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ULI Releases 2024 Asia Pacific Home Attainability Index Across 48 Cities

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The 2024 Asia Pacific Home Attainability Index by the Urban Land Institute (ULI) offers a comprehensive overview of housing attainability across the Asia Pacific region. In this third edition, the report includes data from three additional cities – Bangkok, Kuala Lumpur, and Perth, expanding its coverage to 48 cities in 11 countries,  namely, Australia, China (including Hong Kong SAR), India, Indonesia, Japan, Malaysia, Singapore, South Korea, the  Philippines, Thailand, and Vietnam.

 

Alan Beebe, CEO, ULI Asia Pacific, said: “In addition to measuring home attainability for both home ownership and rentals in relation to median household income across 48 cities, the report has also identified key trends and factors affecting home attainability in Asia Pacific region, which represents 60 percent of the world with a population of 4.3 billion people. By identifying key factors impacting housing supply and demand, we can work towards advancing best practices  in residential development and to support ULI members and local communities in creating more equitable housing  opportunities for all, aligned with our goal at the ULI Asia Pacific Centre for Housing.”

 

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Figure 1: Median/average home price to median annual household income

 

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Figure 2: Median/average monthly rent to median monthly household income

 

2024 ULI Asia Pacific Home Attainability Index Key Trends:

 

1) In cities experiencing significant immigration inflows, home prices and rent have risen materially.

 

Popular gateway cities for overseas immigration and studies, such as Singapore, Sydney, and Tokyo, have recorded steep hikes in home prices due to a large influx of immigrants, while key Australian cities including Sydney and Melbourne saw increases in rental rates due to falling vacancy rates of 0.9 percent and 2.2 percent, respectively.

 

Tokyo’s urban core area consisting of 23 wards has seen its new condominium prices rise by nearly 40 percent, caused by an increase in foreign buyers, primarily from mainland China and the relatively inexpensive prices for a global gateway city. For comparison, even after the price increase, the median price of a new condominium in Tokyo is US$800,000, considerably lower than the median price of over US$1 million for new units in similar urban cores of Tier 1 cities in China such as Shenzhen, Shanghai, and Beijing.

 

As a result, Tokyo has emerged as an attractive choice for mainland Chinese looking to buy a property outside of China. To curb private home prices, Singapore introduced a 60 percent stamp duty on foreign buyers of private homes,  contributing to a 20 percent drop in total home sales.

 

2) High home prices and rent levels have negatively impacted home attainability for young people in their 20s and 30s. To alleviate the housing shortage and improve home attainability, some national governments are promoting for-rent developments.

 

At the current price levels, young people in their twenties and thirties living in leading economic centres, especially first-generation young migrants, have little hope of being able to afford a home. This is unless they come from generational wealth or belong to a small minority of otherwise wealthy individuals.

 

As an example, Bangkok’s median condo price of around US$224,000 is 21 times the median annual household income, while the median monthly rent of US$1,150 represents 129 percent of the median monthly income. In Bengaluru, the return of IT professionals into India’s IT hub following the end of COVID-19 drove the ratio of median home price to median annual household income to 16.4 from 11.1 in the previous year.

 

To alleviate the housing shortage and improve home attainability, countries and investors are pivoting towards promoting for-rent projects to increase the supply of affordable homes. Australia’s new Labour Party government adopted a housing policy that includes an AU$10 billion (approx. US$6.5 billion) Housing Australia Fund to fund  30,000 new social and affordable rental homes in five years, as well as tax incentives for the development of build-to-rent homes in the private market.

 

In Singapore, where housing policy is centred on home ownership, the government has recently sold a plot of land with a requirement for large-scale, long-term rental units. This unusual move was made after the Urban  Redevelopment Authority (URA) determined that there is sufficient demand for long-term rental housing, especially among young professionals, students, and families in transition, following consultations with the industry.

 

3) Home buyers and renters are forced to take on financial risks, such as loss of deposits or not receiving their completed homes on time, as home builders and landlords get into financial distress which impacts project completions.

 

In mainland China, sluggish sales and escalating costs in the past two years have caused many leading home developers to incur unprecedented losses and default on loans. Given that pre-sale of homes before construction is customary in mainland China, buyers of such homes still under construction are placed in a precarious position where they run the risk of not receiving their completed homes on time.

 

In Australia, in the past two years, over 2,000 home builders went out of business largely due to rising interest rates,  building materials and labour costs. Homeowners face substantial financial risks such as not being able to recover deposits or not having the home constructed as agreed.

