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Kai Tak Sports Park Claims Top Honour
Quality Building Award 2026 Winners Announced with Strong GBA and International Participation
HONG KONG SAR – Media OutReach Newswire – 29 June 2026 – The winners of the Quality Building Award 2026 (QBA 2026) were announced and presented at a ceremony held last Friday (26 June) at the Hong Kong Convention and Exhibition Centre. The event brought together industry leaders, representatives of professional institutions, and project teams to celebrate the outstanding achievements of building projects from Hong Kong and beyond. Ms Bernadette Linn, JP, Secretary for Development, Development Bureau, HKSARG graced the occasion as the Guest of Honour. Kai Tak Sports Park received two awards, including the highest honor – the “Quality Excellence Award” – and the “Quality Building Award” in the Hong Kong Non-Residential (New Building – Government, Institution or Community) category.
Ms Chang Yuk Kam, Patricia, Chairlady of the Quality Building Award 2026 Organizing Committee, expressed gratitude to Ms Bernadette Linn, JP, Secretary for Development, Development Bureau, HKSARG and Mr Ho Chun Hung, JP, Director of Buildings,HKSARGwho served as Chairman of the Jury Panel, and also congratulated all the award winners. Ms Chang said: “Hong Kong is now proactively integrating into the national development strategy and fully participating in the development of the Guangdong-Hong Kong-Macao Greater Bay Area. The construction industry is embracing unprecedented opportunities. The Quality Building Award is also keeping pace with the times, actively breaking down geographical boundaries and vigorously promoting cooperation and project exchanges among the construction sectors in the Greater Bay Area and beyond. We hope that outstanding construction practices and cutting-edge technologies from different regions can be shared and complement each other, and that we can jointly build a vibrant and sustainable cross-regional architectural ecosystem, while seizing opportunities together and pursuing shared development.”
For over two decades, the Quality Building Award has remained committed to its founding principles of recognizing excellence, driving innovation, and promoting inclusion, while witnessing the continuous evolution and growth of Hong Kong’s building industry and that of the wider region. Notably, this year’s Award significantly relaxed the entry requirements for the “Building Outside GBA (include International)” and “Building in GBA (Not include Hong Kong)” categories, with participating teams no longer required to include a Hong Kong-registered company. This move has successfully attracted a number of high-quality non-local projects, including outstanding entries from Egypt and Shanghai, fully demonstrating Hong Kong’s unique advantage of being of enjoying strong support of the Motherland and being closely connected to the world, and further consolidating its status as a regional building hub.
The award-winning projects from past editions have covered a diverse spectrum of areas, including residential, non-residential, government and institutional buildings, renovation and revitalization projects, temporary structures, and cross-regional developments, showcasing the multifaceted value of architecture. This year’s winning projects not only combine aesthetic design with functional excellence, but also actively respond to the industry’s prevailing trends in green and low-carbon practices, as well as smart construction and management. They embody the core mission of driving urban development and enhancing the quality of living environments.
Ms Bernadette Linn, JP, Secretary for Development, Development Bureau, HKSARG, said: “The Quality Building Award has long been regarded as the ‘Oscar of the construction industry’. Over the past two decades, it has recognised numerous outstanding projects demonstrating excellence in design, construction, teamwork and sustainable development. This year’s Award is closely aligned with the policy direction of enhancing green development momentum under the National 15th Five-Year Plan. It reflects Hong Kong’s firm commitment to advancing high-quality sustainable development, and supports the national dual carbon goals as well as the broader green and low-carbon development strategy.”
The Quality Building Award 2026 featured eight award categories. Following months of rigorous evaluation by a 17-member judging panel comprising industry leaders, Kai Tak Sports Park stood out. With its “park-within-a-stadium” concept, it transformed the former airport site into an iconic landmark integrating sports, entertainment, community, and commercial functions. The design seamlessly blends aesthetics, functionality, and sustainability, which particularly embodies this year’s theme: “Smartly We Build | Sustainably We Thrive | Inclusively We Lead.” It was therefore honored with the highest award of the ceremony, the “Quality Excellence Award,” as well as the “Grand Award” in the category of “Hong Kong Non-Residential (New Building – Government, Institution or Community).”
