{"id":38669,"date":"2024-08-05T14:49:08","date_gmt":"2024-08-05T07:49:08","guid":{"rendered":"https:\/\/www.asiapropertyawards.com\/?p=38669"},"modified":"2024-09-25T15:40:10","modified_gmt":"2024-09-25T08:40:10","slug":"race-for-the-prize","status":"publish","type":"post","link":"https:\/\/www.asiapropertyawards.com\/en\/race-for-the-prize\/","title":{"rendered":"Why everyone wants a piece of Australia’s hot real estate market"},"content":{"rendered":"

A housing crisis deepens in Australia where foreigners and locals are vying for lucrative property investments as well as roofs over their heads<\/p>\n

\"\"
Brisbane, where listings were 34 percent below the five-year average, is now the country\u2019s second-most expensive state capital after Sydney. CSLD\/Shutterstock<\/figcaption><\/figure>\n

Population growth, alongside a chronically undersupplied dwelling stock, has exacerbated a housing crunch in Australia.<\/p>\n

Queues outside open home inspections went viral on social media as a once-in-a-lifetime demographic shift played out in the residential market.<\/p>\n

Last year, the proportion of overseas-born residents in Australia exceeded 30% for the first time since 1893. At the same time, home values in the country-cum-continent of almost 27 million soared by 8.1 percent, rebounding from a 4.9 percent drop in 2022, according to real estate data provider CoreLogic. Auctions in capital cities meanwhile recorded an annual clearance rate of 64.9 percent, up from 61.2 percent in the previous year.<\/p>\n

This disconnect between supply and demand is \u201ctrumping the downside pressures from interest rates, high inflation, and low sentiment,\u201d according to CoreLogic research director Tim Lawless. Having undergone 13 hikes since 2022, the country\u2019s cash rate stood at 4.35 percent, a 12-year high.<\/p>\n

The median home value underwent 16 consecutive months of growth to land at AUD785,556 (USD517,390) in May. That month, the number of listings in state capitals fell 16 percent below the previous five-year average.<\/p>\n

Brisbane, where listings were 34 percent below the five-year average, is now the country\u2019s second-most expensive state capital after Sydney, surpassing Canberra. In Perth and Adelaide, mid-sized cities with listings more than 40 percent below the average, home values rose annually by 22 percent and 14.4 percent, respectively.<\/p>\n

\"\"
Sydney is the most expensive city in Australia for property seekers with median house prices reaching a record high in 2024. TarasVyshnya\/Shutterstock<\/figcaption><\/figure>\n

After welcoming 494,000 people in 2023, Australia\u2019s overseas-born population has grown to 8.2 million. In the first quarter of 2024, the share of foreign buyers in new housing markets hovered at 10 percent, a six-year high, according to the National Australia Bank (NAB).<\/p>\n

The Great Australian Dream of home ownership is now shared by people born in India, China, Nepal, and the Philippines. These nations contributed the most to Australia\u2019s population growth, in that order, between 2013 and 2023.<\/p>\n

I genuinely believe Australia is now the top destination globally. We are not anywhere close to all the war areas. There are just loads of wealthy people looking at Australia as a safety net in this crazy world<\/p><\/blockquote>\n

\u201cAsian buyers are a driving force for a lot of demand of homes still,\u201d says Peter Li, general manager of Sydney-based real estate firm Plus Agency. \u201cIn Asian buyers\u2019 minds, they don\u2019t just want to rent\u2014they want to own the home.\u201d<\/p>\n

Around 5,200 millionaires relocated to Australia in 2023, compared to just 2,100 for the US, according to migration consultancy Henley & Partners.<\/p>\n

\u201cI genuinely believe Australia is now the top destination globally,\u201d says Benson Zhou, state head for Asia markets and director at the consultancy Savills Australia. \u201cWe are not anywhere close to all the war areas, given what\u2019s happening in this crazy world. There are just loads of wealthy people looking at Australia as a safety net.\u201d For most of 2023, China was the leading source of approved residential property investments, injecting AUD1.1 billion into the country in the second quarter alone, according to the Foreign Investment Review Board (FIRB).<\/p>\n