 

In Vietnam, many developments have come to a standstill as developers failed to meet interest payments, a situation further exacerbated by the credit crunch spurred by declining bond issuance and a general market turmoil that impacted developers’ liquidity. While the Vietnamese government has implemented countermeasures such as reducing mortgage rates, a new Land Law that emphasises market-driven land valuation could significantly increase the costs of acquiring projects.

 

Beebe added: “The housing market has been significantly affected by heightened interest rates and rising costs. Homeownership represents the most valuable asset for most households, and the housing sector is a key part of the overall economy. Moving forward, we expect to see governments in the region introduce more countermeasures to rein in rising home  prices.”

 

Other key findings and metrics from the report include:

 

  • In terms of home ownership, public housing in Singapore continues to be the most attainable, while homes in Shenzhen are the least attainable. The median price of Housing Development Board (HDB) units,  representing 90 percent of the total housing stock in the city-state, is less than 5 times that of the median annual household income, while Shenzhen has the highest ratio of median home prices relative to median annual household income at 32 times, followed by Beijing at 28, and Metro Manila, Ho Chi Minh City, and Hong Kong  SAR at around 25.

 

  • As for home rental, cities in Japan and South Korea, excluding capitals Tokyo and Seoul, are the most affordable with the lowest ratio of monthly rent to income. Rent in South Korean cities (outside of Seoul)  ranges from 18 percent to 25 percent of monthly income, while rent in Japanese cities (outside of Tokyo) ranges from 14 percent to 16 percent of the median monthly household income. Conversely, rent in cities in the Philippines are least affordable, with median monthly rent to median monthly household income near or above 100 percent.

 

  • Among the region’s gateway cities, Hong Kong SAR has the lowest home attainability with a median home price of over $1.1 million, which is 25 times the median household income, in contrast to Tokyo and Seoul with home price-to-income ratios of around 15.

 

  • It is estimated that Jakarta, Indonesia needs 800,000 additional homes to accommodate new migrants moving to the capital of the world’s fourth most populous country. Of the 2.8 million existing homes, 63 percent are deemed substandard with many without access to the public water system.

 

  • Leading cities in developing countries such as India, the Philippines, and Vietnam have been heavily investing in mass transportation infrastructure like new metro lines, which is expected to increase mobility and connectivity between suburbs to city centres. This will expand the area for daily commutes and create opportunities for high-density development projects around stations to increase housing stock.

 

In this report, home attainability is measured by (i) median home price to median annual household income, ideally less than five times, and (ii) median monthly rent to median monthly household income, ideally less than 30 percent.

 

A complete list of the 10 key trends and insights are identified by the 2024 Asia Pacific Home Attainability Index. Analyses of home attainability by country are also available in the full report, which can be found on ULI’s  Knowledge Finder platform.

 

 

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DATEM Bags Two Wins at the Real Estate Asia Built Environment Awards

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Philippine construction company DATEM took home two major accolades at the inaugural Real Estate Asia Built Environment Awards 2024 for its Green Materials Directory (GMD), which caters for the company’s design, planning, and acquisition of suitable materials for its green building projects. It also received the first LEED version 4 Building Design and Construction: Core and Shell Development for its Makati Commerce Tower project.

 

The GMD has been created to address challenges in identifying materials or products that may help obtain credits, which the rise of demand for green building and sustainability efforts has brought. It has become more needed as the Philippine green building community struggled to meet international demands for green buildings due to the local products not being up to par.

 

In the directory’s first edition, product descriptions are written, including its green features and the credits it contributes for green building certifications. GMD is to be updated annually to count more sustainable materials and provide relevant information and awareness to its readers about the importance of sustainable construction.

 

It is also going to provide ample information to employees who are not working onsite about the crucial role of responsibly produced and manufactured materials. DATEM highlights the importance of its GMD in encouraging like-minded suppliers and contractors to apply sustainable practices in their manufacturing processes and operations continuously.

 

“By utilising environmentally friendly construction materials, applying responsible harvesting and manufacturing of raw materials, and complying with methodologies and procedures set by green building councils locally and internationally, DATEM solidifies its commitment to energy efficiency and stewardship for the environment,” the company said.

 

With its commitment to further green building advocacy, DATEM received the win in the Innovation in Sustainable Materials of the Year – Philippines category. Amongst the green buildings it has constructed is the Makati Commerce Tower, which has also garnered the Office Construction of the Year – Philippines category win. The 37-storey landmark along the city underpins sustainability with its innovation, futureproofing, and wellness features. Flexibility and space are also guaranteed with typical floor plates of between 2,178 and 2,252 sq. m. on high-zone floors and 2,178 sq. m. in the mid-zone.