This year, the Organizing Committee also presented two special awards: the “Innovative Project Award” and the “Sustainable Development Award”, which were awarded to Hong Kong-Shenzhen Innovation and Technology Park – Batch 1A Development: Building 11and Kai Tak District Cooling Plant No. 3 respectively. Among them, Hong Kong-Shenzhen Innovation and Technology Park – Batch 1A Development: Building 11 also received the “Grand Award” in the Hong Kong Residential (Single Building) category, while Kai Tak District Cooling Plant No. 3 also received the “Merit Award” in the Hong Kong Non-Residential (New Building – Government, Institution or Community) category.
Projects in the Hong Kong Residential (Multiple Buildings) category also performed exceptionally well, with NOVO LAND receiving the “Grand Award”. In the Hong Kong Building (Renovation / Revitalization) category, both Lo Pan Spirit Inheritance: Conservation of Lo Pan Temple and the Expansion of the Legislative Council Complex received the “Grand Award”. Meanwhile, W.I.S.E. Complex received the “Grand Award” in the Temporary Building category.
To bring together professional expertise from the Greater Bay Area and beyond, this year’s Award has specially revised the entry requirements for the categories of “Building Outside GBA (include International)” and “Building in GBA (Not include Hong Kong)”, breaking geographical boundaries and broadening the international exchange landscape of Hong Kong’s construction industry. The “Grand Award” in the “Building Outside GBA (include International)” category was presented to Arbour and The Iconic Tower, New Capital CBD, Egypt; while the “Grand Award” in the “Building in GBA (Not include Hong Kong)” category was presented to China Overseas Headquarters and Marisfrolg Industrial Park.
Mr Ho Chun Hung, JP, Director of Buildings, HKSARG who served as Chairman of the Jury Panel, said: “The pursuit of quality buildings, together with the creation of a sustainable and inclusive built environment, has long been a shared mission of the construction industry. Through recognising outstanding projects and exceptional professional teams, we aim to drive the industry forward, promoting the adoption of smart technologies, green and sustainable practices, and inclusive, people-oriented collaboration. Together, we can build a safer, higher-quality, and more liveable environment for all.”
The Hong Kong Institution of Engineers (HKIE) will serve as the Chairing Organization of the next Quality Building Award. The Award will continue to serve as an outstanding platform for industry exchange, recognizing outstanding projects and actively driving innovation and transformation within the construction sector. By working hand in hand with stakeholders across all sectors, Quality Building Award aims to build a higher-quality and more sustainable urban environment together.
| QBA 2026 Awardees (in alphabetical order): | |
| Quality Excellence Award | |
| Kai Tak Sports Park | |
| Innovative Project Award | |
| Hong Kong-Shenzhen Innovation and Technology Park – Batch 1A Development: Building 11 | |
| Sustainable Development Award | |
| Kai Tak District Cooling Plant No. 3 | |
| Hong Kong Residential (Single Building) | Award Type |
| Hong Kong-Shenzhen Innovation and Technology Park – Batch 1A Development: Building 11 | Grand |
| ECHO House | Merit |
| Parkwood | Merit |
| Belgravia Place I | Finalist |
| JARDINI | Finalist |
| One Central Place | Finalist |
| Hong Kong Residential (Multiple Buildings) | Award Type |
| NOVO LAND | Grand |
| Casa Sierra | Merit |
| Victoria Voyage | Merit |
| Baker Circle | Finalist |
| THE PAVILIA FOREST | Finalist |
| Hong Kong Non-Residential (New Building – Government, Institution or Community) | Award Type |
| Kai Tak Sports Park | Grand |
| Kai Tak District Cooling Plant No. 3 | Merit |
| Kowloon Tsai Swimming Pool Complex | Merit |
| Hospital Authority Supporting Services Centre | Finalist |
| Kwai Chung Hospital | Finalist |
| The Pentecostal Holiness Church Wing Kwong Junior School | Finalist |
| Hong Kong Non-Residential (New Building – Non-Government, Institution or Community) | Award Type |
