Hotels, tourism, and real estate are featured in next week’s virtual event – Cambodia Business Briefing. Organized by C9 Hotelworks and Delivering Asia Communications, the session will be on Tuesday 26th October, 3:00 pm Phnom Penh/Bangkok Time | 4:00 pm Singapore/Hong Kong.
Cambodia remains one of Asia’s top-up and coming marketplaces. Pre-pandemic, its pace of development hit a fever pitch and as we move towards the reopening of international travel the question is where does it go from here?
In a country rich in natural resources and culture, the economic footprint in large-scale infrastructure projects and urban expansion of Phnom Penh. While on the flip side a call to action for sustainable preservation of the country’s unique heritage and vast wilderness areas, forests coastal areas, and islands.
Join this one-hour, high-energy virtual conversation on connecting the dots of key drivers – tourism, hotels, real estate, and sustainability. We have assembled a series of leading experts who will speak about how Phnom Penh is transforming into a modern Asian gateway, where tourism is evolving beyond the legacy destination of Angkor Wat and how a series of eco-tourism entrepreneurs are rewriting the future.
This is part of a continuing series of virtual hospitality events from Delivering Asia Communications and C9 Hotelworks which is intended to create forward-looking conversations, promote a critical rethink of the industry and offer learnings across a wide variety of subjects.
- Sokoun Chanpreda –Managing Director, HMD Asia
- Jesper Palmqvist – Area Director -Asia Pacific, STR
- Peter Meyer – CEO, Lodgis Hospitality
- Marc Townsend – Chairman, CBRE Cambodia
- Willem Niemeijer – Founder & CEO, YAANA Ventures
- Kim Hoan Pheng – Delivering Asia Communications, Cambodia
Co – Moderators
- David Johnson – CEO, Delivering Asia Communications
- Bill Barnett – Managing Director, C9 Hotelworks
- Sumi Soorian – Business Development Director, Delivering Asia Communications
Join us for this special one-hour, digital think piece about innovation, creative trends and ideas focusing on real estate in Asia. This fast-paced session is made up of eight candid and insightful conversations with leading designers, architects, engineers, entrepreneurs and developers. Be prepared to engage, learn and expand your universe of what’s coming next in Asian property.
This online event is co-hosted by Bill Barnett of C9 Hotelworks and Jules Kay of Property Guru is part of the Asia Real Estate Summit series.
Mixed-Use Community Planning – Re-Enter Space and Nature
Robert Day – Regional Managing Director Asia Pacific + China, WATG
Post-Covid Restaurant Design
Stephan Brutti – Principal, Social F+B By Design
Ultimate Asian Vacation Homes
James Knowles – Director of Residential Sales, Minor Hotel Group
Inside the Box, ReThinking Interiors
Max Dautresme – Founder and Creative Director, A Work of Substance
Co-Living. A Look Into the Emerging Property Trend
Luca Dotti – Founder and Managing Director, HOMA
Designing Future Spaces – From Ancient Craft to 3D Technology
Patrick Keane – Founder, Enter Projects
Residential Landscape – A Guide to the Biggest and Best Trends
Scott Dyde – Director, SALA Design Group
Why ESG (Environmental, Social and Corporate Governance) is Important for Real Estate
Matthew Carlisle – Associate Director, XCO2
Bill Barnett – Managing Director, C9 Hotelworks
Jules Kay – Director, PropertyGuru International
LIVE VIRTUAL EVENT: Tuesday 5th October, 3:00 pm Bangkok Time | 4:00 pm Singapore/Hong Kong
Disrupt or Die. Tune in to a full-tilt, one-hour online event led by The Thaiger’s Co-Founder and leading digital entrepreneur Michael Kenner. On the virtual stage will be fast-paced conversations with seven amazing start-up disruptors who are set to change Thailand’s online space.
From super apps, the sharing economy, big data, to taking business off the sois and onto digital platforms. The pandemic has been a catalyst for the biggest entrepreneurial opportunity in our lifetime.
