{"id":40800,"date":"2025-01-16T17:54:11","date_gmt":"2025-01-16T10:54:11","guid":{"rendered":"https:\/\/www.asiapropertyawards.com\/?p=40800"},"modified":"2025-02-13T14:18:31","modified_gmt":"2025-02-13T07:18:31","slug":"why-asias-mixed-use-developments-are-the-future-of-real-estate","status":"publish","type":"post","link":"https:\/\/www.asiapropertyawards.com\/en\/why-asias-mixed-use-developments-are-the-future-of-real-estate\/","title":{"rendered":"Why Asia’s mixed-use developments are the future of real estate"},"content":{"rendered":"

The trend in Asian cities for dynamic integrated communities that fuse real estate with commercial, leisure, and other amenities shows no sign of slowing<\/p>\n

\"\"
Mixed-use projects are proving to be popular beyond city centres and suburbia. Travelman\/Shutterstock<\/figcaption><\/figure>\n

Blink and you\u2019ll miss it. Another sliver of horizon vanishes behind the latest high-rise in the Sathorn and Silom areas of Bangkok. Historically home to the city\u2019s central business district, these twin neighbourhoods have been in constant flux for more than a century. Back in the late 1800s, they were little more than a rural patchwork of paddy fields. But nowadays it is not rice stalks reaching for the sky, but buildings.<\/p>\n

Two developments represent the latest evolution of the Thai capital\u2019s CBD. Dusit Central Park, under construction on the nine-acre former site of the iconic Dusit Thani Hotel, will upon completion next year encompass three skyscrapers, including a new hotel, luxury condos, and an office tower. The structures will be interconnected by an eight-storey retail podium that has a rooftop park, combining commercial, residential, and leisure spaces within a single development.<\/p>\n

The scale of development, however, pales compared to nearby One Bangkok. Located on the other side of Lumpini Park, this goliath USD3.9-billion undertaking will eventually feature five Grade-A office towers, three luxury hotels and serviced apartment towers, and four retail precincts, totalling 1.83 million square metres of gross floor area. Notably, the RitzCarlton Hotel will grace the first 25 floors of a 50-storey office tower, marking its debut in the city.<\/p>\n

These mega mixed-use projects were conceived well before the pandemic fundamentally altered the real estate scene. But the timing could not have been better. In recent years, investor and homeowner trends have shifted considerably. Increasingly, they are recognising the value of living within a community that is self-sufficient not only in terms of basic amenities but also comprehensive social infrastructure.<\/p>\n

\"\"
Integrated projects like Thailand’s One Bangkok are seen as antidotes to urban sprawl and traffic congestion. AmnatPhuthamrong\/Shutterstock<\/figcaption><\/figure>\n

\u201cMixed-use environments play an integral role in the revitalisation of our cities because they are designed to be experience-driven,\u201d says Ben Tranel, principal architect at global design and architecture firm Gensler. \u201cBy serving diverse populations and a wider range of functions, they create dynamic and inclusive spaces that people want to be part of.\u201d<\/p>\n

From Singapore to Saigon and Metro Manila to Phnom Penh, Asia\u2019s major cities are embracing mixed-use developments at\u00a0an unprecedented rate. Not simply buoyed by buyer preferences, these all-encompassing large-scale projects are often antidotes for grappling with the shared problems of spiralling urban sprawl and traffic congestion.<\/p>\n

Such developments can also help cities absorb the shocks and stresses that accompany pandemics, disasters, and climate change, according to Indonesian politician Bambang Susantono, who currently serves as the head of the Nusantara Capital City Authority.<\/p>\n

By serving diverse populations and a wider range of functions, mixed-use environments create dynamic and inclusive spaces that people want to be part of<\/p><\/blockquote>\n

\u201cUrban infrastructure and services have struggled to keep up with Asia\u2019s transformation over the past 50 years,\u201d he wrote in a recent Asian Development Bank article. \u201cBut in today\u2019s world, and to deliver a better world for future generations, falling behind is no longer an option.\u201d<\/p>\n

Yet mixed-use projects are also proving to be popular beyond city centres and suburbia. Traditionally a tourism-reliant island, Phuket was forced to diversify during the pandemic, with the island\u2019s major hotel investors shaking up their business models. The spike in interest in its real estate market subsequently sparked a surge in mixed-use developments. According to Bill Barnett, founder of hospitality consultant C9 Hotelworks, of the island\u2019s current 1,500 registered hotels, about 50 percent are now incorporating a real estate element.<\/p>\n

