{"id":1513,"date":"2018-12-28T04:09:38","date_gmt":"2018-12-28T04:09:38","guid":{"rendered":"http:\/\/pgawards.wpengine.com\/?p=1513"},"modified":"2021-06-04T14:09:01","modified_gmt":"2021-06-04T07:09:01","slug":"innovative-firms-blaze-trail-for-sustainable-real-estate-in-asia","status":"publish","type":"post","link":"https:\/\/www.asiapropertyawards.com\/en\/innovative-firms-blaze-trail-for-sustainable-real-estate-in-asia\/","title":{"rendered":"Innovative firms blaze trail for sustainable real estate in Asia"},"content":{"rendered":"

Feeding a growing appetite among city dwellers for housing with eco-friendly credentials<\/strong><\/p>\n

\"\"
The lake at Celadon City, winner of multiple PropertyGuru Vietnam Property Awards this year, including Best Mixed Use Landscape Architectural Design<\/figcaption><\/figure>\n

Ten years ago, sprawling conurbations like Saigon or Manila\u2014notorious for their infrastructure and environmental challenges\u2014weren\u2019t obvious destinations for seeking out bastions of sustainability. Today, these cities are seeing the rise of world-class projects displaying green credentials, enticing middle-class apartment-seekers who are forming an increasingly sizeable tranche of society in Vietnam and the Philippines.<\/p>\n

By 2020, Vietnam\u2019s average annual per capita income is predicted to almost double, from USD1,735 in 2016 to USD3,400. With its large population of citizens under 35 transitioning from a primarily rural economy to an urban one, Vietnam\u2019s property market is proving a lucrative environment for developers, tenants, and both local and foreign buyers, with investors from China, South Korea, Singapore and Malaysia pumping huge sums into the building sector.<\/p>\n

In Ho Chi Minh City, two companies are paving the way for sustainable real estate. Gamuda Land, the property development arm of Malaysia\u2019s leading engineering and construction group, started building its 82-hectare Celadon City in 2010, making it the first nature-inspired enclave within this traffic-choked megalopolis.<\/p>\n

Prioritising sustainable living from the outset, Gamuda introduced such innovations as a rain harvesting system that utilises energy-efficient water tanks to collect rainfall around the property and transfer water to irrigation areas. The integrated township in Tan Phu district, home to 7,300 apartments across four precincts that can accommodate 25,000 people, won the Best Mixed Use Landscape Architectural Design gong at the PropertyGuru Vietnam awards this year.<\/p>\n

\u201cCeladon City has more than 16 hectares dedicated to lush parklands [that afford] residents the privilege of enjoying nature,\u201d says communications executive Tran Nam Phuong, adding that the Cultural Village, Central Park, the Celadon Sports & Resort Club, and other gathering places within the property offer a sense of community. It\u2019s a concept that\u2019s proven influential, as demand for green living spaces are increasing.<\/p>\n

A similar success story is Gamuda City, another landmark project in Southern Hanoi, which confronted the Yen So lake area\u2019s chronic water pollution, garbage disposal, and sewage issues head on. Far beyond building a condo, the development effected the complete rehabilitation of a polluted suburban wasteland, leading to significant public health benefits.<\/p>\n

Making major inroads into HCMC\u2019s sustainable building boom is CapitaLand Vietnam, whose luxurious, 102-room D1MENSION development in Cau Kho is the first boutique housing development in Saigon\u2014one among CapitaLand\u2019s 13 green estates in the city. Themed projects including De La Sol, D2eight, and d\u2019Edge Thao Dien offer new condominium alternatives to young professionals.<\/p>\n

\u201cCapitaLand remains committed to building a greener future for Vietnam,\u201d says CEO Chen Lian Pang. \u201cLowering our environmental footprint creates value for our stakeholders. We incorporate environmental sustainability in all stages of a project, [from] design and construction to\u202foperations.\u201d A key wealth creator in the country, the Singapore-headquartered company\u2014which scooped 13 PropertyGuru Vietnam awards this year, including Best Developer, Best Condo, and Special Recognition for Sustainable Development\u2014has built almost 5,000 apartments across six other cities, from Halong to Nha Trang.<\/p>\n

