{"id":248474,"date":"2025-02-26T05:15:00","date_gmt":"2025-02-25T22:15:00","guid":{"rendered":"https:\/\/www.ttrweekly.com\/site\/?p=248474"},"modified":"2025-02-26T05:51:46","modified_gmt":"2025-02-25T22:51:46","slug":"demand-for-asias-branded-residences-soars","status":"publish","type":"post","link":"https:\/\/www.ttrweekly.com\/site\/2025\/02\/demand-for-asias-branded-residences-soars\/","title":{"rendered":"Demand for Asia\u2019s branded residences soars"},"content":{"rendered":"\n

SINGAPORE, 26 February 2025: The branded residences market in Asia is soaring as buyers worldwide purchase second homes in “playground cities” or tropical resort destinations.\u00a0<\/p>\n\n\n\n

C9 Hotelworks\u2019 research unveils a booming regional market for branded residences as Singapore\u2019s property sector\u2019s \u201ccooling measures\u201d lead to a flight of capital from the Lion City.<\/p>\n\n\n\n

\"\"
(left) Sudara Residences, Phuket; (right) 888 Brickell, Dolce & Gabbana, Miami.<\/em><\/figcaption><\/figure>\n\n\n\n

Singapore buyers are leading regional buyers, fuelling the sector’s growth, driven by a domestic environment not conducive to investment in second or third homes given high taxation and stamp duty.<\/p>\n\n\n\n

In a marketplace valued at USD26.6 billion for a supply of 68,001 units, the top regional branded residences destination is Thailand, which commands 23.3% market share, according to the recently released C9 Hotelworks\u2019 Asia Branded Residences Market Update, and where Phuket has the highest number of units at 4,771 across 26 developments.<\/p>\n\n\n\n

Following Thailand is the Philippines, with a 17.3% share, and South Korea, with 11.6%. Singapore has a branded residences market value of USD2.78 billion, but it has the third highest value, USD23,026 per sqm, behind Niseko and Seoul.<\/p>\n\n\n\n

\u201cThe value of the Singapore branded residence market is significant,\u201d said  C9 Hotelworks Managing Director Bill Barnett.<\/p>\n\n\n\n

\u201cBut the headline here is the strong appetite of Singaporean buyers to buy in the region, buoyed by the confidence and service benefits international luxury brands bring to the table, and Thailand is the leading beneficiary.\u201d<\/p>\n\n\n\n

The growth is not lost on top regional developers, some of whom are establishing their own brands, such as Hong Kong\u2019s Lang Kwai Fong Group. The conglomerate recently launched its second project in Phuket, the lifestyle-focused award-winning Sudara Residences, following the success of the pioneering exclusive Andara villa development.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

Asia branded residences snapshot<\/strong>\u00a0<\/a><\/p>\n\n\n\n

\u201cThere\u2019s a trust factor here,\u201d said CBRE Head of Advisory & Strategic Transactions, Hotels and Hospitality \u2013 Asia Ananth Ramchandran. \u201cSingaporeans take a lot of comfort in investing with recognised developers.\u201d<\/p>\n\n\n\n

Sudara Residences Senior Director of Sales and Marketing Jason Thelen added: \u201cSingapore has quickly become our top regional market for buyers looking for second homes, making up over 45% of regional purchases.\u201d<\/p>\n\n\n\n

Ascott\u2019s entry into the branded residences sector has also caught the attention of many industry observers.<\/p>\n\n\n\n

\u201cAscott has a long-standing reputation of operating serviced residences, hotels, resorts and co-living properties over the years,\u201d said The Ascott Limited Vice President of Business Development, Saowarin Chanprakaisi. \u201cAs more developers enter the branded residences space, we look forward to partnering with them to deliver distinctive brand experiences homeowners look for through our Ascott, The Crest Collection, and Oakwood Premier brands.\u201d<\/p>\n\n\n\n

Luxury brands outside the international hospitality chains are also eyeing the sector, where automobile brands such as Bentley and luxury fashion brands including Dolce & Gabbana and Fendi Casa are entering the fray.<\/p>\n\n\n\n

Brought to Asia by The One Atelier, having launched celebrated projects in Miami and Dubai, such as 888 Brickell Dolce & Gabbana, Miami and Casa Canal with interiors by Fendi Casa, Dubai, the company is finding fertile ground in Asia.<\/p>\n\n\n

\n
\"\"<\/figure>\n<\/div>\n\n\n

About C9 Hotelworks<\/em>
C9 Hotelworks is led by founder and Managing Director Bill Barnett, who brings over 30 years of experience in the Asian hospitality and real estate sectors. Before founding C9 in 2003, he held senior executive roles in hotel operations, development and asset management. He promotes industry insight through regular conference presentations at key events and contributes to numerous industry publications. For more information, contact www.c9hotelworks.com<\/a>\u00a0\u00a0<\/em><\/p>\n\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

SINGAPORE, 26 February 2025: The branded residences market in Asia is soaring as buyers worldwide purchase second homes in “playground cities” or tropical resort destinations.\u00a0 C9 Hotelworks\u2019 research unveils a booming regional market for branded residences as Singapore\u2019s property sector\u2019s \u201ccooling measures\u201d lead to a flight of capital from the Lion City. Singapore buyers are […]<\/p>\n","protected":false},"author":22,"featured_media":248498,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[246,1581,3988],"tags":[],"class_list":{"0":"post-248474","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-singapore","8":"category-trends","9":"category-stories"},"yoast_head":"\nDemand for Asia\u2019s branded residences soars - TTR Weekly<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ttrweekly.com\/site\/2025\/02\/demand-for-asias-branded-residences-soars\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Demand for Asia\u2019s branded residences soars - TTR Weekly\" \/>\n<meta property=\"og:description\" content=\"SINGAPORE, 26 February 2025: The branded residences market in Asia is soaring as buyers worldwide purchase second homes in “playground cities” or tropical resort destinations.\u00a0 C9 Hotelworks\u2019 research unveils a booming regional market for branded residences as Singapore\u2019s property sector\u2019s \u201ccooling measures\u201d lead to a flight of capital from the Lion City. 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