A Class Of Its Own: Shang Properties And The Resilience Of True Luxury

The 80-story Shang Summit is set to redefine the Metro Manila skyline.

In the evolving Philippine real estate market, the luxury residential segment remains resilient and distinctly underserved. While there are broader concerns about a condominium glut, these issues do not extend to the upper tiers of the property market. Reports from industry experts and analysts indicate that the demand for luxury properties at the highest end continues to outstrip supply. In the Philippines, only a handful of developers can genuinely claim to deliver properties that fulfill global standards expected at that level.

As part of the internationally renowned Kuok Group, Shang Properties, Inc. stands distinctively at the forefront of this elite category. While independently operated from the Shangri-La hotel group, the developer greatly benefits from the shared brand equity and skill set of its sister company. Shang Properties is lauded for its unique “luxury hotel DNA,” which sets its developments apart. Each project is meticulously crafted, from the design phase to long-term management, and executed by professionals trained to the highest standards of hospitality. This exceptional focus on quality ensures that residents enjoy living experiences comparable to being in a five-star luxury hotel.

Maria Rochelle S. Diaz, Executive Vice President – Commercial at Shang Properties, Inc., notes that the scarcity of properties matching the caliber of the developer’s offerings has fueled strong value gains in the segment. “Luxury and premium condominium developments sold pre-pandemic have seen their secondary market values double or even triple post-pandemic due to limited supply from a select few players,” she says.

Analysts attribute part of this appreciation to the concentration of premium developments in key business districts, known for their consistently high demand and appeal to a broad selection of end users. Diaz notes that these locations remain highly attractive due to their established business and lifestyle ecosystems, and the presence of major local and multinational corporations. This reflects the strategic positioning of Shang Properties’ flagship developments.

From stunning interiors to luxury amenities, Shang Summit is designed for multigenerational families.

Redefining Luxury Living

In the coveted, upscale enclave of Bonifacio Global City (BGC), Aurelia Residences has earned regional acclaim, including recognition as Best High Rise Condo Development (Asia) at the PropertyGuru Asia Property Awards 2023. Designed by global architecture firm Skidmore, Owings & Merrill and interior designed by FM Architettura, Aurelia’s twin towers offer expansive layouts exceeding 300 square meters, catering to buyers who value sophisticated and generous living spaces.

In Quezon City, Shang Summit is slated to be the tallest residential structure in the Philippines upon completion. This 80-story development blends architectural innovation with a diverse array of amenities tailored to multigenerational residents, including landscaped gardens, business lounges and resort-style recreational spaces.

Set in a prime location, Shang Bauhinia Residences captures the essence of the best in Cebu living, seamlessly blending luxury, community and convenience.

Venturing beyond Metro Manila, Shang Properties has expanded its footprint into the key regional and tourism hub of Cebu with Shang Bauhinia Residences—underscoring its strategic growth and understanding of the local market. The project offers two unique tiers of luxury: the Residences and the even more exclusive Signature units. Amenities such as a sky pool, private theaters and co-working spaces set a new benchmark for luxury residences in Cebu, highlighting the developer’s ability to adapt global standards to regional tastes.

Investing in Prestige

Shang Properties’ developments are tailored to the expectations of high net worth individuals, such as affluent professionals, expatriates and investors. This clientele seeks residences that offer exceptional living standards, as well as assets with significant long-term appreciation potential. The developer’s unique competitive advantage lies in its deft balance of world-class expertise and brand recognition, enhanced by deep local insights.

Diaz says, “In the luxury market, there is still good demand due to the limited supply of projects. Developers, regardless of scenario, carefully study market indicators and maximize opportunities.”

This measured approach has enabled Shang Properties to sustain robust pre-selling figures across its latest developments—reflecting strong investor confidence and anticipation for its signature offerings. It also reinforces that oversupply concerns do not apply to this particular tier, where Shang Properties is a prominent player. As Diaz notes, demand is further driven by shifting preferences toward larger, better-appointed living spaces suited to hybrid work and evolving lifestyle needs.

Catering to Growing Demand

Market forces are further driving the momentum of this segment. In 2024, Manila recorded an impressive 17.9% annual price growth in prime residential values, the highest in ASEAN, driven by strong interest from both local and foreign high net worth buyers. Economic indicators, including moderated inflation and eased monetary policies, have contributed to positive investor sentiment in the country. The Philippines’ demographic advantage—a young and economically active population—further supports long-term demand for residential and investment properties. This confluence of urbanization, wealth creation and emerging economic hubs ensures that the luxury tier enjoys a broad and growing base of demand, insulating it from trends seen elsewhere.

As the Philippines expands its economy and upgrades its infrastructure, the outlook for high-end properties in the rapidly growing country remains positive. With its focused portfolio and distinguished pedigree, Shang Properties is well-placed to drive the leading edge of this dynamic segment.