Li, however, predicts Chinese interest to decline by 2025 due to China\u2019s weakened economy. Affluent Chinese buyers, already burdened with capital controls, also reckon with this year\u2019s elimination of the Significant Investor Visa (SIV), a long-favoured route to Australian residency.<\/p>\n

\"\"
. Apartment prices in Melbourne have fallen over the last five years, revealing the effects of a decline in investor activity. AleksandarTodorovic\/Shutterstock<\/figcaption><\/figure>\n

\u201cOn the other hand, we see increasing demand from Southeast Asia,\u201d says Li. \u201cOverall foreign buyer demand will remain similar, but the source countries will change.\u201d<\/p>\n

Vietnam, Indonesia, and Singapore ranked among Australia\u2019s top 10 sources of approved residential investments last year.<\/p>\n

While prices skyrocketed, the volume of transactions lagged, suggesting the dominance of post-pandemic upgraders and financially capable buyers in the market. The Housing Industry Association noted a 34 percent annual decline in nationwide transactions up to October while digital platform PEXA recorded an 18.6 percent drop in property settlements in 2023.<\/p>\n

\u201cThe prices went high because people are swapping homes,\u201d says Li, whose agency completed more than AUD305 million in transactions last year. \u201cThey are the people who don\u2019t get affected by the interest rate that much because they\u2019re very cash-strong or asset-strong.\u201d<\/p>\n

This cohort is likely able to absorb the increased fees, surcharges, duties, and taxes levied on foreign nationals in 2024. Since April, foreign investment fees for the purchase of existing homes have tripled, turning non-residents towards new developments.<\/p>\n

\u201cIn the long run, Australia will be the safest hub for a lot of money to be parked in,\u201d says Li. \u201cBut if you\u2019re expecting that you can double your money in two years, maybe Australia is not your best choice because the prices are already so high…I don\u2019t think you\u2019re going to make as much capital gain, compared to selected countries, as when it was on a bull run.\u201d<\/p>\n

\"\"
In the first quarter of 2024, the share of foreign buyers in new housing markets in Australia hovered at 10 percent, a six-year high. CandyRetriever\/Shutterstock<\/figcaption><\/figure>\n

Housing stress disproportionately affects first-time homebuyers and low-income migrants. A recent report by CoreLogic and ANZ bank revealed that the proportion of income needed to cover median rents hit a record high of 32.2 percent in March while servicing a new mortgage reached a peak of 48.9 percent.<\/p>\n

The Albanese government seeks to temper demand by halving net migration intake from 528,000 in 2023 to 260,000 by 2025. Also, starting in 2024, the government is building 1.2 million homes over the next five years under the National Housing Accord.<\/p>\n

With developers delaying or foregoing projects altogether, dwelling approvals last year sat at around 162,200, a decade low, according to NAB.<\/p>\n

Redistributing existing stock, instead of building anew, could remedy the supply-demand mismatch. Increasing the average household size, which has dwindled to 2.5 individuals since the 1980s, to 2.8 individuals would house the populace in 1.2 million fewer dwellings, according to Reserve Bank of Australia chief economist Sarah Hunter.<\/p>\n

But as birth rates fall, Australia simply cannot halt migration, with population growth \u201cthe only thing standing between Australia and recession,\u201d according to Callam Pickering, an economist at job site Indeed. Australia narrowly avoided one in Q1 2024 as the economy posted its slowest quarterly growth since 2021.<\/p>\n

Peopling Australia, with its multicultural mystique intact, would ostensibly require little effort. The Australian government has sailed through various socioeconomic headwinds in the past via a competent migration policy.<\/p>\n

\u201cIf something didn\u2019t work, they just keep the migrants\u2019 tap up,\u201d says Zhou. \u201cThe smart thing about the government is they know there\u2019ll be millions of people wanting to get an Australian visa.\u201d<\/p>\n

T<\/em>his article was originally published on\u00a0asiarealestatesummit.com<\/a>. Write to our editors at\u00a0propertyreport@propertyguru.com<\/a>.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