\"\"
Winner of Best Green Development at this year\u2019s Propertyguru Asia Property Awards (Sri Lanka), Clearpoint Residencies Rajagiriya come with self-sustaining gardens instead of ordinary balconies<\/figcaption><\/figure>\n

In Metro Manila\u2014another densely populated Southeast Asian city with a burgeoning\u00a0 middle- and affluent class\u2014Taguig-based ArthaLand is a home-grown leader in marrying sustainable credentials with cutting-edge architecture. The property arm of the Century Pacific group has carved a niche in the Philippine market by exclusively focusing on properties that adhere to global and national standards in green buildings.<\/p>\n

Being the only development in the Philippines to have received the coveted gold certification in the U.S. Green Building Council\u2019s Leadership in Energy and Environmental Design (LEED) program, its flagship dual-towered Arya Residences in Bonifacio Global City is a milestone in the country for its design and eco-friendly features. Arya Residences\u2019 construction naturally channels the breeze, its balconies and ledges lending natural shade into the units, adding meaningful outdoor space even as daylight reaches 75 percent into the indoors. Interiors are decorated using paints and resins with low volatile organic compound emissions, while built-in fixtures and appliances deploy advanced technology to reduce environmental impact and usage cost.<\/p>\n

Winning this year\u2019s \u201cSpecial Recognition in Sustainable Development\u201d at the PropertyGuru Philippines Property Awards, ArthaLand emphasises human advantages. Arya Residences encourages its residents to live a more environmentally conscious, cost-efficient, and healthy lifestyle. Their advertising tagline,\u00a0 \u201cGreen is the new luxury\u201d, is echoed by Raymond Rufino, chairman of the Philippine Green Building Council. \u201c[Sustainability should be more than just achieving efficiency and cost-effectiveness for your property,\u201d says Rufino. \u201cThe new frontier for green buildings is improving the health and wellbeing of the people who live, work and play [within your property]. This is a more powerful argument to support going green.\u201d<\/p>\n

Angie de Villa-Lacson, ArthaLand president and CEO, stresses sustainable architecture has a ripple effect not just for residents, but the property sector at large. \u201cStandardising green measures is a major step in encouraging developers to take sustainability seriously,\u201d she says. \u201cGreening should go beyond landscape and waste management. To fully reap the benefit of sustainability, developers should be able to measure the inputs and outputs of our buildings\u2019 eco-friendly features.\u201d<\/p>\n

THERE HAS NEVER BEEN A BETTER TIME FOR INVESTORS TO GO GREEN. AND WITH DEVELOPERS AROUND ASIA ADOPTING SUSTAINABLE PRACTICES,THE REAL ESTATE SCENE IN THE REGION HAS RARELY LOOKED MORE MINDFUL<\/p><\/blockquote>\n

Further west, Sri Lanka is proving another sustainability powerhouse, largely due to Maga Engineering, the country\u2019s largest construction company whose work covers healthcare, hospitality, transport, and water supply. As the builders of the world\u2019s tallest vertical garden and the first LEED Platinum-rated clothing factory, Maga comes forearmed with impressive green credentials. Its Clearpoint Residencies in the Colombo suburb of Rajagiraya is its most forward-looking residential project to date.<\/p>\n

Clearpoint\u2019s 171 apartments come with a self-sustaining garden instead of a balcony; its planted terraces and tree plantations absorb sound, boost oxygen levels, provide shade, and reduce heat. Other eco-boasts include cross-ventilated apartments, solar panels, and an automated drip-irrigation system that keeps terraces watered.<\/p>\n

\u201cEach apartment functions as its own microhabitat, creating a synergy between occupants and their environment,\u201d says sustainability director Mega Kularatne, pointing out that while Clearpoint demonstrably occupies the high-end housing category, innovations inside and outside the building\u2014including waste water recycling which reduces main water usage by 45 percent\u2014actually serve to reduce homeowners\u2019 maintenance costs.<\/p>\n

With the future of the planet a pressing concern, there has never been a better time for investors to go green. And with developers around Asia adopting more sustainable practices, the real estate scene in the region has rarely looked more mindful.<\/p>\n

This article originally appeared in\u00a0Issue No. 151<\/a>\u00a0of PropertyGuru Property Report Magazine\u00a0 \u00a0\u00a0<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

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