Shang Bauhinia Residences is a meticulously crafted vision from Shang Properties, where the signature Shang experience is seamlessly interwoven into every detail. 

 

https://www.shangproperties.com/

Megaworld: The Philippines’ Largest Office Landlord And Developer

Megaworld Corporation, the property arm of Alliance Global Group, Inc., stands tall as the Philippines’ biggest office landlord and developer. Recognized for the second time as having the Best Operational Office Portfolio at the recent PropertyGuru Philippines Property Awards 2024, Megaworld’s unmatched roster of office developments spread across various strategic locations in the country, reinforcing its role as a cornerstone of the nation’s economic growth and urban transformation.

Megaworld townships, exemplified by Uptown Bonifacio, embody the company’s pioneering Live-Work-Play-Learn concept.

In the ever-evolving real estate landscape, Megaworld’s office spaces are not merely towering world-class structures; they are hubs of innovation, productivity and growth—solidifying the company’s role in driving the Philippines’ status as a global business destination.

A Leader in Office Space Development

With over 1.5 million square meters of office space spanning more than 80 towers, Megaworld dominates the office real estate sector in the Philippines. The company is on track to expand its office space portfolio to two million square meters by 2030, reinforcing its leadership and long-term commitment to driving the growth of one of the world’s fastest growing economies.

Megaworld’s office developments are home to over 200 multinational corporations, including global leaders like Google, JPMorgan Chase, IBM, Wells Fargo, Samsung and Bayer. These spaces have also attracted some of the largest names in the business process outsourcing (BPO) and IT industries, such as Accenture, Thomson Reuters, FactSet, Carelon, Cognizant, iQor, Telus and WNS. The company’s reputation for delivering world-class office environment, including over 30 office buildings with LEED certifications, has made it the preferred partner for global companies.

Megaworld’s townships such as Iloilo Business Park boost IT-BPO growth in key areas.

Pioneering the BPO Industry with Eastwood City

Megaworld’s journey as the leader in office development began with Eastwood City, the country’s first cyberpark in Quezon City. As the cradle of the Philippines’ booming BPO industry, Eastwood City has grown to house over 80 IT and BPO firms, including global giants such as IBM and Accenture. Celebrating its 20th anniversary, Eastwood City remains a premier business hub, fostering innovation and excellence that have driven the nation’s economic progress.

Following the success of Eastwood City, Megaworld replicated its winning formula in other key developments such as McKinley Hill, McKinley West and Uptown Bonifacio in Taguig City. These townships now accommodate nearly 100,000 BPO workers and host major corporations, including Wells Fargo, Bayer, Samsung, FactSet and Thomson Reuters, among others. Notably, the Uptown Bonifacio township is home to bespoke office towers built for JPMorgan Chase, a testament to Megaworld’s capability to deliver tailored solutions for global enterprises.

The Philippines’ property giant Megaworld is led by Andrew Tan (center) as Chairman and Founder, Lourdes Gutierrez-Alfonso (left) as President and Kevin Tan (right) as Executive Director.

Driving Development and Economic Growth Beyond Manila

Beyond Metro Manila, Megaworld has been instrumental in supporting the Philippine government’s efforts to decentralize economic activity. By establishing office hubs in key growth areas in the provinces, the company has brought employment opportunities closer to where Filipinos live. Iloilo Business Park in Western Visayas, for instance, dominates the IT-BPO market in Iloilo City, employing 20,000 workers and attracting first-time locators such as Carelon and WNS.

In Cebu, The Mactan Newtown stands as a thriving business hub, featuring eight office towers that house industry leaders such as Manulife and Concentrix, significantly boosting the province’s economy. In Bacolod City, Megaworld has raised the bar with the launch of its first and most advanced office tower in the city, solidifying its presence in Western Visayas. Over in Mindanao, the Davao Park District continues to support regional growth with a 14-story office tower catering to Manila-based companies expanding into Davao City, the region’s economic epicenter.

Eastwood City, Megaworld’s 18.5-hectare inaugural township, is the first IT-Cyberpark and birthplace of the BPO industry in the Philippines.
McKinley Hill, Megaworld’s 50-hectare township in Taguig City, plays host to the Philippine headquarters of leading global corporations.

The company is also expanding its footprint in Luzon, with new office towers already in the pipeline and rising soon in Capital Town in San Fernando City in Pampanga province and Maple Grove in General Trias City in Cavite province.

Setting the Standard for Sustainability in the Philippine Office Industry

As the leading office developer, Megaworld is also at the forefront of sustainability. The company’s 32 LEED-certified and registered office buildings incorporate cutting-edge green design and construction practices. Landmark projects include the award-winning Worldwide Plaza in Uptown Bonifacio, LEED Gold-certified One Paseo in ArcoVia City and the International Finance Center, recognized as the “Best Green Office Development” at the 2024 Philippines Property Awards.