 

It includes touchless technology solutions to reduce common touchpoints, energy-saving features, parking with charging points for e-vehicles, a unitised glass curtain wall façade insulated with Low-E coating for improved thermal and acoustic properties, and low-flow plumbing fixtures. The construction of the Makati Commerce Tower has utilised 55,548 cubic metres of concrete, solidifying the structure’s safety and resilient foundations. The concrete used in the project has been carefully and efficiently identified and applied to ensure the sturdiness of the structure, the safety of the building occupants, and its environmental sustainability.

 

This careful selection of concrete installed in the project also helped achieve LEED credits, particularly on sourcing raw materials due to its local harvesting and manufacture, as well as having pre-consumer recycled content in the form of fly ash. Based on the final construction review by the Green Building Certification Institute (GBCI), the project was awarded points for the said credit for having complied with 49.4% of permanently installed materials based on cost. The pandemic also solidified the need for a building like Makati Commerce Tower, a structure for future-proofing office space structures, ensuring sustainability and durability, and prioritising the health and wellness of the occupants.

 

“The project team and developer’s collaboration responded to the importance of having a building that delivers not only commercially but also the whole being of the occupants and the surroundings,” the company said.

 

The Real Estate Asia Built Environment Awards is a groundbreaking celebration of outstanding achievements in construction, architecture, and interior design across Asia, as well as recognition of innovation and sustainability in the industry.

 

 

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Delfi Orchard Sold For $439 Million

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Savills Singapore recently announced that Delfi Orchard at 402 Orchard Road has been sold for $439 million via public tender, which closed on 27 May. City Developments Limited (CDL) through its wholly owned subsidiary CDL Draco Pte. Ltd. has been awarded the collective sale tender for Delfi Orchard, a prime 11-storey freehold strata titled commercial building at the price of $439 million.

 

Enjoying a prominent frontage of approximately 80 metres along Orchard Road, Delfi Orchard is situated on a freehold site of approximately 20,264 sq ft and is zoned “Commercial” with a height control of up to 20 stories. Delfi Orchard has a development baseline verified by the Singapore Land Authority (SLA) at 131,186 sq ft which is equivalent to a plot ratio of 6.474. This compares with the Master Plan plot ratio of 4.9.

 

The development commands attention with its prominent frontage and visibility throughout the day. Delfi Orchard is also within a stone’s throw to Singapore’s most prestigious residential neighbourhood, Ardmore Park/Nassim Park, well served by the public transport network and seamlessly connected to amenities including the famed Orchard Road shopping belt, renowned medical establishments, exclusive private clubs, hotels and the Singapore Botanic Gardens, an 82 hectare of tropical paradise. The site allows developers the flexibility of multiple development options ranging from office, luxury retail, and residential to hotel. The sale price of $439 million works out to approximately $ 3,346 psf per plot ratio (ppr) based on the existing GFA of approximately 131,186 sq ft.

 

Jeremy Lake, Managing Director, Investment Sales & Capital Markets, says, “The sale of Delfi Orchard is the third major collective sale in the Orchard Road corridor brokered by Savills, following the earlier successful collective sales of Tanglin Shopping Centre ($868M / $2,769 ppr) and Ming Arcade ($172M / $3,125 ppr). Developers continue to be drawn to prime development opportunities here and are very excited by the URA’s plans to rejuvenate and refresh Orchard Road.”

 

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Gensler Wins Real Estate Asia Built Environment Awards for ESG Initiatives

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Gensler’s Asia Pacific and Middle East (APME) region triumphed in the inaugural Real Estate Asia Built Environment Awards 2024, winning for its meticulously detailed ESG report, which highlights the firm’s commitment to sustainability and diversity.

 

Founded in 1965, Gensler is a global design and architecture firm that boasts a team of 6,000 professionals who collaborate with clients across more than 100 countries annually. Winning the ESG Initiative of the Year – Singapore award establishes a new industry standard for others to follow, showcasing Gensler’s leadership in integrating environmental, social, and governance principles into its business practices.