| 98 How Ming Street | Merit |
| One Causeway Bay | Merit |
| Hong Kong-Shenzhen Innovation and Technology Park – Batch 1A Development : Building 8 & Building 9 | Finalist |
| Hong Kong Building (Renovation / Revitalization) | Award Type |
| Lo Pan Spirit Inheritance: Conservation of Lo Pan Temple | Grand |
| Expansion of the Legislative Council Complex | Grand |
| Conversion of the Old Wan Chai Police Station into the Headquarters of the International Organization for Mediation | Merit |
| Tai Po Civic Centre | Merit |
| Hong Kong Temporary Building | Award Type |
| W.I.S.E. Complex | Grand |
| Hip³ MiC Collaboration Centre | Merit |
| Light Public Housing at Olympic Avenue, Kai Tak (Phase 1) | Merit |
| Light Public Housing – Choi Hing Road, Ngau Tau Kok | Merit |
| Light Public Housing – Yau Pok Road, Yuen Long | Finalist |
| Building Outside GBA (include International) | Award Type |
| Arbour | Grand |
| The Iconic Tower, New Capital CBD, Egypt | Grand |
| Building in GBA (Not include Hong Kong) | Award Type |
| China Overseas Headquarters | Grand |
| Marisfrolg Industrial Park | Grand |
| China State Construction Science and Technology Innovation Building | Merit |
| Guangzhou Respiratory Center | Merit |
Photos of the Award Presentation Ceremony can be downloaded from the following link:
https://drive.google.com/drive/folders/1WuprPeClXBBB6rr4iaWqR6qvsVheeGl7?usp=drive_link
For more information about the Quality Building Award, please visit:
Official Website: www.qba.com.hk; Facebook: QBAHK; LinkedIn: QBAHK;
Weibo: 優質建築大獎; WeChat Official Account: 優質建築大獎
Hashtag: #QualityBuildingAward2026
The issuer is solely responsible for the content of this announcement.
About Quality Building Award
The Quality Building Award (QBA) is a biennial award that recognizes buildings of outstanding quality and those that demonstrate outstanding teamwork. The provision of quality buildings is an essential ingredient of a prosperous and modern society, and the Quality Building Award aims to promote a collective commitment by the building industry to maintain the highest standards of professionalism and competitiveness.
The theme of QBA 2026 is “Smartly We Build | Sustainably We Thrive | Inclusively We Lead”, which aimed at recognizing the adoption of smart, sustainable, and inclusive solutions, driving innovation and eco-friendly practices to foster collective progress and ensure a thriving, sustainable future. As always, the QBA 2026 will continue to recognize outstanding contributions to society and drive the ongoing advancement of construction industry.
The Quality Building Award 2026 is jointly organized by ten leading professional institutions in Hong Kong, including (listed in alphabetical order)：
The Hong Kong Institute of Housing (Charing Organization of QBA 2026)
BEAM Society Limited
The Hong Kong Construction Association
The Hong Kong Institute of Architects
The Hong Kong Institute of Construction Managers
The Hong Kong Institution of Engineers
The Hong Kong Institute of Surveyors
Hong Kong Quality Assurance Agency
International Facility Management Association Hong Kong Chapter
The Real Estate Developers Association of Hong Kong
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CG Capital, the Leader in Branded Residences in Thailand, Marks Milestone Success for InterContinental Residences Bangkok Asoke Amid Global Economic Uncertainty
Reaffirming Thailand’s status as a world destination for the luxury residences market
Mr. Phoom Chirathivat, Managing Partner and Co-Founder of CG Capital, said that despite a difficult global economic backdrop, marked by slowing markets, geopolitical conflict, and volatility in traditional capital markets, CG Capital sees Thailand’s luxury real estate market moving in the opposite direction. Driving this is a major shift in the behaviour of the world’s wealthiest individuals: a wave of global wealth migration. Data from Henley & Partners shows the number of high-net-worth individuals (HNWIs) relocating globally has surged from 51,000 in 2013 to 142,000 in 2025, a 178% increase over 12 years.