The 24-story International Finance Center in Megaworld’s Uptown Bonifacio township in Taguig City has been awarded the country’s “Best Green Office Development” at the 2024 Philippines Property Awards.
The JPMorgan Chase Tower stands as one of the most modern and sustainable buildings in Uptown Bonifacio.

A Vision of Growth and Empowerment

Megaworld’s unwavering commitment to innovation, regional development, and environmental stewardship cements its role as a transformative force in the Philippines. By creating world-class office spaces, driving decentralization and championing sustainability, Megaworld is not just building structures—it is shaping the future of work and empowering the Filipino workforce.

As the country’s biggest office landlord and developer, Megaworld remains a vital partner for global corporations and a key player in the nation’s journey toward economic growth and global competitiveness.

 

 

 

https://www.megaworldcorp.com/

 

 

Redefining Urban Experiences In The Heart Of Bangkok

One Bangkok

Thailand’s much-anticipated One Bangkok neighborhood finally opened its doors to the public on October 25, 2024, marking a significant milestone for master developer Frasers Property. Nestled in the vibrant heart of Bangkok, at the intersection of Wireless Road, this monumental project is poised to redefine urban living in Asia. As the largest fully integrated district in Thailand, One Bangkok aspires to blend lifestyle, culture and sustainability, creating a new landmark in the heart of the city while fostering a community where live, work and play come together.

Visitors and residents can enjoy unique lifestyles and shopping experiences, alongside world-class art and cultural programs. The development leverages smart city innovation and sustainable design to enhance quality of life by providing a secure, convenient and inclusive space accessible to all.

“By paying careful attention to every detail, from master planning and design to construction and business operations, we are crafting ‘The Heart of Bangkok’ to be an inspiring wonder in everyone’s heart,” says Panote Sirivadhanabhakdi, Group CEO of Frasers Property.

Occupying 1.83 million square meters or about 17 hectares, in the city’s central business district, One Bangkok is larger than New York’s Hudson Yards development. It is a fully integrated ecosystem designed to meet the diverse needs of its residents, workers and visitors. The development includes five premium office towers, three ultra-luxury residential towers, five world-class hotels, three retail zones and One Bangkok Forum, a live entertainment arena—each constructed to meet the highest standards of design and functionality.

Parade Park

Sustainability is at the core of One Bangkok’s design. In a city where urban space is scarce, dedicating almost half of the district’s land area to green and open spaces is truly impressive.

This commitment to creating a healthy, vibrant environment is evident in the inclusion of One Bangkok Park, Parade Park and Wireless Park, which stretch along Rama IV and Wireless Roads. These green spaces provide a natural extension to the nearby Lumphini Park and Benjakitti Park, enhancing the overall urban landscape and offering residents and visitors a refreshing escape from the bustling city life.

One Bangkok is the first project in Thailand to receive the LEED for Neighborhood Development (LEED-ND) Platinum standard and aims to achieve the WELL Platinum standard as well. The development has also attained the Platinum WiredScore and SmartScore certifications, reflecting its commitment to sustainability and smart city principles and meeting international standards for long-term sustainability.

Parade

Transforming the Retail Experience

While One Bangkok’s residential and commercial spaces are impressive, its district retail spaces are poised to set it apart. As Thailand’s first lifestyle-focused development of this scale, One Bangkok aspires to introduce a new model for retail experiences that aspires to elevate the city to become a new Asian shopping metropolis with sensational lifestyle experiences.

One Bangkok welcomes the world as the city’s beating heart of shopping and lifestyle, showcasing a new experiential hub that is expected to offer uniquely different retail concepts, designs and experiences that are seamlessly interconnected. Consisting of three distinct retail zones, the all-inclusive Parade is expected to attract families, and The Storeys with unique, concept stores are now open. Post 1928, Bangkok’s first shopping street, is expected to offer a progressive, dynamic luxury shopping and will open in its next phase.

Mitsukoshi Depachika

One Bangkok is set to offer unique retail concepts and distinct shopping styles that promise to be unparalleled. For instance, Mitsukoshi Depachika, the one-of-a-kind “Depachika” concept supermarket and food hall that will be located within the Parade, provides indulgent world-class selections for all food enthusiasts. Shoppers can expect high-quality fresh produce from exclusive farmer networks. In addition to the supermarket assortment, the food hall features well-known and never-before-seen Japanese brands, pastry boutiques, cafes and restaurants.

The retail experience at One Bangkok is further enhanced by the Retail Loop, a vast corridor that will eventually feature over 900 stores, encompassing entertainment venues, restaurants and a repertoire of lifestyle offerings. Another highlight is the Bangkok Wonder Food Loop, a 1.5-kilometer stretch dedicated to culinary delights. Here, visitors can enjoy a new dining destination, offering all-day dining experiences and after-work hangout spots with over 250 fine dining restaurants, rooftop bars and street food vendors offering a global culinary journey.