 

The annual report aims to quantify and communicate the specific actions and initiatives undertaken by Gensler, offering a holistic portrayal of the firm’s dedication and accomplishments spanning critical domains, including climate action, diversity, equity, inclusion, and community engagement. Amongst the activities included in Gensler’s previous reports is the meticulous measurement of its projects’ carbon footprint since 2009, demonstrating a long-standing dedication to environmental sustainability. It also reveals how Gensler has been publishing carbon mitigation progress publicly since 2015, spotlighting cutting-edge strategies for crafting sustainable, carbon-neutral structures.

 

In addition to its sustainable and green efforts, the report also highlighted Gensler’s social initiatives, particularly its Community Impact model. This model organises philanthropic and volunteer efforts through a focused strategy aimed at addressing major urban challenges. The firm empowers team members to leverage their professional expertise, fostering tangible, positive change in communities through pro bono and low bono initiatives. For instance, Gensler collaborated with the Singapore Association for Mental Health (SAMH) to design their latest integrated centre, Space2Connect, as a pro bono project. Designers volunteered their time, skills, and passion for this project alongside their regular workload, demonstrating their commitment to being part of the solution and driving positive change. This proactive approach underscores Gensler’s steadfast commitment to nurturing a culture of community impact, serving as a model for others to emulate in striving for a more sustainable and equitable future.

 

These achievements have been made possible through Gensler’s guiding principles, which serve as the bedrock of the company’s organisational culture and provide the framework for its business model, strategies, and practices.

 

“Everything we do is guided by our mission to create a better world through the power of design. Our governance model reflects our shared values, culture, and strategic priorities. The firm’s leadership is committed to principles that prioritise diversity, entrepreneurial spirit, empowerment, growth opportunities, and mutual respect,” said David Calkins, Regional Managing Principal of Gensler APME.

 

The Real Estate Asia Built Environment Awards is a groundbreaking celebration of outstanding achievements in construction, architecture, and interior design across Asia, as well as recognition of innovation and sustainability in the industry.

 

 

RSP Wins Big at Architizer A+Awards with Gaia and Changi Terminal 2

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RSP, a global multidisciplinary architectural and engineering design group headquartered in Singapore, has been recognised at the 12th Annual Architizer A+Awards with two big wins for Gaia and Changi Terminal 2 projects, beating world-class project submissions from over 80 countries.

 

Gaia, Asia’s largest timber building located at Nanyang Technological University (NTU)  and designed in partnership with Toyo Ito & Associates, Architects, received one of the top accolades of the Sustainability Awards as the Jury Winner in the Sustainable Institutional Building category. The Sustainability Awards recognises architecture and design firms who are actively working towards a more sustainable built environment, taking into consideration each project’s local characteristics, while rewarding projects that push the envelope and form a positive precedent for greener building practices in its specific region and the wider world.

 

“It is an honour for the whole team who had worked tirelessly with NTU on Gaia to win the hearts of the prestigious jury comprised of thought leaders from every continent. Gaia is a testament to our commitment to designing remarkable and radical spaces that are intelligent, energy-saving, environmentally friendly, efficient,  and more thoughtful for users. I truly hope Gaia could inspire a future where architecture is a bridge between humanity and the natural world,” quips project leader Loh Kee Soon, Senior Associate at RSP.

 

Changi Terminal 2, designed in collaboration with Paris-based BOIFFILS  Architectures, clinches the Popular Choice Winner award in the Transport Interiors category with its relaxing and organic space inspired by Singapore’s garden city.

 

“Receiving the Popular Choice Winner for Changi Terminal 2 is about so much more than winning a prize. In closer perspective, it is about successfully creating an impact on the millions of overseas users and designers who voted for this project,” shared Law Yoke Foong, Head of Business and Executive Director at RSP, who led the project.

 

“I have always loved working on airports as an architect, having completed Changi  Terminal 1 Expansion, pockets of works in Terminals 3 and 4, and now Terminal 2. It is my mission to use design as a means to cushion passenger fatigue and  disorientation by welcoming them into our garden city with relaxing and calming spaces.”

 

Architizer A+Awards spotlights the work of architects and designers who are not content with the status quo. This year’s theme celebrates creative courage, highlighting the extraordinary ability of architects to respond to clients’ changing needs, our growing climate crisis, and the rapid evolution of technology. The award programme received unprecedented submissions, which were reviewed by an illustrious international jury panel and the global public.

 

 

JJ-LAPP Celebrates Two Decades of Success in South East Asia

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This year marks a milestone for JJ-LAPP, the cable technology joint venture of diversified industrial conglomerate Jebsen and Jessen Group, and LAPP Holding Asia, as they celebrate two decades of growth through regional expansion and strategic partnerships.

