5 award-winning developers to watch out for

18 ก.พ. 2567

5 award-winning developers to watch out for

Thailand’s real estate market in 2023 was a landscape of growth and transformation, shaped by diverse factors like ongoing urbanisation, technological advances and shifting consumer behaviours.

In particular, the sector is experiencing a significant shift due to increased demand for homes with additional office space and outdoor areas, a response to the rise of remote work. This shift in work culture has also fuelled interest in properties in suburban and rural areas where there’s a preference for more space, lower costs, and less dense living environments.

Smart home technology and sustainability are also at the forefront of residential property development. Homeowners are showing a growing interest in energy-efficient homes, prompting developers to integrate sustainable features like solar panels and energy-efficient appliances into their projects.

Leading the charge in responding to these trends are award-winning developers like Sena Development, The Riviera Group, PATTA Development, PNP Real Estate, and Phuket Exclusive Development. Their focus on innovative design, sustainability, and community-oriented projects positions them as key players in shaping Thailand’s residential real estate market in 2024 and beyond.

1. Sena Development

Sena Development Public Company Limited, initially established in 1993 as Krungthep Keha Group Co., Ltd., has become one of the most recognisable names in Thailand’s real estate sector.

The Stock Exchange of Thailand-listed firm’s diverse portfolio includes condominiums, townhouses, detached housing estates, live-work spaces and commercial properties.

Initially focusing on the lower- to middle-income segment, Sena expanded into higher-end developments in 2015.

Notable company brands include SENA Avenue, SENA Park, SENA Shop House, SENA Ville, The Kith, and The Niche. In 2017, Sena received the PropertyGuru Thailand Property Award for Best High-Rise Affordable Condo Development (Bangkok) for The Niche Pride Thonglor-Phetchaburi.

All of these projects reflect the company’s innovative approach. These properties combine sustainable design principles with the demands of modern urban living, showcasing the company’s commitment to environmental responsibility.

Sena’s social responsibility initiative, “Join Our Dream House”, meanwhile, demonstrates its broader commitment beyond business metrics.

In 2023, the firm cemented its ascent in Thailand’s real estate industry, taking home an inaugural Best Developer (Thailand) trophy at the PropertyGuru Thailand Property Awards.

2. The Riviera Group

With projects that offer a blend of luxury and innovative design, the company has carved a niche in developing high-quality condominiums in Pattaya.

The Riviera Monaco, The Riviera Wongamat Beach, and The Riviera Ocean Drive are all prime examples, with a contemporary architectural aesthetic that complements the Eastern Seaboard’s evolving skyline.

The group’s endeavours have been consistently acknowledged at the PropertyGuru Thailand Property Awards, with accolades including Best Condo Development (Eastern Seaboard) in 2022, 2020, 2018, and 2013. In 2023, The Riviera Group was again recognised with the Best Developer (Eastern Seaboard) award.

Beyond its architectural accomplishments, The Riviera Group is also known for its initiatives in sustainable development and corporate social responsibility.

This dual focus reflects a broader vision to construct premium living spaces and also shape lifestyle experiences that align with the ideals of contemporary living: balancing luxury with environmental and social considerations.

3. PATTA Development

Since its inception in 2006, PATTA Development has steadily risen to prominence in Pattaya’s real estate scene. Renowned for its emphasis on both style and functionality, PATTA’s projects, such as Patta Arcade and Patta Prime, stand out for their designs and prime locations.

The company was acknowledged at the Thailand Property Awards in 2023, picking up the Best Housing Developer (Eastern Seaboard) award, indicating its leading role in Pattaya’s property scene.

In addition, the company received Special Recognition in Community Services, highlighting its commitment to community welfare and societal contribution, beyond just building homes.

PATTA Development’s community engagement, meanwhile, is reflected in its diverse portfolio, including projects like Patta Element, Patta Ville, and Horizon By Patta.

These developments, noted for their quality, thoughtful design, and strategic locations, exemplify PATTA’s approach to creating not just living spaces but thriving communities.

4. PNP Real Estate Co., Ltd

With its innovative development approach, PNP Real Estate has marked its territory in the coastal town of Hua Hin in recent years.

A stellar example of PNP’s approach is the La Felice Villa Hua Hin project, embodying the company’s skill in creating properties that align with the demands of discerning homeowners.

The development, alongside other ventures in PNP’s portfolio, illustrates the company’s flair for designing living spaces that combine visual appeal and practical utility.

This approach, which also focuses on addressing the evolving needs of consumers while contributing to community services, bagged the developer Best Breakthrough Developer (Hua Hin) award at 2023’s PropertyGuru Thailand Property Awards.

5. Phuket Exclusive Development Co., Ltd

Established with a vision to craft high-end living spaces in verdant settings, Phuket Exclusive Development has earned a reputation for its attention to design, quality and sustainability on Thailand’s most famous island.

Notable projects like The Element by Wallaya Villas, Wallaya Villas-The Nest, Wallaya Villas Harmony Phase 2 & 3, and Wallaya Grand Residence, completed between 2016 and 2021, combine contemporary design elements with the natural charm of Phuket, providing residents with a unique blend of comfort, elegance, and convenience.

With its focus on innovative design and quality construction, the firm took home Best Housing Developer (Phuket) at last year’s PropertyGuru Thailand Property Awards. 

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