King Power City Boutique
SARAPAD THAI

Look out for the one-of-a-kind “Made in One Bangkok” experiences exclusively curated to draw local and foreign visitors alike, including King Power City Boutique, for duty-free and travel retail products across two floors of the Parade as well as SARAPAD THAI, a curated lifestyle store capturing the essence of modern Thai culture with home décor, apparel and daily essentials. Those who love a modern concept bookstore with lifestyle elements should visit One Content store, set to become Bangkok’s new check-in spot for influencers.

The Art and Cultural Hub

One Bangkok’s commitment to art and culture is also evident throughout the district. The Art Loop is an open-air museum spanning over two kilometers, combining world-class art and cultural programs.

Recently, One Bangkok announced the installation of permanent public sculptures by world-renowned artists, including Anish Kapoor and Tony Cragg. These sculptures will be integral to the Art Loop, creating an inspiring and engaging environment for visitors. The district’s cultural offerings are designed to make art accessible to everyone, fostering a sense of community and enhancing the overall visitor experience.

A must-visit destination at One Bangkok is The Wireless House One Bangkok. This reconstruction of Thailand’s first Radio Telegraph Station from 1914 serves as a cultural learning space and hangout for urban dwellers, connecting its past with the modern character of One Bangkok.

The Storeys

A Welcoming Space for All

With the development now open, One Bangkok invites visitors from around the world to explore its wide range of offerings. From world-class performances and exhibitions at the One Bangkok Forum to seasonal and festival celebrations in its expansive open spaces, including One Bangkok Park, there is always something happening at this welcoming and vibrant destination.

Whether you are a local resident, a business professional or a global traveler, One Bangkok is shaping up to be a must-visit destination for anyone looking to experience the future of urban living. Says Sirivadhanabhakdi: “This project will bring Bangkok to the fore as an international city both economically and culturally, becoming an unparalleled lifestyle destination that will attract top-level business professionals, investors, as well as tourists, local and international alike.”

Shaping Cities For A Sustainable Future

Frasers Tower, Singapore

Amid rising climate threats, the need to reshape our cities and rethink urban planning has never been more critical. Without decisive action, some urban environments risk becoming unliveable in 10-20 years; collaboration across different disciplines and industries is critical as we reconsider how cities are designed, built and sustained for the future.

Today, up to 80% of buildings in mature cities will still be in use by 2050. Many of these structures were not designed to account for evolving climate risks, such as flooding and increased energy demands. These buildings need to evolve with the changing social needs of diverse urban populations or risk exacerbating inequality and social fragmentation.

As cities strive to meet a zero-carbon future, these buildings are at risk of becoming obsolete. While the challenges are significant, there exists the opportunity to positively reshape urban environments.

This presents an urgent call to action for stakeholders, including policymakers, capital owners, investors and developers.

“We find ourselves at a critical juncture, where today’s collective decisions will determine the liveability of our cities for decades to come,” says Wanshi Zheng, Group Chief Strategy and Sustainability Officer at Frasers Property.

Taking Action

The journey ahead may be complex, but with the right holistic considerations and collaborative eff orts, these challenges can be overcome. Forward-thinking developers are making progress toward creating more resilient cities by working in public-private partnerships to ensure investments go further—for profit and beyond. 

According to research by JLL, one-third of commercial real estate leaders plan to transition away from less carbon-efficient spaces by 2025. Assets that address environmental and social factors are better positioned to retain their value and avoid the risks of depreciation or becoming stranded assets.

As a leading multinational real estate company that develops, manages and invests in a diverse portfolio across Asia-Pacific and Europe, Frasers Property has implemented strategies to contribute to the building of resilient, sustainable and vibrant cities. The company strives to integrate environmentally friendly practices and social responsibility across its entire value chain.

Frasers Property has set sustainability targets, committing to reduce its direct emissions, but also those generated by its stakeholders.

“At Frasers Property, our development capabilities in greenfield and brownfield projects are helping build successful cities of the future. We are committed to enhancing the quality of life for the communities we serve, fostering sustainable and vibrant environments where people can thrive,” says Zheng.

Leading Sustainable Urban Development

An effective way to ensure urban resilience is by integrating sustainable practices from the outset. New developments offer a unique opportunity to incorporate cutting-edge environmental and social sustainability strategies. By prioritizing sustainability at the projects’ inception, developers can effectively guard against climate events while minimizing capital expenditure otherwise spent on climate adaptation.

Frasers Property exemplifies this approach through various projects that integrate sustainability into the fabric of modern cities such as with One Bangkok. This sprawling 17-hectare development is set to become Bangkok’s first LEED for Neighborhood Development (LEED-ND) Platinum-certified district.