 

Founded in 2004, the joint venture was built on trust and respect, and fostered by shared values. Combining Jebsen & Jessen’s local know-how and extensive reach across the region with LAPP Holding Asia’s cutting-edge German-based engineering and manufacturing capabilities, JJ-LAPP embodies their shared commitment to delivering high-quality and tailored cable technology solutions to customers in the region. Today, JJ-LAPP has established itself as a leading cable and connectivity solutions provider in South East Asia. With its initial footprint in Singapore, Malaysia, Thailand and Indonesia, JJ-LAPP steadily expanded to other key markets, including the Philippines and Vietnam.

 

Celebrating Key Milestones and Partnerships

Strategic partnerships and key milestones have fueled JJ-LAPP’s growth over the past two decades. In 2010, JJ-LAPP established a manufacturing facility in Indonesia, expanding its manufacturing capabilities in the region. JJ-LAPP has forged strategic partnerships throughout the region to grow its Renewable Energy segment and become a one-stop solutions provider for solar projects. This includes partnerships with Huawei for its complete range of Solar PV Inverters, Trina Solar, a leading global PV and smart energy total solution provider, and Clenergy, a global solar mounting gear provider. These strategic partnerships have facilitated access to solar PV projects by building on JJ-LAPP’s range of top-quality solar connectors and solar cables from LAPP and other world-renowned brands.

 

Establishing itself as a trusted partner and provider of customised cable and connectivity products and solutions across the region, backed by its extensive reach, JJ-LAPP has supported major projects across a diverse range of industries, including building automation, industrial automation, renewable energy, harnessing solutions, mining and machine building. With a commitment towards regional innovation, JJ-LAPP’s projects include:

 

  • Riau Andalan Pulp and Paper (RAPP), the operating arm in Indonesia of Asia Pacific Resources International Limited (APRIL) Group, a leading producer of fibre, pulp, and paper: Supplied over 900 kilometres of customised instrumentation cables to support RAPP’s plan to achieve a fibre line with a capacity of one million tons per annum amidst their expansion plans in Indonesia.
  • Greatech, a leading automation solution provider: Provided support as the preferred supplier for cable, control panel design and industrial connectivity solutions for multiple projects in Malaysia.
  • Singapore Grand Prix: Provided over 2 kilometres of Neoprene core cables for light fixtures along the race course of the Formula 1 night race.
  • Seven high-end condominiums in Bangkok, Thailand: Delivered 200 kilometres of fire-resistant cables.
  • SM Malls, one of the largest malls in the Philippines: Delivered 300 kilometres of Lapp Ölflex Solar cables.

Expanding Horizons: New Focus Industries and Growth Strategy

Looking ahead, JJ-LAPP is committed to further diversifying its offerings and expanding into focus industries, including F&B, Machine Maker (OEM), Intralogistics (Material Handling, Conveyor Systems, Ports), Robotics, and Switchgear / Panel Maker. With a clearly defined growth strategy, the company will leverage its expertise and resources to capitalise on emerging market opportunities.

 

“I’m immensely grateful for the past leaders who laid a strong foundation for our enduring partnership with LAPP Holding Asia and our people and partners who have consistently contributed to its success over the past two decades. I’m excited to build on this foundation as we embark on the next chapter of our success story,” says Marc von Grabowski, Chief Executive Officer of JJ-LAPP. “By leveraging our industry expertise and expanding our portfolio of best-in-class products and solutions, we’re poised to not only drive continued growth across the region but also enter new and exciting focus industries.”

 

“For over two decades, Jebsen & Jessen and LAPP Holding Asia have fostered a close and enduring partnership in the region. JJ-LAPP, in its 20th anniversary, is a testament to this remarkable collaboration – a joint venture that unites the complementary strengths of our two like-minded family businesses, built on shared values and a relentless pursuit of excellence. Together, we have enjoyed a successful journey in building JJ-LAPP, and we look forward to driving its continued strategic expansion and growth in the region,” said Richard Lee, CEO of Asia Pacific Region at LAPP Holdings Asia.

 

 

Aurecon Acquires CHT International to Expand Engineering Capabilities

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International design, engineering and advisory company Aurecon has acquired CHT International Sdn Bhd (CHT), a prominent mechanical and electrical (M&E) engineering consulting firm based in Kuala Lumpur, Malaysia. This acquisition, effective from 1 June 2024, marks a significant milestone in Aurecon’s strategic expansion across Malaysia and the wider Asian region.