“Global markets are slowing down, but Thailand is holding its position as a world destination. Demand from HNWI buyers, both Thai and international, hasn’t dropped off. If anything, these buyers have become more selective about the assets they choose. That tracks with what we’re seeing from Thailand’s Board of Investment, which has approved Long-Term Resident visas for more than 6,000 wealthy global citizens since 2022. Thailand isn’t just a tourism destination anymore. It’s become a place HNWIs choose for long-term residence and investment,” said Mr. Phoom.
Claiming the Asian Crown: The “Right Brand, Right Partners, Right Product” Strategy
Rising demand for high-end residences has pushed CG Capital’s investment strategy toward branded residences, the fastest-growing segment of the market. Thailand currently holds the largest market share of branded residences in Asia at 23.3% of the region’s USD 26.6 billion total market value, ahead of the Philippines (17.3%) and South Korea (11.6%). CBRE’s Global Branded Residences report ranks Thailand 4th in the world by number of projects, with Bangkok and Phuket sitting among the world’s top 10.
Mr. Phoom Chirathivat added:”The success of InterContinental Residences Bangkok Asoke comes down to understanding global trends. What sets us apart is ‘Right Brand, Right Partners, Right Product,’ paired with Bangkok’s best location, Sukhumvit. We’re not chasing a trend. We’re reading the market and building on the long-term confidence we have in this country.”
From Private Equity DNA to World-Class Product Development
What sets CG Capital apart, as the largest private equity fund manager in Thailand’s real estate and hospitality sector, is the way it applies institutional investment thinking to every part of development. Long-term asset value gets weighed through two lenses at once: capital appreciation and living experience.
CG Capital’s Next Steps and the Official Sales Gallery Launch
Looking ahead, Mr. Phoom said CG Capital will keep pursuing new investment opportunities in the hospitality segment, setting new standards for Thailand’s real estate industry. “Reservations above 60% so far are a clear vote of confidence in CG Capital. Now that the sales gallery is open to the public, we’re confident the design and craftsmanship on display will help the project move quickly toward its sales target, further cementing CG Capital’s position as Thailand’s leading branded residences developer,” he said.
InterContinental Residences Bangkok Asoke welcomes visitors to view show units at the sales gallery from 4–5 July onward. Interested parties may schedule an exclusive private appointment via https://residencesasoke.com/
or Tel: 092-989-2616
Expanding the Reach: Bringing the Project to International Buyers
Alongside the sales gallery opening in Bangkok, CG Capital continues to take InterContinental Residences Bangkok Asoke directly to international buyers. The project will next be featured at “Thailand: A New Chapter Begins,” an exclusive showcase hosted by CBRE Thailand in collaboration with Taiwan Sotheby’s International Realty in Taipei on 3 – 4 July 2026, from 1:30 p.m. – 5:00 p.m. at W Taipei (Strategy Room 1).
Taiwan is a market CG Capital sees as a promising source of long-term residence demand. According to CBRE Thailand and Real Estate Information Center (REIC), Taiwanese buyers now rank as the fourth-largest group of foreign buyers in Thai property market, with transaction value growing an average of 27% a year between 2023 and 2025. Thailand’s appeal to this group comes down to geographic proximity, competitive entry pricing, and a lifestyle suited to long-stay living.
For CG Capital, the event is also a chance to read first-hand how Taiwanese HNWIs are thinking about long-term residence and investment in Thailand. Interested parties in Taiwan may get in touch, please contact Taiwan Sotheby’s International Realty 0800.887.288 (Taiwan) or CBRE Thailand +66(0) 81 742 6624 (Thailand).
Hashtag: #CGCapital #InterContinentalResidencesBangkokAsoke
https://centralgroupcapital.com/
https://www.facebook.com/Centralgroupcapital/
The issuer is solely responsible for the content of this announcement.
About CG Capital
CG Capital Advisory Limited manages private equity investments for blue-chip domestic and international institutional and UHNW investors with an inaugural fund size of THB 10 billion, investing primarily in Thailand’s hospitality, tourism, and real estate sectors through greenfield, brownfield, and turnaround strategies. Its diversified portfolio includes hotels, branded residences, condominiums, amusement and water parks, and mixed-use developments, focusing on Thailand’s leading travel destinations such as Bangkok, Phuket, Koh Samui, and Pattaya.