One Bangkok incorporates energy-efficient systems, extensive green spaces and advanced water management techniques, setting new benchmarks in sustainable living.

Artist’s impression of Bradmill Yarraville, Victoria, Australia

Revitalizing for a Sustainable Future

Retrofitting and adaptive reuse of existing properties are crucial strategies for reducing environmental impact that can also be considered in revitalizing cities.

Frasers Property’s transformation of Bradmill Yarraville in Victoria, Australia, exemplifies this approach. Once an industrial denim factory, the site sat unused for over 15 years after shuttering, serving as a playground for graffiti artists and underground raves before being earmarked for development into a dynamic, mixed-use community while retaining key elements of its heritage.

Structures on the site’s old boiler house will be preserved in recognition of its history, while some of its graffiti will be maintained and displayed in the development as a nod to its underground culture.

“We wanted to maintain a connection to Yarraville’s past by respecting the site’s historical significance, as we create a space that meets modern needs,” says Cameron Leggatt, CEO of Frasers Property Australia.

Artist’s impression of The Tube, Düsseldorf, Germany

Balancing Commercial Viability With Environmental Responsibility

When new construction is unavoidable, the focus should be on minimizing environmental impact. The demolition of The Tube, a former industrial site in Germany, to make way for a new industrial anLEd logistics park, serves as an example.

Frasers Property ensured a sustainable demolition process by segregating and repurposing construction waste, recycling up to 70,000 tonnes of building material. It collaborated with the German Sustainable Building Council (DGNB) to pilot and test indicators that would form the basis for the first-ever Gold certification standard for a climate-friendly demolition of an industrial site. This demonstrates that even in challenging situations, environmental responsibility can be maintained alongside commercial objectives.

Creating Inclusive, Flexible Urban Spaces

The built environment has long shaped the way people live, but in recent years, there’s been growing recognition of its potential as a powerful force for positive social change.

Industry leaders have a unique responsibility—and opportunity—to enhance health and well-being, strengthen communities and culture, and promote social inclusion, all while delivering lasting economic benefits.

Frasers Property is dedicated to placemaking, creating inclusive and adaptable spaces that meet the needs of urban populations while shaping communities, cultures and connections within.

Midtown MacPark, New South Wales, Australia

Fraser Property’s Midtown MacPark in Sydney illustrates this commitment. The project, its partnership with state and federal governments and community housing provider Mission Australia Housing, seeks to tackle Australia’s housing shortage by providing affordable homes among its mix of some 3,300 apartments. The community is designed to be sustainable and inclusive, aiming to be 100% carbon neutral upon completion, with dedicated community facilities and resources for everyone.

In Singapore, Frasers Property, in partnership with national utilities distributor SP Group, has demonstrated how public-private partnerships can shape sustainable outcomes. Its Century Square and Tampines 1 malls are part of Singapore’s first brownfield Distributed District Cooling (DDC) network supplying centralized cooling to buildings within its network. The DDC is projected to reduce carbon emissions equivalent to taking 1,236 cars off the roads annually. 

Collective Action Required

Frasers Property will continue leveraging its network, expertise and experience to navigate the challenges of its net zero journey. The transition to a low-carbon world cannot be achieved alone. The path to resilient, sustainable cities requires collaboration across the entire value chain.

Businesses, government bodies and communities must work together to create urban environments that are sustainable, thriving and inclusive, improving the quality of life for all who reside, work and play in them.

Real Estate Remains Resilient

The real estate sector in the Asia-Pacific (APAC) region is projected to stabilize in the second half of 2023, on the back of improving macroeconomic conditions. Experts predict that as inflation eases and interest rates reach their peak, investors in the region will have exceptional opportunities.

Several key themes have emerged across the real estate markets in the region. Offices will continue to be the go-to asset class although the pandemic has had a deep and lasting impact on how people work and the concept of the workplace. A joint report by PwC and Urban Land Institute reveals that the demand for modern, high-quality office buildings remains strong, even as hybrid and remote work practices continue. Additionally, multifamily build-to-rent developments are gaining traction in APAC, with investors exploring opportunities in Australia and China.

Meanwhile, although Singapore remains an attractive destination for foreign investors, emerging markets such as Indonesia, the Philippines and Vietnam are gaining momentum. These markets offer high rates of economic growth and boast emerging consumer classes, according to the report.

Sustainability Considerations Transform Real Estate

In the Philippines, the real estate sector is evolving to the next level, with one of the largest property developers in the country, Ayala Land, Inc. (ALI), leading the transformation. The group’s commitment to sustainability is evident in the projects it undertakes—from its integrated mixed-use developments to luxurious residences spearheaded by its two business units Ayala Land Estates and Ayala Land Premier.