 

The addition of CHT’s experienced and respected team of 85 professionals takes Aurecon’s workforce to almost 280 in Malaysia, making it one of the largest engineering consultancy firms in the country.

 

“We are thrilled to welcome CHT into the Aurecon Group. The deep technical expertise and strong client relationships of the CHT team supports our strategic growth plans and enhances our ability to deliver comprehensive engineering solutions across the region. Growth in Asia is a key focus for Aurecon, and expansion in Malaysia is a key pillar of our strategy to deepen our presence and enhance our ability to support local and multi-national clients,” said William Cox, Chief Executive Officer of Aurecon.

 

“This acquisition marks our sixth strategic investment in Asia since 2021 across Malaysia, Hong Kong and Singapore. Global clients increasingly seek service providers with multi-country and multi-disciplinary expertise, and the inclusion of CHT strengthens cross-border collaboration and unlocks new opportunities. With our growing presence and talent pool, we are looking forward to helping drive growth and partnering with clients to bring ideas to life in Malaysia and the wider Asian region,” said Stephane Asselin, Aurecon’s Chief Executive of Asia.

 

Malaysia presents a compelling destination for Aurecon’s continued investment, particularly in the mechanical and electrical (M&E) engineering space, driven by its robust market potential. The country’s significant data centre build program is driving demand for M&E services, driven by the increasing size and complexity of data centres and the imperative for energy efficiency. This acquisition also enhances Aurecon’s capability to meet the growth in the industrial and manufacturing sectors in Malaysia and the region. Across Asia, Aurecon has already completed more than 60 data centre projects, evidence of its leading position in this high-growth segment.

 

“Joining forces with Aurecon is a tremendous opportunity for CHT and our clients. It will facilitate knowledge transfer and innovation, combining Aurecon’s global experience with our local expertise. Together, we will drive advancements in engineering solutions and service delivery,” said Ir. Tey Chai Heng, Managing Director of CHT.

 

 

Crestbrick Appoints New Key Executive Officer To Expand Presence In SEA Markets

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Crestbrick, a boutique real estate agency that focuses on redefining both Singapore and global real estate experience, has officially appointed Shaw Yong as its new Key Executive Officer (KEO) to focus on expanding its business goals in Singapore and the Southeast Asian markets.

 

With over 25 years of experience in the real estate sector and having previously served as the KEO and CCO of Century 21, Shaw heavily aligns with Crestbrick’s vision and will be working with the team on their growth plan to provide exceptional support to their clients for both their local and international portfolio.

 

“I am thrilled to join Crestbrick and am eager to contribute my experience and insights to propel the company to new heights. It will be my pleasure to help expand not only in the international portfolio but also showing presence in the local market,” said Shaw Yong, the newly appointed KEO of Crestbrick.

 

As the new Key Executive Officer at Crestbrick, Shaw is pivotal in steering the company’s strategic and operational direction. His responsibilities encompass three main areas; company due diligence, training and compliance of sales agents, and business development.

 

Shaw will ensure comprehensive due diligence by implementing and monitoring internal controls, legal and regulatory compliance, and risk management strategies to safeguard company interests. He will also be responsible for developing and overseeing training programs for sales agents, ensuring they meet industry regulations and company policies, and continuously improving their performance through regular evaluations and support.

 

Additionally, Shaw will be driving Crestbrick’s business development efforts by identifying new opportunities for growth, building strong client and partner relationships, and developing strategic plans to enhance the company’s market presence and competitive advantage.

 

Other than reporting directly to the CEO of Crestbrick, Ivan Cai. Shaw will also be collaborating with other senior executives in various departments or teams, working closely to ensure cohesive and effective management across all company operations & activities. His extensive experience in real estate management and his leadership, communication, and organisational skills position him as a critical driver of Crestbrick’s success, ensuring the company operates with integrity, efficiency, and strategic foresight.

 

“We are extremely delighted with Shaw coming on board, as he will be assisting the management and Crestbrick in breaking through all the existing barriers to success. The key focus right now is to elevate the company’s brand awareness, improve agent professionalism, leverage digital tools, and foster strategic partnerships. Shaw is the right man for this,” said Ivan Cai, the CEO of Crestbrick.

 

As part of Shaw’s strategy, he will lead a comprehensive brand revamp, enhance agent professionalism through training and mentorship, and drive growth by exploring niche markets and grooming leaders. He will also embrace the age of digitalisation by improving the company website, app, and social media presence, and implementing strategic planning through advanced analytics and organisational agility. Shaw will also be forging strategic partnerships, including collaborations with OrangeTee & Tie and more, to enhance service offerings and efficiency.

