinner and Awards Ceremony in Ho Chi Minh City, Vietnam
• 13 December 2024 – Regional Grand Final Gala Presentation in Bangkok, Thailand

Boosts to the market

Increased capital for real estate, more focused and supportive policies, and improved sentiment among stakeholders are expected to boost the Vietnam property market in 2024, according to Batdongsan.com.vn, the official portal partner of the awards. Adjusted interest rates and regulated credit market growth, coupled with increased foreign investment, are expected to drive capital for property.

Batdongsan.com.vn further expects new policies such as the Land Laws, Housing Laws, Real Estate Business Laws, Credit Institutions Laws, and Real Estate Tax Laws to have positive impacts on the market. Consumers look forward to the laws contributing to a better regulated environment, with more companies obliged to meet higher standards of development and more agents professionalised. The new laws are also expected to accelerate public investment especially in key infrastructure projects.

Positive signs of recovery in the market include strong growth in condominium selling and renting prices in cities such as Hanoi. Agents are also reporting higher number of transactions in the housing market while the Demand Index for land finally halted a months-long period of decline.

Jules Kay, general manager of PropertyGuru Asia Property Awards and Events, said: “With promising trends emerging in the Vietnam real estate market, we are pleased to once again invite stakeholders to join us for the PropertyGuru Asia Property Awards in 2024. Vietnam this year fills us with excitement as the market prepares to benefit from enhanced access to capital and favourable regulatory changes, coupled with growing foreign investment. As we celebrate the ongoing recovery of the real estate industry, our awards will contribute to positive consumer sentiment by giving deserving developers the widest platform to showcase their quality and resilience.”

New accolades

New titles have been added to the list of open categories at this year’s awards, expanding the accolades to more types of real estate like investment properties, nature-integrated properties, and sales galleries.

Developers that excel in sustainable design, sustainable construction, energy efficiency, and social impact can also vie for the all-new ESG awards.

The selection process is fair, transparent, and credible, thanks to an independent panel of judges comprising experts from various segments of the real estate industry. HLB, the global network of independent advisory and accounting firms, upholds the integrity of the selection process, which encompasses rigorous deliberations and site inspections.

Related: Vietnam steals the spotlight in Asia Pacific

Thien Duong, chairperson of the independent panel of judges and general director of GroupGSA Vietnam, said: “The PropertyGuru Vietnam Property Awards empower nominees to stand out in a fast-growing market, make meaningful connections with peers, and foster collaboration, thereby signifying their commitment to quality and innovation. By raising the standard for excellence in Vietnamese real estate, the PropertyGuru Asia Property Awards inspire developers and design firms to innovate and continually redefine what it means to be the best in their fields. Ultimately, the Vietnamese property sector stands triumphant, epitomizing a grand celebration of its remarkable growth, unwavering resilience, and vibrant dynamism that propel the industry forward.”

The 10th Annual Property Guru Vietnam Property Awards are presented by Kohler, a global leader with more than 150 years of experience in design and manufacture of kitchen and bath products. Kohler aims to elevate everyday moments and set new standards for gracious living through continuous innovation in its portfolio, introducing new applied technologies and outstanding craftmanship onto its products and services. Collaborating with Property Guru Asia Property Awards helps the esteemed company accomplish this mission.

Ishan Kala, Kohler general manager, Vietnam & Philippines, said: “We are passionate in this partnership to accredit these outstanding projects by providing developers, architects, and designers in Vietnam a platform to facilitate the sharing of great works and projects in the dynamic international arena.”

Home to the Best in Asia

Top winners from the PropertyGuru Vietnam Property Awards were invited to Bangkok in December 2023 for the 18th PropertyGuru Asia Property Awards Grand Final where they received regional wins distinguishing them as the “Best in Asia.”

The regional winners were led by SonKim Land Corporation, recipient of both the Best Luxury Developer (Asia) and Best Boutique Mixed Use Development (Asia) awards. Other regional winners include ParkCity Group, which won the Best Completed Condo Development (Asia) award.

The PropertyGuru Vietnam Property Awards are part of the PropertyGuru Asia Property Awards series, which marks its 19th year in 2024. The series covers key markets across the region, spanning Southeast Asia, East Asia, South Asia, and Oceania, with exclusive gala dinners and ceremonies that represent the most anticipated property events of the year.

Organised by PropertyGuru Group (NYSE:PGRU), the 10th PropertyGuru Vietnam Property Awards are supported by platinum sponsor Kohler; gold sponsors Dulux Professional, Hafele, and V-ZUG SEA; official portal partner Batdongsan.com.vn; official magazine Property Report by PropertyGuru; media partners Bao Xay Dung and Reatimes; and official supervisor HLB.

For more information, email [email protected] or visit the official website: AsiaPropertyAwards.com.