Launching the 10th PropertyGuru Vietnam Real Estate Awards

On April 25, Vietnam’s leading real estate award with a long history and prestige officially opened the registration portal. After many rounds of rigorous evaluation, the best investors and projects will be awarded in November 2024.

PropertyGuru Group has just launched the 2024 PropertyGuru Vietnam Real Estate Awards, marking a decade of honoring the gold standard in the Vietnamese real estate industry. The press conference to launch the 10th award took place at Renaissance Riverside Saigon Hotel, Ho Chi Minh City.

Units can nominate and nominate the PropertyGuru Vietnam Real Estate Awards 2024 at: asiapropertyawards.com/nominations until August 23, 2024.

This year’s awards continue to receive the support of many big brands such as platinum sponsor Kohler; gold sponsors Dulux Professional, Hafele, and V-ZUG SEA; official information portal Batdongsan.com.vn; Official magazine Property Report. Construction Newspaper – The mouthpiece of the Ministry of Construction and Reatimes Magazine are press partners and media sponsors for the Award.

Important timelines of the Award: August 23, 2024 – Registration portal closes; September 9 – October 3, 2024 – Field survey at projects and evaluation; October 4, 2024 – Final judging round; November 15, 2024 – Gala Dinner and PropertyGuru Vietnam Real Estate Awards Ceremony in Ho Chi Minh City; December 13, 2024 – Finalist of the PropertyGuru Asian Real Estate Awards in Bangkok, Thailand…

New award categories, consistent with market trends

The PropertyGuru Vietnam Real Estate Awards 2024 is more modern and diverse than every year when adding new titles to honor many different types of real estate, in accordance with market trends. For example, titles for investment real estate products, real estate integrated with nature and sales showrooms.

This year’s awards also promote social responsibility by bringing completely new titles related to ESG (Environment, Society & Corporate Governance) to honor investors who excel in design and construction. Sustainable construction, energy saving and good impact on society.

The independent jury panel, consisting of leading experts in related fields, will participate in rigorous evaluation rounds to select worthy winners of the awards. The entire judging process is controlled by HLB – the world’s leading auditing and consulting organization to ensure fairness and transparency.

Mr. Thien Duong, Chairman of the PropertyGuru Vietnam Real Estate Awards Jury Board and General Director of GroupGSA Vietnam, said: “In a rapidly developing real estate market, this award brings owners Invest in opportunities to shine, connect with important partners and through that, demonstrate commitment to product quality. By raising the bar for the Vietnamese real estate industry, the PropertyGuru Asia Property Awards inspire developers and designers to continuously innovate and redefine the definition of “best” in the industry. their field.”

Mr. Ishan Kala, General Director of Kohler Vietnam & Philippines said: “We are very pleased to accompany the award to recognize excellent projects, creating conditions for investors, architects and designers. designers in Vietnam share their great design works in a dynamic international arena.”

Opportunity to reach out to the region

The winner of the PropertyGuru Vietnam Real Estate Awards will continue to compete with the region’s brightest candidates for the title “Best of Asia” at the Real Estate Awards Finals. PropertyGuru Asia real estate in Bangkok, Thailand.

Last year, a number of investors and projects from Vietnam won regional victories. Leading the way is SonKim Land, with 2 awards “Best luxury real estate developer in Asia” and “Best Boutique complex project in Asia”. The Park Kiara project, developed by ParkCity Hanoi under ParkCity Group, also won the title of “Best delivered apartment project in Asia”.

PropertyGuru Vietnam Property Awards is part of the 19-year-old PropertyGuru Asia Property Awards. This series of awards has covered many dynamic real estate markets across Asia.

Driving force for Vietnam’s real estate market

The 10th PropertyGuru Vietnam Real Estate Awards takes place in the context of the market gradually recovering and improving. According to a survey by Batdongsan.com.vn, 62% of brokers polled said their customers had “spent money” to buy real estate with good prices or sales policies. Batdongsan.com.vn’s real estate consumer psychology report in the first half of 2024 also reflects that up to 65% of survey participants plan to buy real estate in the next year. Of these, 64% will buy in primary projects.

There is also a trend in the market where the age of home buyers is getting younger and younger. Among those who want to buy real estate in the next year, 64% are under 40 years old. Notably, about 60% of young people from 22 to 29 years old are confident that they can buy a house in the future.

Data shows the trend of rejuvenating the age of home buyers (Source: batdongsan.com.vn)

In addition, expectations about investors have increased, especially in terms of financial potential and brand reputation, with 24% of consumers rating awards/certifications as important factors when choosing a developer. invest.

In the first quarter of 2024, apartments in Hanoi are one of the types of real estate that receive the most attention. Apartment prices in Hanoi have increased sharply from 11% – 19% in the past year, approaching apartment prices in Ho Chi Minh City. This price increase is due to limited supply while demand is still very large, not only from Hanoi and the Northern provinces but also from the South. The amount of interest in Hanoi apartments from people in Ho Chi Minh City increased 7.5 times compared to the beginning of 2021, according to the first quarter 2024 report of Batdongsan.com.vn.

Hanoi apartment prices approach Ho Chi Minh City (Source: batdongsan.com.vn)

Explaining this phenomenon, Mr. Bach Duong, General Director of Batdongsan.com.vn commented: “The Northward trend of some Southern investors, who have a loyal customer base, has partly led to the interest from the South. Projects of Southern investors also contribute to diversifying and improving real estate quality in the Northern market.”

Among these “Bac Tien” investors, a number of outstanding units have won the PropertyGuru Vietnam Real Estate Awards 2023. For example, CapitaLand Development (Vietnam) won the Best Real Estate Developer award. and this investor’s Lumi Hanoi project was honored as the Best Luxury Apartment Project (Hanoi); or investor Kusto Home with The Reflection Westlake project winning the title of Best Luxury Apartment Project (Hanoi).

Mr. Jules Kay, General Director of the PropertyGuru Asian Real Estate Awards, said that the positive signs of the recent real estate market are driven by driving forces such as gradually stabilizing capital sources and promising new policies. . Loan interest rates decreased at some banks, helping homebuyers and investors access capital more easily. Changes in the Land Law and Housing Law, such as allowing people of Vietnamese origin abroad to transfer real estate and the openness to foreign capital in social housing development will help expand real estate capital sources. produced in Vietnam.

“Through the real estate awards series in Asia, we hope to contribute to promoting positive psychology for real estate consumers by creating opportunities for investors to affirm product quality and their sustainable development. ” – Mr. Jules Kay shared.