 

By following these detailed strategies, Crestbrick aims to solidify its position as a leading real estate company, known for innovation, professionalism, and exceptional service.

 

 

ARCHIDEX 2024: Pioneering the Future of Architecture and Construction in Malaysia

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ARCHIDEX, Asia’s leading architecture business event,  will reconvene at the Kuala Lumpur Convention Centre from July 3-6. Organised in conjunction with the Kuala Lumpur Architecture Festival (“KLAF”), ARCHIDEX will bring together top industry professionals and leading brands to shape a sustainable future in architecture, as the industry aligns with the Malaysian government’s forward-thinking aspirations in the construction and built environment sector. 

With less than a month to go, ARCHIDEX is set to be the largest and most influential edition yet,  expecting to welcome close to 700 exhibitors and an anticipated 40,000 visitors from 100 countries.  As an integral part of the annual KLAF, jointly organised with Pertubuhan Akitek Malaysia (“PAM” or  “Malaysian Institute of Architects”), ARCHIDEX will play a critical role as a hub for trade and sourcing new technology in the region, advancing technology and automation adoption in the global Industrial  Revolution 4.0. 

Driving Innovation and Excellence 

ARCHIDEX arrives at a critical juncture as the Malaysian government activates its plan to modernise the industry and nudge the eco-system to leverage next-gen technology towards creating sustainable infrastructure and the built environment. It will bring together top industry professionals to explore the dynamic intersection of design technology and environmental stewardship. The focus will be on pioneering methods to create eco-friendly structures that not only minimise environmental impact but also foster vibrant connections within communities. This year, ARCHIDEX will power the transformative potential of trailblazing technologies that can drive industry growth and create infrastructure and built environment that is environmentally sustainable and community-driven. 

A Concurrent Event: ASEAN-China Ministerial Roundtable on Construction and Housing  (“ACMROCH”) 2024  

ARCHIDEX convenes alongside the prestigious ASEAN-China Ministerial Roundtable on Construction and Housing (“ACMROCH”) 2024 event hosted by the Ministry of Housing and Local Government  (“KPKT”) of Malaysia. Coinciding with the commemoration of 50 years of diplomatic relations between  Malaysia and China, the roundtable provides a valuable forum for ministers from ASEAN countries and  China to discuss key issues and explore opportunities to leverage the Belt and Road Initiative (“BRI”)  for promoting regional progress in housing and construction.

 

A Vision Aligned with National and Regional Growth 

ARCHIDEX also captures the confident optimism the nation possesses, driving creative solutions and regional cooperation as the government embarks on an initiative to modernise the infrastructure and built environment. These initiatives emphasise innovative and nature-inspired materials, digital technologies, construction processes and design strategies that prioritise net-zero energy buildings and carbon-neutral developments.  

International Pavilions at ARCHIDEX: Bridging Global Expertise 

ARCHIDEX will feature a prominent international presence with the inclusion of six dedicated pavilions from Austria, China, Germany, Singapore, South Korea, and Taiwan. This initiative fosters collaboration through potential Memorandum of Understanding (“MoU”) signings, signifying opportunities for bilateral trade and business transactions. By hosting these international pavilions,  ARCHIDEX positions Malaysia as a central hub for sourcing advanced and specialised technologies within the architecture and construction sphere. This eliminates the need for regional professionals to travel overseas, creating a convenient platform for sourcing the expertise of leading international brands, centred at the exhibition.  

 

Source and Innovate: Discover New Technology and Explore AI Capabilities in Architecture and  Construction 

ARCHIDEX resumes its role as a premier hub for sourcing the latest products, materials, and solutions,  while also providing comprehensive coverage on the future of Artificial Intelligence (“AI”) and Building  Information Modelling (“BIM”) solutions. This year’s exhibition emphasises the role of AI in transforming the architecture and construction industries. From intelligent design software and automated construction techniques to smart building materials and systems, ARCHIDEX address the challenges of climate change and natural hazards featuring BIM and AI solutions and capabilities to mitigate disaster and showcase strategies for building safer and more resilient communities.  

A Hub for Learning 

As an integral event of KLAF, ARCHIDEX, along with the concurrent DATUM Conference – one of the region’s largest architecture conferences, will serve as a knowledge-sharing hub and a vital trade platform for the industry. It offers unparalleled opportunities for professionals to engage with thought leaders to discuss issues challenging the built environment and network with peers from around the world. This convergence of events together with Biz Talk, Focus Forum and The Forum @ PAM Pavilion offers a platform that ensures ARCHIDEX remains at the forefront of architectural innovation and discourse. 