This is a provocative new series of virtual disruptive events from The Thaiger which is aimed to change the way business thinks, and promote change, bring ideas to life, and give innovation a step up.
Sign up now, get the chaos monkeys off your back and prepare to be inspired and dream big.
- Topp Jirayut Srupsrisopa – Founder and Group CEO, Bitkub
- Pun (Twwo) Jaruthassanakul – Senior investment Manager, 500 Startups
- Jostein Aksnes – Chief Executive Officer, Seven Peaks
- Brennan Campbell – Co-Founder and Chief Executive Officer, FazWaz
- Sapir Matmon – CEO and Co-Founder, Tadoo
- Ashton Lawson – Creative Director, Creative Concept AV
- Junaid Shaikh – Digital Coordinator, The Thaiger
- Michael Kenner – Co-Founder, The Thaiger
In a broader sense, the highly tourist-reliant alpine resort area of Niseko has remained attractive to real-estate developers and international hotel operator during the pandemic. Overseas investment sentiment has been positive, highlighted by projects such as Six Senses/Wealth Management Group (100 keys), Moxy/YTL Corporation Berhad (310 keys), and Capella/Shenning Investments (219 keys).
Also, new developments, namely New World La Plume Niseko Resort and Matie Niseko recently launched in the 2021 summer season. Hence, the 2021 Niseko property market has hit a high in new project/off plan transactions of USD2.69 billion.
Although the current worldwide economic remains uncertain, domestic and foreign developers in Niseko are receiving strong demand for land acquisitions of residential plots.
A number of projects are reporting inspection cancellations from offshore buyers, however, there are luxury real estate sales that are completing. Another segment seeing demand from bargain hunters is luxury penthouses or multi-million-dollar holiday homes.
Commercial and retail rental rates have retreated due to a lower number of tourists. However, based on the Ministry of Land, Infrastructure, Transport, and Tourism in 2021, the average land appraisal in Kutchan has continued to rise by 25% y-o-y, making it the highest growth rate in Japan.
To download and read C9 Hotelworks Niseko Property Market Review 2021 CLICK.
Thailand’s resort real estate markets have experienced a dramatic reset in buyer profiles over the past eighteen months of the pandemic. A strong wave of domestic demand has seen Thais flocking to the country’s leisure destinations and snapping up holiday or second homes.
According to new data released by Thai property portal FazWaz, the popular Thai seaside resort area of Hua Hin has seen buying interest grow significantly in year-to-date online inquiries. FazWaz Co-Founder and CEO Brennan Campbell said: “By tracking the data from Q2 2020 to mid-2021 on buying motivation of either a holiday home or for investment purposes, we can see a change in behavior towards lifestyle purchases in Phuket, Koh Samui and Pattaya, with the sharpest uptick being Hua Hin.”
In Phuket, where resort grade real estate over the past decade has been highly leveraged by foreign buyers, Boon Yongsakul, Chairman of Boat Pattana said “our Shambala luxury pool villa project in Bangtao Beach initially targeted legacy overseas buyers in the Laguna Phuket area. But by the middle of last year, we saw a strong influx of Bangkok buyers and this has continued to drive sales momentum to date”.
“One of the most notable characteristics in Thai buyers that has changed is the desire for resort living, quality of life, and outdoor areas. If you look back five years, island real estate was focused on investment-type condominiums, but today it’s single-family homes or second residences,” continued Mr Yongsakul.
Trying to get a fix on what is the new normal for Thailand’s resort property market, Bangkok’s worsening pollution problems play a part in real estate purchase values. Another is the pandemic ‘Zoom-factor’ that has created what we expect to be a longer-lasting trend of working from home. Real estate developers are now facing changing consumer tastes for flex-specs and recreational areas.
The trend for buyers seeking a lifestyle reset is clear in Hua Hin where property developer Tjeert Kwant, CEO of Banyan Residences, says there has been a significant rise in buyers looking to escape the city and enjoy a more healthy, active lifestyle. “This for us has been the key driver with families and couples and looking for spacious second homes outside of Bangkok.”