\u201cHospitality groups use branded residences; there are hotels but there\u2019s also a real estate element. We\u2019re seeing more and more developers using this mixed-use model, and it makes a lot more sense,\u201d he says. \u201cYou\u2019re mitigating your development risk, you\u2019re getting early cash flow, and a better return.\u201d<\/p>\n

Call them townships, integrated communities, or mixed-use developments, but the popularity of projects comprising hospitals, schools, retail, and green space, amongst myriad other amenities, is inevitably encouraging developers to become more innovative about how they design and build commercial and residential real estate.<\/p>\n

With that in mind, we round up some of the latest award-winning mixed-use developments from around the region.<\/p>\n

Summarecon Bekasi by Summarecon Agung<\/strong><\/p>\n

\"\"<\/strong><\/p>\n

Where?<\/strong><\/p>\n

Summarecon Bekasi is situated at the nexus of Greater Jakarta\u2019s latest expansion, and while seclusion from the urban sprawl may be the obvious drawcard, convenience remains paramount. Proximity to Jakarta\u2019s heart, as well as local amenities such as top-tier educational establishments, healthcare services, and retail destinations, is facilitated via direct access to Jakarta-Cikampek Toll Road and the KH Noer Ali Flyover.<\/p>\n

Why buy?<\/strong><\/p>\n

Set to become Bekasi\u2019s CBD over the next decade, this minimetropolis will feature a selection of premium residences\u2014 from landed houses to condo villas\u2014alongside myriad amenities. These include upscale shopping malls, business hubs, a fresh market, schools, and places of worship. Lush green spaces, meanwhile, will breathe fresh air into this 2.47-million-square-metre megaproject.<\/p>\n

Wow factor<\/strong><\/p>\n

Amidst the comprehensive amenities and premium residences, a commitment to creating lush, breathable landscapes sets this development apart. These green spaces not only enhance the aesthetic and ecological value of the township but also significantly improve the quality of life for residents, offering much-needed respite from one of the region\u2019s most populous cities.<\/p>\n

Andaman by Eastern & Oriental Berhad<\/strong><\/p>\n

\"\"<\/strong><\/p>\n

Where?<\/strong><\/p>\n

E&O\u2019s Andaman is a luxury bolthole built on reclaimed land just across the water from Gurney Drive and Seri Tanjung Pinang\u2014Penang\u2019s most coveted addresses. This 760-acre project merges waterfront cool with city zest, producing one of George Town\u2019s most anticipated upscale residential developments in recent years. For those seeking the best of all worlds within easy reach of the World Heritage city, the master-planned island\u2019s unique concept is hard to beat.<\/p>\n

Why buy?<\/strong><\/p>\n

Set against the backdrop of Phase 1\u2019s completed Shoreline, offering waterfront homes and a linear park, and the future promise of mixed-use development in Canalside, Andaman is already making waves. With The Meg and Arica introducing 1,400 residential units, homeowners can choose from various iterations ranging from cosy 567-square-foot spaces to expansive 1,259-square-foot homes. The upcoming Gurney Green phase, meanwhile, will introduce a hub for business, retail, and entertainment, alongside sustainable amenities and green spaces<\/p>\n

Wow factor<\/strong><\/p>\n

It is difficult to look beyond the sheer ambition and location of the project when choosing a standout feature. Still, the 90-plus acres of dedicated green initiatives undoubtedly impress. Phase 1 alone introduces more than 200,000 plants, focusing on local species to foster biodiversity. Andaman\u2019s eco-conscious commitments extend to rainwater harvesting and stormwater collection for landscape maintenance, alongside amenities for electric vehicles, energy-efficient lighting, and comprehensive waste management.<\/p>\n

Marum Estate by Sir Stamford Raffles<\/strong><\/p>\n

\"\"<\/em><\/p>\n

Where?<\/strong><\/p>\n

The emergence of \u201cgreater\u201d Phnom Penh is continuing apace, boosted by a slew of developments including the Cambodian capital\u2019s brand-new airport. Located in South Kandal just 12 kilometres from Techo Takhmao International Airport, Marum Estate is one of the more ambitious communities aiming to cater to those eyeing the perks of suburban expansion with nearby urban convenience.<\/p>\n

Why buy?<\/strong><\/p>\n

Inspired by Singapore\u2019s all-inclusive townships, the 22.6-hectare project, due for completion in 2026, will feature 642 residential units, including three- to eight-bedroom houses for small to multigenerational families. Smart home technology and sound security systems come as standard, while onsite amenities run the gamut from leisure facilities like swimming pools and fitness centres to medical facilities, a private school, and a commercial centre.<\/p>\n