“Our vision extends beyond real estate development,” says Robert Lao, Group Head of Ayala Land Estates. “We aim to create thriving sustainable communities that provide diverse growth opportunities and inclusive spaces to all. It’s about planning for a mix of developments and spaces that nurture the environment, social and economic growth.”

Boasting a robust portfolio spanning over 45 sustainable estates across the country, ALI is the mastermind behind the nation’s most prominent mixed-use developments, including the Makati Central Business District, Bonifacio Global City, Cebu Business Park and Nuvali.

Indeed, sustainability is a common theme across markets in Asia as investors are placing a greater emphasis on Environmental, Social and Governance (ESG) criteria and ratings of real estate. Over in Hong Kong, Sun Hung Kai Properties (SHKP) is transforming the city’s skyline with its iconic and environmentally friendly developments. Its latest project, the High-Speed Rail West Kowloon Terminus Development (XRL Development), aspires to be more than another office complex, combining work and leisure elements for the well-being of tenants. Designed by Zaha Hadid Architects, the XRL Development incorporates low-carbon design and materials, including photovoltaic panels at roof levels and portions of the facade.

The project has received numerous sustainability accolades including LEED Platinum, BREEAM Excellent rating, BEAM Plus (Platinum), WELL (Platinum), China Green Building Label (3 star) and China Healthy Building Label (3 star).

As real estate investors look ahead, many will be drawn to APAC’s resilient and dynamic market with cautious optimism.

Asia-Pacific’s Luxury Property Sector Set To Soar

Pent-up demand is expected to convert into supercharged activity throughout the Asia-Pacific real estate market this year, with the luxury end of the sector set to do especially well. While a general uptick is anticipated, industry sources have identified a number of individual country markets that are likely to particularly benefit from this improved sentiment.

In the case of Singapore, according to the latest Asia-Pacific Market Snapshot by global real estate brokerage Colliers, demand for bigger and better-quality spaces is expected to be particularly robust, with homeowners willing to pay a premium to secure such properties. The market is expected to be further bolstered by a growing influx of high-liquidity overseas buyers. Throughout the region, it is also expected that greener, more environmentally friendly spaces will be at a premium.

One development that is keen to burnish its green credentials is the Marina One Residences, one of Singapore’s most sought-after upscale living complexes. With its award-winning blend of luxury, spectacle, convenience and unmatched natural harmony, the Residences continue to be the preferred choice for both high-end family living and as a high-return real estate investment opportunity.

Of late, working from home and changed consumer preferences have seen the development’s three- and four-bedroom apartments emerge as its most in-demand spaces, while its penthouses also continue to attract particular attention. Its status as one of the city’s most award-winning green buildings has also proven a huge draw.

Over in the Philippines, according to Colliers, the completion of a number of major infrastructure projects is likely to spur demand. Inevitably, this will hugely reassure investors throughout the sector, while also acting to buoy rental values and reduce vacancy rates.

Benefitting from this renewed market confidence is the portfolio of new properties on offer from Ayala Land, one of the Philippines’ largest developers. Having built its reputation through the provision of superior sustainable developments, this year the company is focusing on a raft of new projects set far from the Metro Manila area.

Among its current flagship projects is Solinea, which offers city resort-style living at the heart of Cebu Business Park. Those in the know are also eyeing The Residences at Azuela Cove, a luxurious planned space enjoying panoramic views out over the Davao Gulf.

With its GDP expected to surge over the coming years, the Philippines is also set for a boom on the luxury residential front. Spearheading this is a canny example of brand extension on the part of Grand Hyatt, which has seen the 50-story Grand Hyatt Manila Residences (GHMR) South Residences acclaimed for its eclectic mix of upscale lifestyle, dining and shopping options, not to mention its 188 designer residential suites.

Set adjacent to the landmark Grand Hyatt Manila and developed by Federal Land, GHMR maintains the level of premium living the five-star hotel is renowned for, while allowing its affluent residents to enjoy it in an ongoing, uninterrupted fashion.

These and other landmark projects signal an exciting year ahead for the Asia-Pacific real estate sector.

Singapore Scales New Heights

Despite the lingering impact of the Covid-19 pandemic, Singapore is taking center stage amid a resurgence in businesses, a calibrated resumption of travel, and upbeat consumer sentiment. The city-state has clearly regained its confidence as a global financial hub, with the growing number of wealthy entrepreneurs snapping up posh homes in prime residential districts, sending prices to record highs.

Adding to signs that the Singapore economy is returning to normalcy, the nation’s economic growth climbed a reassuring 7.1% in the third quarter compared to the previous year. This nascent recovery has boosted the country’s burgeoning fintech industry and the ever-resilient luxury real estate market. No doubt, the substantial economic stimulus measures announced by the government in the most recent budget has helped to further bolster economic activity across the board.