Led by Mr. Phoom Chirathivat, Managing Partner and Co-Founder of CG Capital, the firm combines deep expertise in investment and hospitality with a strong conviction in Thailand’s tourism potential—particularly within the luxury and lifestyle segments.
Legal disclaimer
Sixteen Residences Limited, being the current owner and developer of InterContinental Residences Bangkok Asoke, is solely responsible for the development, marketing, and sale of the Units. The Units are not owned, developed or sold by InterContinental Hotels Group PLC or its affiliates (collectively “IHG”). There exists no joint venture, partnership, ownership or similar relationship between Sixteen Residences Limited and IHG. IHG is not responsible for the content presented in this press release.
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World’s First Commercial Multimodal LLM for Cultural Tourism Enters Broad Application
Xi’an is one of China’s oldest cities and one of its most popular international tourist destinations. Shaanxi Culture Industry Investment Group (SCG) is working with partners like Huawei, China Telecom Shaanxi, and China West Airport Group (CWAG) to promote cultural tourism using digital technologies including AI and 5G-A.For example, BoGuan is used to support a new AI travel companion agent that had been made available to over 4 million users by March of this year.
In September 2025, SCG and Huawei unveiled the BoGuan Large Model, the world’s first commercial multimodal LLM for cultural tourism. It is also China’s first industry-specific model dedicated to the preservation of cultural heritage. This model is built on intelligent computing infrastructure and a high-quality dataset. The dataset has over 1.2 PB of data, including 31 million images, 4.4 million minutes of video footage, 2.18 million minutes of audio recordings, 510 3D models, and 960 million pieces of structured text.
BoGuan can generate highly-accurate multimodal content, such as museum-quality content about cultural relics. This allows it to support the creation of new digital relic presentations, the digitalization and preservation of traditional craftsmanship, and the creation of digital IP for intangible cultural heritage. Zhang Beiyuan, a dough sculpture artisan, said, “With this model, I can complete a dough sculpture that used to take two or three months in less than a week.” BoGuan is also used to create digital IP like the popular cartoon character Tang Biaobiao, which is designed by integrating local cultural heritage elements with the stone carvings of the Six Steeds of Zhao Mausoleum. The sales of related digital collectibles and creative products have exceeded CNY2 million.
In addition to supporting cultural heritage preservation, BoGuan has been used to develop a range of cultural tourism apps, such as AI photography and AI travel companion agent. Visitors can directly talk with this agent on the GO-SHAANXI app to create and adjust travel itineraries and get real-time performance recommendations at attractions. The Zhiying Camera mini program provides paid services that instantly integrate user photos with AI-generated scenes from history, allowing visitors to “travel back to ancient times.” These new consumption options unlock the business value of quality cultural tourism data. Furthermore, SCG is using BoGuan to integrate short drama production with cultural tourism and improve production efficiency and quality in Xi’an, a renowned short drama hub.
Additionally, China Telecom Shaanxi and Huawei have deployed a 5G-A network based on three component carrier aggregation (3CC) technology at Xi’an’s Grand Tang Mall, a popular tourist attraction. The network delivers peak uplink and downlink rates of 600 Mbps and 3.5 Gbps, respectively, about 10 times faster than common 5G networks. During the 2026 May Day holiday, this network supported concurrent access for 23,000 users, guaranteeing smooth video watching and social media experiences. Furthermore, 5G-A-powered HD live streaming at the Grand Tang Mall has become an important way for the attraction to bring in new visitors. According to public data, the average user dwell time of these live streams has nearly doubled and the average transaction value has increased by 62%.
Edric Chu, General Manager of Huawei’s Shaanxi Rep Office, said, “Artificial intelligence is not simply a stack of technologies. It has become a key enabler that can activate thousands of years of cultural heritage, reshape travel experiences, and inject new momentum into the industry. Moving forward, Huawei will continue working with our partners to enhance cultural heritage preservation with digital and intelligent technologies, and stimulate development within the cultural tourism industry.”
Hashtag: #Huawei
The issuer is solely responsible for the content of this announcement.
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