Adds Brennan Campbell of FazWaz “looking at our Insights data for Hua Hin, 64% of transactions are now from the domestic market. The impact of the pandemic is going to have a lasting impact on what drives Thais to purchase property and there is one thing for certain, the times are changing fast, and moving out of the city at a pace we have not seen before.”
Give us one-hour this Thursday and we will give you a complete rundown on Thailand’s resort real estate sector including special insight into hotel-branded residences, co-living, tech strategies, integrated resort communities, and lifestyle property. Check out the latest data on Phuket, Koh Samui, Hua Hin and Pattaya.
Sign up now for this free online event.
Join C9 Hotelworks and Delivering Asia Communications for a special one-hour online event across markets with insight into key trends.
The virtual event will be held, Thursday 22nd July 2021 at 3:00 pm Bangkok, 4:00 pm Singapore/Hong Kong, 9:00 am London.
Across the world, in Asia and Thailand, the impact of the pandemic has created a dramatic shift in real estate markets, and on demand. One of the most significant trends has been a domestic-led marketplace and the rise in single-family homes and working from home.
Join us for a highly focused session across Thailand’s resort markets as we talk to leading experts about what products are selling, who are the customers, and what opportunities are being created. We will also look at how technology is changing how developers, brokers and buyers are viewing and transacting real estate.
With the emergence of Thailand’s Sandbox opening for international investors and buyers, how could this change the property sector? Given the specific focus on diverse resort real estate, we will take a look at rising demand for second homes and relocations driven by changes in lifestyle as a result of Covid-19.
This hour-long online event will be a rundown of specific trends in major resort markets in Thailand. It will be invaluable for property developers, brokers, and real estate agents, buyers, local and overseas investors, architects and designers, and those in the hospitality business focused on hotel residences.
- How to sell Thai real estate in a stressed, Covid-19 downturn
- Digital disruption opportunities for property developers
- Co-Living as an emerging real estate model
- The urbanizing shift in island destinations and the new CBD’s
- Changes in lifestyle and WFH (work from home) location/properties
- Trends and what’s hot in key resort markets (Phuket, Hua Hin, Pattaya, and Koh Samui)
- Branded hotel residences – are investment models still working?
- Stuart Reading, Head – Group Property Development, Banyan Tree
- Luca Dotti, Founder and Managing Director, HOMA
- Michael Kenner, Founder, DB Ventures (DBV)
- Boon Yongsakul, Chairman, Boat Pattana
- Tjeert Kwant, CEO, Banyan Group (Hua Hin)
- Brennan Campbell, Co-Founder and CEO, FazWaz
- David Johnson, CEO, Delivering Asia Communications
- Bill Barnett, Managing Director, C9 Hotelworks
Probably the best performing tier of accommodation in the pandemic has been serviced apartments and extended stay.
Much has to do with the spacious unit sizes and kitchens for work from home guests. Additionally they have limited, less crowed facilities so there is less of a fear factor versus larger hotels.
In Thailand, during the rise of mass tourism the segment drifted into transient leisure business as that’s were the numbers were.
Now, the shift has moved back to a more traditional model of long-stay.
So what’s next?
Serviced Apartment News will host 4 free webinars on the subject in May and all focused content on this segment.
For more details click on the following link:
Bangkok’s hotel branded real estate has traditionally been focused on luxury offerings with brands such as St. Regis, Four Seasons, Ritz-Carlton, and more.
While Thailand’s resort markets have and are seeing the most traction as the mid and upper-midscale branded residences, that trend is now going urban.
In Bangkok Siamese Assets and Kew Green have already rolled out properties under Wyndham, have now signed deals with IHG for a Crown Plaza and Cassia by Banyan Tree as mixed-use developments.
Interestingly Banyan Tree is rapidly expanding their real estate-focused Cassia brand in other locations across Thailand and Asia. They reportedly will roll out the Skypark brand which originated in Phuket in other locations under licensing deals.