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Find – Design Fair Asia ‘24 preview

11 June 2024

The third edition of the curated design show organized by Fiera Milano and dmg events will unite 350 international brands in Singapore

 

After a celebrated 2023 edition, FIND – Design Fair Asia, the key marketplace for furniture, interiors and design objects returns to the Singapore Design Week on 26-28 September 2024 with an expected 15,000 visits, 350 brands at the iconic Marina Bay Sands. The highly curated tradeshow will be Southeast Asia’s meeting point for the vibrant furniture and interiors sector as prime property developers, architects, hospitality, retail and interior designers are to converge with leading manufacturers and finest suppliers across 17,000 sqm of exhibition space. Jointly organised by dmg events, global tradeshow professionals for design, construction and hospitality trade shows, in conjunction with Fiera Milano, a leader in Italy and one of the main integrated operators worldwide in the exhibition and congress industry, FIND – Design Fair Asia is well positioning in the heart of Southeast Asia to unite the regional design industry and build on encouraging market trends.

International interior design brands operating in furniture, office spaces, commercial and residential real estate, and the hospitality industry in Southeast Asia can look favorably at some market trends. The furniture sector is projected to generate a revenue of US$ 14.58 billion in 2024 for the region alone, at an annual growth rate of 7.11% (CAGR 2024-2028) (Statista). Among the furniture segments, the living room furniture sector is estimated to have a volume of US$ 4.96 billion in 2024.

The interior design sector is also anticipated to benefit from robust growth in the hospitality sector as the total hotel construction pipeline in APAC (excluding China) increased 4% year-on-year with 1,977 projects and 402,156 rooms as of 4th quarter of 2023 according to Colliers International.

FIND – Design Fair Asia is strategically positioned to leverage these favorable market trends and poised to draw substantial visitors from all corners of the region, building upon last year’s already impressive 22% international visitor proportion. To improve visitors’ experience and enhance business opportunities, FIND is introducing an improved business matching service. This service will connect prequalified buyers directly with suppliers through dedicated meetings, extended networking events, and even exclusive showroom visits, ensuring a tailored and efficient approach to making contacts and collaboration.

FIND Global Summit attracted some 2300 visits in 2023 and is again poised to unite a remarkable lineup of leading figures from the design and business community. Yoko Choy, content chair and editor of Wallpaper* Magazine China spearheads an industry insider committee which curates the exciting sessions for 2024. The summit will ignite discussion on innovative strategies spanning various disciplines, such as design, architecture, hospitality, and the consumer design market to devise actionable solutions and draw inspiration to navigate forthcoming opportunities.

 

EMERGE Showcase @ FIND. This exhilarating Southeast Asian design talent showcase returns for its third edition with its largest-ever showcase space at 1,015 square metres. Presented by DesignSingapore Council and curated once again by Suzy Annetta, it will feature new works from more than 50 emerging and established designers from Indonesia, Malaysia, Philippines, Singapore, Thailand and Vietnam responding to the new curatorial theme of “These Precious Things”.

 

APAC Industry Recovery

Despite regional challenges, the Asia-Pacific (APAC) region is poised to be the world’s fastest-growing economy in 2024 (Mordor Intelligence). Regional interest rate cuts are anticipated for mid-2024, further strengthening investor sentiments, yet the commercial real estate market already shows a particular trend with Singapore emerging as the primary source of Asia Pacific real estate investments. The city-state surpassed the US for the first time as investors injected nearly US$ 8.5 billion into Asia Pacific real estate (Knight Frank).

As inflation is abating, the outlook for hotels is equally positive as airline capacity is expected to fully recover to 2019 levels by the end of the year (CBRE; IATA) and regional hotel occupancy rates already normalizing (CBRE). According to Colliers International, upscale and luxury developments are experiencing notable growth, constituting 54% of the region’s construction pipeline. In 2024, there are projected to be 381 new hotels with 74,341 rooms opening, followed by an additional 379 new hotels with 76,422 rooms to open in 2025.

 

Singapore’s commercial real estate market also grew by 462% in the 4th quarter of 2023, clocking in US$ 4.1 billion (US$ 5.5 billion) in transactions, which reflects a 110% YOY increase compared to the same period in 2022 (Knight Frank). The SEA office real estate market is booming with nearly 6.5 million sqm of Grade A space due to come on stream in 2024, pushing up vacancies in almost two-thirds of markets (CBRE).

 

FIND – Design Fair Asia

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