A housing crisis deepens in Australia where foreigners and locals are vying for lucrative property investments as well as roofs over their heads <\/p>\n","protected":false},"author":9,"featured_media":38672,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[97,92],"tags":[149,3984,668,1049,638],"class_list":["post-38669","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-magazine","category-news","tag-australia","tag-foreign","tag-investment","tag-property","tag-real-estate","news_country-australia","news_author-al-gerard-de-la-cruz"],"acf":[],"yoast_head":"\nWhy everyone wants a piece of Australia's hot real estate market | Asia Property Awards<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.asiapropertyawards.com\/en\/race-for-the-prize\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Why everyone wants a piece of Australia's hot real estate market | Asia Property Awards\" \/>\n<meta property=\"og:description\" content=\"A housing crisis deepens in Australia where foreigners and locals are vying for lucrative property investments as well as roofs over their heads\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.asiapropertyawards.com\/en\/race-for-the-prize\/\" \/>\n<meta property=\"og:site_name\" content=\"Asia Property Awards\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/asiapropertyawards\" \/>\n<meta property=\"article:published_time\" content=\"2024-08-05T07:49:08+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-09-25T08:40:10+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2024\/08\/shutterstock_20025988.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"767\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Gynen Kyra Tirazona Toriano\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@AsiaPropAwards\" \/>\n<meta name=\"twitter:site\" content=\"@AsiaPropAwards\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Gynen Kyra Tirazona Toriano\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"7 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.asiapropertyawards.com\\\/en\\\/race-for-the-prize\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.asiapropertyawards.com\\\/en\\\/race-for-the-prize\\\/\"},\"author\":{\"name\":\"Gynen Kyra Tirazona Toriano\",\"@id\":\"https:\\\/\\\/www.asiapropertyawards.com\\\/en\\\/#\\\/schema\\\/person\\\/694949ea9cae1c04dfdbdcc3680a2a23\"},\"headline\":\"Why everyone wants a piece of Australia’s hot real estate market\",\"datePublished\":\"2024-08-05T07:49:08+00:00\",\"dateModified\":\"2024-09-25T08:40:10+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.asiapropertyawards.com\\\/en\\\/race-for-the-prize\\\/\"},\"wordCount\":1191,\"publisher\":{\"@id\":\"https:\\\/\\\/www.asiapropertyawards.com\\\/en\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/www.asiapropertyawards.com\\\/en\\\/race-for-the-prize\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.asiapropertyawards.com\\\/wp-content\\\/uploads\\\/2024\\\/08\\\/shutterstock_20025988.jpg\",\"keywords\":[\"australia\",\"foreign\",\"investment\",\"property\",\"real estate\"],\"articleSection\":[\"Magazine\",\"News\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.asiapropertyawards.com\\\/en\\\/race-for-the-prize\\\/\",\"url\":\"https:\\\/\\\/www.asiapropertyawards.com\\\/en\\\/race-for-the-prize\\\/\",\"name\":\"Why everyone wants a piece of Australia's hot real estate market | Asia Property Awards\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.asiapropertyawards.com\\\/en\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.asiapropertyawards.com\\\/en\\\/race-for-the-prize\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.asiapropertyawards.com\\\/en\\\/race-for-the-prize\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.asiapropertyawards.com\\\/wp-content\\\/uploads\\\/2024\\\/08\\\/shutterstock_20025988.jpg\",\"datePublished\":\"2024-08-05T07:49:08+00:00\",\"dateModified\":\"2024-09-25T08:40:10+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.asiapropertyawards.com\\\/en\\\/race-for-the-prize\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.asiapropertyawards.com\\\/en\\\/race-for-the-prize\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.asiapropertyawards.com\\\/en\\\/race-for-the-prize\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.asiapropertyawards.com\\\/wp-content\\\/uploads\\\/2024\\\/08\\\/shutterstock_20025988.jpg\",\"contentUrl\":\"https:\\\/\\\/www.asiapropertyawards.com\\\/wp-content\\\/uploads\\\/2024\\\/08\\\/shutterstock_20025988.jpg\",\"width\":1000,\"height\":767,\"caption\":\"Brisbane, where