Peak of Luxury

While the restoration of international links has empowered certain sectors, it’s the legacy of the sundry local lockdowns that has brought added vitality to some businesses. With staying at home required for some people and the preferred choice for others over the past two years, the primacy of having access to truly resplendent residential spaces has never been greater.

Residential spaces don’t come more resplendent than the Wallich Residence, a skyscraper at the heart of Singapore’s central business district. The occupants of one of Singapore’s loftiest living spaces can endure pandemic-enforced confinement in the utmost comfort.

Inevitably, demand has soared for the remaining units in this deluxe abode, which extends from the 39th to 64th floor of the Guoco Tower, the city’s tallest and most exclusive mixed use residential, office and hotel structure. Now that fine dining and cultural exploration are very much back on the menu, the ultra-connectivity of the residence’s city center location has only further enhanced its allure.

Transborder Transactions

With trade rebounding, restrictions on travel being scaled down and supply chains surging back into life, the need for efficient and unfettered digital payments into China has become a priority for many international businesses. This bodes well for Aleta Planet, a Singapore fintech firm that processes cross-border digital payments.

Founded seven years ago, the successful rollout of its flagship AP-1 digital card has positioned Aleta Planet among the major players facilitating rapid and secure payments to China-based business partners and suppliers. AP-1 allows international users to make payments in China without the need for a local bank account.

This app-based system allows payments to be cleared into UnionPay personal accounts worldwide or to qualified WeChat users in China in an instant, much faster than the 2 to 4 business days it takes via telegraphic transfer. With its mainland system in place, the company is looking to replicate its services in other jurisdictions, making it ideally equipped to meet the needs of Singapore’s increasingly global businesses.

Building On A Global Recovery

As the global economy begins to emerge from the depths of the pan­demic, real estate markets across Asia-Pacific are poised for a strong recovery in 2021. In particular, the expected easing of border and travel restrictions this year should see investors return to key growth markets such as Hong Kong, Singapore and Sydney.

According to a recent report by global real estate services firm Cushman & Wakefield, total real estate investment volumes (exclud­ing development sites) in Asia-Pacific are expected to bounce back in 2021 to around US$165 billion, or 90% of the level in 2019.

“This rebound in investment activity in the region is supported by greater investor confidence as Asia-Pacific leads the eco­nomic recovery across the world. The region is also riding on the positive momentum off the back of a surge in investments in the last quarter of 2020,” the report said.

In terms of asset classes, investors are expected to favor residential properties. Con­sultancy Knight Frank estimates 17 out of 22 prime markets in the residential segment will see stable to moderate price growth in 2021.

In Singapore, the residential market contin­ues to be robust, with private condominium prices rising for the seventh straight month in February. Home buyers can look forward to high-profile luxury projects being launched in the city-state this year. One such develop­ment is the upcoming Park Nova in Singa­pore’s prime Orchard Road district.

The maiden project by Hong Kong-listed developer Shun Tak Holdings, Park Nova will include 51 luxurious units and three pent­houses in a 21-story residential tower. The development, nestled amid a lush vertical garden, features a unique biophilic design.

In Hong Kong, the luxury development 8 Deep Water Bay Drive by Nan Fung Group also offers a premium green living experi­ence to residents of the bustling metropolis. Nature is a key highlight of this development, with the surrounding greenery sculpted into multilevel green spaces within the grounds.

Meanwhile, office properties are another highly sought after asset class, especially those in prime locations. As companies adjust their office occupancy needs to take into account remote working arrangements, the office market should see some increase in momentum in the second half of this year, according to Cushman & Wakefield.

One upcoming prime office develop­ment that is catering to flexible working needs is CapitaSpring, located in the heart of Singapore’s Central Business District. The development features hybrid workplace solu­tions that offer fully integrated workspace options—including hot desks, meeting facilities, private offices and large enterprise suites—in one building. Tenants can maintain a core office for key operations and choose from a host of flexible workspace options when required.

After a subdued 2020, projects such as Park Nova, 8 Deep Water Bay and CapitaSpring are set to excite investors once again as real estate markets ride the global economic recovery in 2021.

AMOMA: Above And Beyond

Living room

Offering an exquisite blend of secluded refinement, bespoke services and contemporary design, Fuin Properties is raising the bar for luxury living in Tokyo with the much-anticipated launch of AMOMA Hiroo. Nestled along an idyllic street in a neighborhood known for its embassies and prestigious higher learning institutions, the development features seven elegant residences set within a self-enclosed sanctuary, providing unrivalled privacy within the city’s most cosmopolitan district.

Fuin Properties—cofounded by Hong Kong-based, luxury real estate trailblazers Luke Fehon and Amy Li—has a reputation for crafting residential spaces suffused with sophisticated design and a unique sense of place, and these are qualities that AMOMA Hiroo embodies throughout. From the modern Japanese-inspired lines of the lofty perimeter facade and understated entranceway, to the serene simplicity of the communal courtyard garden, to the intrinsically chic interior design of the residences themselves, the development is imbued with an aesthetic that is at once minimal and cozy.

