For the 13th time, Property Guru organized the PropertyGuru Thailand Property Awards on 31 August 2018. As a Platinum sponsor, we were honored to be a big part of the biggest and longest running property award event for PropertyGuru and in the Kingdom. Since 2005, PropertyGuru recognizes developers, designs, developments, and many aspects of the built industry at the most credible industry event and celebrates the best of the best during the prestigious black-tie event. This year’s gala took place at the Plaza Athenee in the heart of the business district in Bangkok. More than 600 guests eagerly awaited the final decision of the eclectic jury that had to make some tough choices since all the entries on the shortlist were interesting and potential winners. The big winner of the evening and 2018 was AP (Thailand) Public Company Limited that took home seven gold awards and ‘Best Developer of the Year’. Among their trophies were also recognitions for CSR and sustainable development. The second big winner at the Thailand Property Awards was Magnolia Quality Development Corporation Limited (MQDC) with six wins. PropertyGuru gifted Panote Sirivadhanabhakdi, Group CEO of Frasers Property Limited, TCC Assets (Thailand) with the title Real Estate personality of the year for his contribution to the industry and the community. The 2018 event also comprised new categories: companies were identified for outstanding Customer Care and Building Communities. A reflection of a more mature market is the classification of Best Senior Living Developments, Best Home Office Development, and Best Co-Working Space Development. The organizers also recognized companies in the smart home field giving the topic that we discussed at the KOHLER Design Forum Singapore even more credibility. For this accolade, the jury picked two winners: KUUN by ACE Estate Group Co., Ltd. and Park Origin Phayathai by Origin Property Public Company Limited. Based on a recent Consumer Sentiment Survey for the first half of 2018 conducted by PropertyGuru, consumers feel that the property prices in Thailand are too high in relation to the economic slow-down. A focus was given to Millennials (18 to 34 years old) who are currently still living with parents and relatives but plan to buy homes in the next ten years. This will confirm the growing demand and supply of the market and pose a challenge for the future homeowners to realize their dreams. While maybe some adjustments in the mid and high-end price segments should be considered – some respondents even suggested that the government could regulate some parameters – the property community continues to thrive and builds properties that suit the needs of the young customers. For the first time, the PropertyGuru Asia Property Awards Grand Final will take place on 9 November 2018 in Bangkok.