listings were 34 percent below the five-year average, is now the country\u2019s second-most expensive state capital after Sydney. CSLD\\\/Shutterstock\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.asiapropertyawards.com\\\/en\\\/race-for-the-prize\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.asiapropertyawards.com\\\/en\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Why everyone wants a piece of Australia’s hot real estate market\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.asiapropertyawards.com\\\/en\\\/#website\",\"url\":\"https:\\\/\\\/www.asiapropertyawards.com\\\/en\\\/\",\"name\":\"Asia Property Awards\",\"description\":\"PropertyGuru Asia Property Awards\",\"publisher\":{\"@id\":\"https:\\\/\\\/www.asiapropertyawards.com\\\/en\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.asiapropertyawards.com\\\/en\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/www.asiapropertyawards.com\\\/en\\\/#organization\",\"name\":\"Asia Property Awards\",\"url\":\"https:\\\/\\\/www.asiapropertyawards.com\\\/en\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.asiapropertyawards.com\\\/en\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/www.asiapropertyawards.com\\\/wp-content\\\/uploads\\\/2023\\\/12\\\/Trophy_2.png\",\"contentUrl\":\"https:\\\/\\\/www.asiapropertyawards.com\\\/wp-content\\\/uploads\\\/2023\\\/12\\\/Trophy_2.png\",\"width\":1920,\"height\":1080,\"caption\":\"Asia Property Awards\"},\"image\":{\"@id\":\"https:\\\/\\\/www.asiapropertyawards.com\\\/en\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"https:\\\/\\\/www.facebook.com\\\/asiapropertyawards\",\"https:\\\/\\\/x.com\\\/AsiaPropAwards\",\"https:\\\/\\\/www.instagram.com\\\/asiapropertyawards\\\/\",\"https:\\\/\\\/www.linkedin.com\\\/showcase\\\/asia-property-awards\",\"https:\\\/\\\/www.youtube.com\\\/channel\\\/UCCMEFMU-KW5dEKfb5dPTL9Q\"]},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.asiapropertyawards.com\\\/en\\\/#\\\/schema\\\/person\\\/694949ea9cae1c04dfdbdcc3680a2a23\",\"name\":\"Gynen Kyra Tirazona Toriano\",\"url\":\"https:\\\/\\\/www.asiapropertyawards.com\\\/en\\\/author\\\/gynen\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Why everyone wants a piece of Australia's hot real estate market | Asia Property Awards","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.asiapropertyawards.com\/en\/race-for-the-prize\/","og_locale":"en_US","og_type":"article","og_title":"Why everyone wants a piece of Australia's hot real estate market | Asia Property Awards","og_description":"A housing crisis deepens in Australia where foreigners and locals are vying for lucrative property investments as well as roofs over their heads","og_url":"https:\/\/www.asiapropertyawards.com\/en\/race-for-the-prize\/","og_site_name":"Asia Property Awards","article_publisher":"https:\/\/www.facebook.com\/asiapropertyawards","article_published_time":"2024-08-05T07:49:08+00:00","article_modified_time":"2024-09-25T08:40:10+00:00","og_image":[{"width":1000,"height":767,"url":"https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2024\/08\/shutterstock_20025988.jpg","type":"image\/jpeg"}],"author":"Gynen Kyra Tirazona Toriano","twitter_card":"summary_large_image","twitter_creator":"@AsiaPropAwards","twitter_site":"@AsiaPropAwards","twitter_misc":{"Written by":"Gynen Kyra Tirazona Toriano","Est. reading time":"7 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.asiapropertyawards.com\/en\/race-for-the-prize\/#article","isPartOf":{"@id":"https:\/\/www.asiapropertyawards.com\/en\/race-for-the-prize\/"},"author":{"name":"Gynen Kyra Tirazona Toriano","@id":"https:\/\/www.asiapropertyawards.com\/en\/#\/schema\/person\/694949ea9cae1c04dfdbdcc3680a2a23"},"headline":"Why everyone wants a piece of Australia’s hot real estate market","datePublished":"2024-08-05T07:49:08+00:00","dateModified":"2024-09-25T08:40:10+00:00","mainEntityOfPage":{"@id":"https:\/\/www.asiapropertyawards.com\/en\/race-for-the-prize\/"},"wordCount":1191,"publisher":{"@id":"https:\/\/www.asiapropertyawards.com\/en\/#organization"},"image":{"@id":"https:\/\/www.asiapropertyawards.com\/en\/race-for-the-prize\/#primaryimage"},"thumbnailUrl":"https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2024\/08\/shutterstock_20025988.jpg","keywords":["australia","foreign","investment","property","real