Wow factor<\/strong><\/p>\n

Set against verdant mountain vistas and abundant green spaces, the estate\u2019s resort-style landscaping and wellnessoriented amenities provide an arguably unmatched lifestyle choice in Cambodia. Thematic gardens foster mindfulness and community, while comprehensive leisure facilities cater to relaxation and fitness, making it one of the Kingdom\u2019s most holistic residential developments to date.<\/p>\n

Pueblo de Oro Townscapes Malvar by Pueblo de Oro Development Corporation<\/strong><\/p>\n

\"\"<\/strong><\/p>\n

Where?<\/strong><\/p>\n

Located in South Luzon, Pueblo de Oro Townscapes Malvar is ideally poised only moments from Malvar Town Proper and the STAR Expressway, providing easy access to Lipa, Tanauan, and Metro Manila. The development, part of a broader 212-hectare project, is set against the stunning backdrops of Mount Makiling and Taal Volcano in a community that combines eco-friendly living with impressive connectivity.<\/p>\n

Why buy?<\/strong><\/p>\n

Potential homeowners can choose from a variety of properties within the 212-hectare development, including Pueblo de Oro Residences, Townhomes, and The Enclave. Onsite amenities, meanwhile, cater to outdoor types, with highlights including futsal lawns, fitness trails, yoga decks, and multi-sports courts, to name just a few.<\/p>\n

Wow factor<\/strong><\/p>\n

The 1.5-kilometre \u201cGreen Loop of Life\u201d is a linear park connecting the themed residential areas. Scenic and cohesive, the outdoor space for recreation and relaxation underscores the development\u2019s commitment to promoting a healthy lifestyle and fostering a sense of community amidst nature.<\/p>\n

Mailand Hanoi City by Phu Long Real Estates Corporation<\/strong><\/p>\n

\"\"<\/em><\/p>\n

Where?<\/strong><\/p>\n

A 45-minute ride from Hanoi\u2019s hectic heart, this 300-hectare development was conceived to be an antidote to the Vietnamese capital\u2019s occasionally unbearable urban sprawl. Still, connectivity with upcoming infrastructure like Ring Roads 3.5 and 4\u2014slated for completion in 2026\u2014will ensure residents remain within easy reach of the capital.<\/p>\n

Why buy?<\/strong><\/p>\n

Influenced by Hanoi\u2019s inclusion in the UNESCO Creative Cities Network in 2019, Mailand Hanoi City integrates more than 1,000 residential and commercial units in a setting where creativity and innovation can flourish. The project emphasises creative spaces, such as an innovation museum and art exhibitions alongside essential amenities, plus extensive green areas, a golf course, educational institutions, and wellness facilities.<\/p>\n

Wow factor<\/strong><\/p>\n

Dubbed Hanoi\u2019s \u201cfirst creative hub\u201d, the project\u2019s Contemporary Art Centre has ambitions of fostering creative collaboration and innovation among artists, residents, and visitors alike. Featuring interactive installations, digital art platforms, and spaces for live performances, it will bridge traditional Vietnamese artforms with contemporary global trends.<\/p>\n

Brigade Cornerstone Utopia by Brigade Group<\/strong><\/p>\n

\"\"Where?<\/strong><\/p>\n

Situated at the heart of India\u2019s Silicon Valley, Bengaluru\u2019s Whitefield, Brigade Cornerstone Utopia benefits from proximity to major tech parks, lively shopping and entertainment hubs, top healthcare facilities, and some of the Karnataka capital\u2019s best restaurants and bars. The development\u2019s connectivity is bolstered by well-developed roads and public transport options, ensuring culture, entertainment, and wellness are a stone\u2019s throw away.<\/p>\n

Why buy?<\/strong><\/p>\n

With more than 4,000 units spanning studio apartments to luxury homes, the 47-acre integrated township is a compelling proposition for homeowners of all stripes. Standout innovations include adaptable living spaces, bike-friendly avenues, comprehensive health and wellness facilities, creatively designed public areas, and a strong commitment to environmental stewardship.<\/p>\n

Wow factor<\/strong><\/p>\n

The community-orientated ethos of the township is epitomised by the \u201curban forest\u201d spanning more than an acre and featuring 12,000-plus diverse trees. This integration of a vast, biodiverse green space within a large-scale city development is a rare find anywhere, never mind amidst Bengaluru\u2019s urban jungle.<\/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":"

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