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PropertyGuru Vietnam Property Awards: Looking back on 5 years

Released at: 13:41, 30/08/2019 BUSINESS SPOTLIGHT

PropertyGuru Vietnam Property Awards: Looking back on 5 years

Photo: PropertyGuru

Mr. Jules Kay, Business Director at PropertyGuru Asia, tells VET about its annual property awards in Vietnam over the last five years.

by Khanh Chi

This year marks the fifth anniversary of the PropertyGuru Vietnam Property Awards (VPA). How would you view its five-year journey? What achievements and milestones have been recorded?

The 5th PropertyGuru Vietnam Property Awards remain the most prestigious and respected awards program in Vietnam’s real estate sector. Our independent panel of judges has Mr. Jules Kay (Photo: PropertyGuru)successfully expanded the categories and special awards every year with the goal of honoring real estate development in the country.

Through its five-year history we have been very impressed with the strong growth in Vietnam’s real estate market. The latest projects in development are taking big, bold, and brilliant steps forward with world-class design and concepts, while amenities are getting better and more sophisticated to cater to thriving communities.

A total of 175 awards have been awarded to Vietnam’s finest developers at our local gala dinner over the last five years. Many of these winners have received further recognition regionally after participating and winning at the PropertyGuru Asia Property Awards Grand Final competition.

What values have the PropertyGuru Awards brought to the winners? What are the highlights of this year’s awards?

The PropertyGuru Vietnam Property Awards serve as a trusted resource not only for residents in Vietnam but also for investors from other Asian countries, educating property seekers with choices of quality real estate. With the stamp of approval from expert judges and the endorsement of quality from the PropertyGuru Vietnam Property Awards, the winners and highly-commended projects and companies are introduced to a large number of people. To maintain its position as the most prestigious awards in the region, the PropertyGuru Vietnam Property Awards boasts of being transparent and unbiased, which are the fundamentals of our awards system.

This year’s gala dinner in Ho Chi Minh City presented 52 awards that encompass a wide range of properties and companies around the country, including Best Integrated Resort Development, Best Masterplan Design, Special Recognition for Public Facilities, Special Recognition in CSR (corporate social responsibility), Special Recognition in Building Communities, and six new niche developer awards.

How do you see the changes in real estate developers’ performance in the country over the past five years? How innovative and competent have they had to be to win an award?

Vietnam’s property market is thriving and over the last five years of holding the local edition of our Asia Property Awards in the country we’ve seen developers grow and focus more on community-building and CSR initiatives. In terms of quality of the built environment, Vietnamese developers’ track record at our regional Asia Property Awards Grand Final ceremony has been nothing but exemplary, winning several accolades every year.

Our independent panel of judges follows a strict evaluation process and general criteria, which are standard in all countries and territories where the PropertyGuru Asia Property Awards are held. The judges also conduct supervised site inspections before making the final decision. This rigorous process lasts for about six or eight months before the shortlist is determined.

What has the PropertyGuru Awards contributed to the development of Vietnam’s real estate market as well as the region?

The PropertyGuru Asia Property Awards provide a widely respected and trusted regional platform to showcase the achievements and innovation of developers from Asia’s most dynamic property markets, such as Vietnam, showcasing the finest projects and companies of the past year to a wider regional audience. Because of the trust that we’ve earned from property seekers and investors in the last 14 years, the Asia Property Awards, in their own way, have been instrumental in promoting a stronger real estate sector all over Asia by recognizing the best industry practices and remaining transparent.

There are currently many real estate awards in Vietnam. What differentiates VPA and others in attracting candidates? What are you planning for the PropertyGuru Vietnam Property Awards in the coming years?

The PropertyGuru Vietnam Property Awards are part of the regional PropertyGuru Asia Property Awards program, which is the gold standard in real estate and established in 2005. We’ve set the benchmark for quality in Asia’s real estate market and maintained the credibility of our entry and judging processes, and we will continue to do so for many years to come.

Vietnam is one of our fastest-growing markets in terms of awards categories, gala dinner attendance, and support from sponsors and event partners. That is testament to the trust and confidence we’ve earned since the beginning.

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