In the grand finale of the Southeast Asia
Property Awards presented by Hansgrohe Group on 24 November 2016,
400 senior industry executives graced the Gala Dinner & Awards
Ceremony of the Southeast Asia Property Awards 2016 (Singapore). In its sixth year, the ASEAN strand of the Asia Property Awards held at the esteemed Shangri-la Hotel Singapore honoured the top developers, architects and consultants in Singapore. The awards also served as the grand wrap-up to the Property Awards in South East Asia where the best industry achievers were paid tribute for their outstanding contribution to the real estate industry.
As the Platinum Sponsor of the Property Awards in The Philippines, Vietnam, Malaysia, Indonesia, Thailand and Singapore in 2016, the Hansgrohe Group is privileged to have had the valuable opportunity to promote excellence in the real estate industry in the Southeast Asian region at both domestic and regional levels. This is in line with the company’s commitment as one of the market leaders for bathroom fittings in the premium and luxury projects sector. With this strategic value-added partnership with the Property Awards, the Hansgrohe Group works hand-in-hand with the Awards to recognise the high calibre developments and outstanding contributions of the “Best of the Best” developers, consultants, architects and interior designers, and to motivate the key stakeholders and inspire the further growth of the property market in Southeast Asia.
Property market in Southeast Asia remains largely promising in the medium and long term Southeast Asia is a diverse region, which has seen tremendous change within the last 20 years, and is an emerging economic powerhouse in Asia Pacific, offering a range of investment opportunities and a promising environment for global businesses. The total population of the ASEAN nations is expected to grow by an average of 5.5 million each year, with at least 80 million people by the year 2030, together with a fast growing middle class especially in Vietnam, Indonesia, Thailand and the Philippines. The region will also benefit from the ongoing and upcoming major infrastructure projects.
In his keynote speech during the Gala Dinner & Awards Ceremony, Mr KC Lee, Managing Director at Hansgrohe Singapore shared that the property market in Southeast Asia remained largely promising for the company in the medium and long term, despite a global backdrop of pressures against the economy and changing political landscapes.
Emerging markets to drive property markets across Southeast Asia
Mr Lee further highlighted that enabling factors such as increasing urbanisation, supported by a young, literate population of growing middle class, will continue to drive property markets across Southeast Asia. Vietnam, one of the fastest-growing economies globally, is undergoing strong developments in the property market, especially with a fast-growing middle class and the increased attraction of foreign investment. Indonesia expects a doubling of their middle-class population between the present and 2020, which presents great potential for the property market as both consumer and investor demand increase. Thailand continues to enjoy its stronghold as the top tourist destination in the world with over 32 million tourists expected this year. On top of a buoyant hospitality sector, Thailand is also experiencing an unprecedented level of demand in the luxury residential sector.
Growing demand for design and quality
The Hansgrohe Group, with its brands AXOR and hansgrohe, is witnessing a growing trend where savvy consumers are drawn to developments that emphasize aesthetically-pleasing designs and use of high quality material. They are also paying a lot more attention to the bathroom, which has become an increasingly important space for rejuvenation, and not merely a functional space. Mr Lee shared, “Increasing aspirations for design and quality will continue to motivate property developers to keep innovating and keep raising the bar.”
Having been honoured with over 500 design awards, and ranked 10th in the 2016 iF Awards company ranking for companies with the highest design competence, the Hansgrohe Group is also ranked above other sanitary brands. The company is renowned for manufacturing high quality bathroom fittings products which are also environmentally-sustainable. Building on German expertise and precision, AXOR and hansgrohe products undergo the highest standards of stringent quality management with sustainable production methods to ensure total value for quality developers, who are fully assured that our top quality products are synonymous with technology, innovation and great design.
The Hansgrohe Group is a successful partner in various prestigious residential and hospitality developments globally, where AXOR and hansgrohe products are found in projects including the Four Seasons Milan, the Burj Khalifa in Dubai, the W Hotels in Singapore, Taipei & Bali, the Edition Hotel Bangkok Mahanakhon in Thailand, Intercontinental Hotel Danang in Vietnam, the St Regis Hotel in Kuala Lumpur, Shangri-La at the Fort Manila, the Bvlgari Resort Bali and the Gramercy Park luxury condominium in Singapore.
At the Gala Dinner & Awards Ceremony, Mr Francis Koh, Managing Director and Group CEO, Koh Brothers Group Limited, was honoured with the “Real Estate Personality of the Year” award for his achievements and exemplary leadership in the real estate industry. City Developments Limited (CDL) and its subsidiary Novel Developments were the biggest winners, having triumphed in nine categories, including the “Best Luxury Condo Development” for the Gramercy Park Condominium. The award-winning project was touted for its “touch of class with the distinction of luxury in a delightfully thoughtful manner through design and construct” and for providing “unexpected lawn space, and a layered positioning of aspirational lifestyle amenities”. Amongst the other awards that CDL and Novel Developments clinched were also the “Best Hotel Interior Design” and “Best Hotel Development” for the recently launched M Social Hotel, the coveted “Best Developer Award” and “Special Recognition in Sustainable Development Award”. For the “Best Landscape Architectural Design (Southeast Asia)”, it was presented to Tanzanite International for The Hamptons Ho Tram, which had won multiple awards in the Vietnam Property Awards on 10 June 2016.
At the Gala Dinner & Awards Ceremony, the Hansgrohe Group also presented to guests its latest innovative products from AXOR and hansgrohe. Guests were visibly pleased to view and experience the latest AXOR One, a minimalist masterpiece designed with renowned London designers Barber & Osgerby, the hansgrohe Talis Select basin mixers and hansgrohe ShowerSelect glass from the design leader in the bathroom fittings industry.
Mr Lee said, “The Hansgrohe Group celebrates its 115th year this year, and we are on target to cross the 1 Billion Euro mark in Net Sales in 2016. We are in good progress in executing in tandem, several strategic growth initiatives to achieve our 2020 mission for strong sustainable growth. The Hansgrohe Group will continue to work with the world’s best designers and architects to bring leading edge designs in the bathroom and kitchen to our esteemed customers, and we look forward to many more opportunities to add value to your outstanding developments.”
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