estate"],"articleSection":["Magazine","News"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.asiapropertyawards.com\/en\/race-for-the-prize\/","url":"https:\/\/www.asiapropertyawards.com\/en\/race-for-the-prize\/","name":"Why everyone wants a piece of Australia's hot real estate market | Asia Property Awards","isPartOf":{"@id":"https:\/\/www.asiapropertyawards.com\/en\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.asiapropertyawards.com\/en\/race-for-the-prize\/#primaryimage"},"image":{"@id":"https:\/\/www.asiapropertyawards.com\/en\/race-for-the-prize\/#primaryimage"},"thumbnailUrl":"https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2024\/08\/shutterstock_20025988.jpg","datePublished":"2024-08-05T07:49:08+00:00","dateModified":"2024-09-25T08:40:10+00:00","breadcrumb":{"@id":"https:\/\/www.asiapropertyawards.com\/en\/race-for-the-prize\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.asiapropertyawards.com\/en\/race-for-the-prize\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.asiapropertyawards.com\/en\/race-for-the-prize\/#primaryimage","url":"https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2024\/08\/shutterstock_20025988.jpg","contentUrl":"https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2024\/08\/shutterstock_20025988.jpg","width":1000,"height":767,"caption":"Brisbane, where listings were 34 percent below the five-year average, is now the country\u2019s second-most expensive state capital after Sydney. CSLD\/Shutterstock"},{"@type":"BreadcrumbList","@id":"https:\/\/www.asiapropertyawards.com\/en\/race-for-the-prize\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.asiapropertyawards.com\/en\/"},{"@type":"ListItem","position":2,"name":"Why everyone wants a piece of Australia’s hot real estate market"}]},{"@type":"WebSite","@id":"https:\/\/www.asiapropertyawards.com\/en\/#website","url":"https:\/\/www.asiapropertyawards.com\/en\/","name":"Asia Property Awards","description":"PropertyGuru Asia Property Awards","publisher":{"@id":"https:\/\/www.asiapropertyawards.com\/en\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.asiapropertyawards.com\/en\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.asiapropertyawards.com\/en\/#organization","name":"Asia Property Awards","url":"https:\/\/www.asiapropertyawards.com\/en\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.asiapropertyawards.com\/en\/#\/schema\/logo\/image\/","url":"https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2023\/12\/Trophy_2.png","contentUrl":"https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2023\/12\/Trophy_2.png","width":1920,"height":1080,"caption":"Asia Property Awards"},"image":{"@id":"https:\/\/www.asiapropertyawards.com\/en\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/asiapropertyawards","https:\/\/x.com\/AsiaPropAwards","https:\/\/www.instagram.com\/asiapropertyawards\/","https:\/\/www.linkedin.com\/showcase\/asia-property-awards","https:\/\/www.youtube.com\/channel\/UCCMEFMU-KW5dEKfb5dPTL9Q"]},{"@type":"Person","@id":"https:\/\/www.asiapropertyawards.com\/en\/#\/schema\/person\/694949ea9cae1c04dfdbdcc3680a2a23","name":"Gynen Kyra Tirazona Toriano","url":"https:\/\/www.asiapropertyawards.com\/en\/author\/gynen\/"}]}},"_links":{"self":[{"href":"https:\/\/www.asiapropertyawards.com\/en\/wp-json\/wp\/v2\/posts\/38669","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.asiapropertyawards.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.asiapropertyawards.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.asiapropertyawards.com\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/www.asiapropertyawards.com\/en\/wp-json\/wp\/v2\/comments?post=38669"}],"version-history":[{"count":0,"href":"https:\/\/www.asiapropertyawards.com\/en\/wp-json\/wp\/v2\/posts\/38669\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.asiapropertyawards.com\/en\/wp-json\/wp\/v2\/media\/38672"}],"wp:attachment":[{"href":"https:\/\/www.asiapropertyawards.com\/en\/wp-json\/wp\/v2\/media?parent=38669"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.asiapropertyawards.com\/en\/wp-json\/wp\/v2\/categories?post=38669"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.asiapropertyawards.com\/en\/wp-json\/wp\/v2\/tags?post=38669"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}