Installations and Experiences that Inspire 

A highlight of ARCHIDEX is its design installations, renowned for their engaging spatial experiences that attract architects, designers, and visitors. These installations showcase exceptional craftsmanship,  demonstrating how architects and designers push creative boundaries, challenge conventions, and collaborate with exhibitors to highlight their materials and solutions. This year, in a nod to Malaysia’s culture and heritage, ARCHIDEX will host an installation featuring bamboo, a versatile and sustainable material, inviting visitors to explore Malaysia’s ecosystems and reconnect with nature. It will also house the ARCHIDEX Star Award Gallery. 

Cultivating the Next Generation of Architectural Talent  

ARCHIDEX 2024 recognises the vital role that young architects and designers play in shaping the built  environment. The event features programmes such as the ARCAsia Committee for Young Architects  (ACYA) to nurture young architects, and the Asian Young Architects Programme, which provides a  unique opportunity for ten promising young architects from ten different Asian countries to exhibit  their work. Additionally, the event will host a full-day forum and networking “Teh Tarik” session, for  practising architects. Student architects will also be highlighted through ARCHITALENT, with ten  finalists chosen from over forty submissions from eight countries this year. 

We invite all stakeholders in the architecture, engineering, and construction industries to join us at  ARCHIDEX 2024. Be part of this transformative event and contribute to shaping the future of the built  environment in Malaysia and beyond. 

For more information and to register, please visit www.archidex.com.my. 

Criteria for Calculating Product Carbon Footprint of Formwork and Scaffolding Established for the First Time

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Doka, one of the world’s leading suppliers of formwork and scaffolding, is once again demonstrating that it is a pioneer in sustainability by playing a key role in the development of minimum standards for calculating Product Carbon Footprints (PCFs) – a milestone for the formwork and scaffolding industry and a further step down the road to decarbonising the construction sector.

 

The product carbon footprint (PCF) measures the total greenhouse gas emissions (GHG) generated by aproduct across all its relevant material life cycle phases. It is an important tool for assessing the overall climate impact of a product and identifying levers to reduce emissions in the value chain.

 

Leading by Example

“Competitiveness, sustainability and transparency are becoming increasingly intertwined, and valid data is key to sustainable decision-makings. Two years ago, we set new standards in the formwork and scaffolding industry by fully calculating the product carbon footprint of more than 7,000 Doka products. We are proud that we have now also been able to make a significant contribution to establishing minimum standards in the industry for the first time,” says Robert Hauser, CEO of Doka.

The Background

The Güteschutzverband Betonschalungen Europa e.V. (GSV), an European association of manufacturers, suppliers and users of formwork and scaffolding systems, set up a working group with the aim of developing a standard for the transparent quantification of a GSV Product Carbon Footprint (GSV-PCF-Standard) for the formwork and scaffolding sector. The agreement on minimum standards, which has now been published after less than a year, is the result of intensive cooperation. With this step, Doka and its market partners are not only setting a new standard in the industry, but are also helping to establish the transparency on GHG emissions as a standard in the value chain.

 

“We are delighted to have been able to contribute our many years of experience and our calculation methodology to the GSV joint working group. This industry-wide agreement between leading manufacturers brings us a big step closer to being able to better compare product carbon footprints, and thus to create a level playing field within the formwork and scaffolding industry,” adds Julia Weber, Head of Sustainability at Doka.

 

All PCF data for Doka formwork already complies with the GSV-PCF standard.

 

Focus on Customer Benefits

For more than two years, Doka has already been providing its customers with transparent data on the GHG emissions of its products. “When it comes to sustainability, facts count, not gut feelings,” emphasises Weber.

 

This is precisely the focus of Doka’s PCF initiative, which aims to support customers in their sustainability efforts – from more sustainable purchasing decisions and public tenders with CO2 budgets to calculating their own corporate carbon footprint (Scope 3 emissions). At the same time, the PCF is an important pillar of Doka’s sustainability strategy.

 

“We are consistently pursuing our goal of net-zero emissions by 2040, and in the long term we are striving for ever lower-emission product strategies. The data obtained from the Product Carbon Footprint is already an integral part of the innovation process at Doka,” says Weber. “After all, transparent data is the key to sustainable construction.”