This luxurious and authentic expression of Japanese modernist architecture has been achieved in collaboration with a team of world-leading talents, including renowned Tokyo-based firm Wonderwall, French interior styling specialist Liaigre and Japanese landscape design mastermind Seijun Nishihata. The result is a true sanctuary in which each element combines to create a sense of harmony and tranquility. 

Master bedroom

Each of the seven two-story residences has been designed to allow for the effortless flow of movement, energy and light, creating spaces that are open and airy yet warm and inviting. A palette of finishes, including natural woods, glass, stone and patinated bronze detailing, evokes a sense of calm reflection, while an individual private courtyard garden provides a meditative anchor point at the heart of each home.

The spacious kitchens, which can be customized to buyers’ specifications, are crafted from Italian marble and solid oak by Germany’s renowned Bulthaup, and are replete with the finest modern appliances from Miele, Gaggenau and Dornbracht. Other notable features include natural oak wood flooring, Japanese Hinoki wood bathtubs, and stone fireplaces, while there is also a fitness area lined with Japanese shoji screens and featuring state-of-the-art Technogym equipment.

AMOMA Hiroo is much more than just a physical space, and residents have access to a complete array of personalized services and tailored lifestyle experiences. These include key personnel such as concierge, housekeepers, private chefs and personal trainers, who are on hand round-the-clock to cater to any and every need. The developer has also partnered with Rolls-Royce Motor Cars and VistaJet to ensure that residents always arrive and depart in style: a fleet of bespoke Rolls-Royce Phantoms driven by a team of highly trained chauffeurs is available for use 24/7, while property owners also receive a complimentary one-year VistaJet Silver membership that provides preferred access to more than 70 private aircraft.

AMOMA Hiroo is the first of four such projects currently being developed under the AMOMA brand by Fuin Properties in Japan, with additional properties planned for Kyoto, Atami and Niseko.

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For more information, please contact:

Tel: +852 2813 6100

Website: www.amomajapan.com

Email: sales@amomajapan.com 

Alveo Forges Ahead

Broadfield Commercial District

The Philippine economy is expected to bounce back with a vengeance next year as businesses recover their momentum. This means now is an opportune time to consider new investments on the horizon.

Alveo Land, one of the country’s most respected and reliable names in real estate, is targeting visionary business investors with its extensive and strategic project portfolio. Banking on the heritage of its parent Ayala Land, the industry leader is forging ahead with innovative and exciting developments that are sure to make a lasting impact on the new business landscape.

In the middle of Metropolitan Manila, Alveo shines with its award-winning Stiles Enterprise Plaza. This 29-story building is Alveo’s flagship office-for-sale project in Circuit Makati, Ayala Land’s booming riverside district that is the city’s latest rising business address. Integrating eclectic office and lifestyle zones with dynamic workspaces, Stiles Enterprise Plaza is designed to provide an adaptable and inspirational environment for budding creatives, startups and entrepreneurs.

Ayala Land’s Arca South development in Taguig City is emerging as a cutting-edge, technology-charged urban hub. Strategically located at the convergence of major business districts and transport corridors in Metro Manila, the estate’s progressive urban design is complemented by verdant open spaces.

Stiles Enterprise Plaza

At the hub’s gateway rises Alveo’s Tryne Enterprise Plaza, another choice office-for-sale development offering flexible workspaces for future-focused businesses. With access to diverse retail destinations and lifestyle options, this master-planned estate is the next desirable business location for savvy urbanites.

Just outside Metro Manila, Alveo is contributing to the growth of emerging economic centers with Broadfield, Ayala Land’s newest estate in the Calabarzon region. Its location is highly accessible to the game-changing Cavite-Laguna Expressway, a key corridor of the Metro Luzon Urban Beltway.

Broadfield’s future-proof master plan upgrades the region to the next level, boasting green open spaces, pedestrian-friendly sidewalks, dedicated bike lanes and parks lined with shops and restaurants. This vibrant community will attract those seeking a healthy, invigorating environment to live, work and play in the south.

Multiple investment opportunities abound in the area—commercial land prices have quadrupled in the past 10 years. Leveraging the captive market of surrounding areas (including Laguna Technopark, multiple residential enclaves such as Alveo’s Aveia and Venido, and De La Salle University Laguna), Broadfield’s retail and commercial prospects are certain to take off as the estate progresses.

“On the road to recovery, we believe that we will see greater demand for developments that are greener, more spacious, adaptable and people-friendly,” says Robert Lao, Alveo Land President. “Thankfully, these sensibilities align with the values and principles that guide the master-planning of all our communities. Alveo is more than ready to fulfill these needs as we anticipate a brighter and healthier future for us all.”

 

www.alveoland.com.ph