(CNN) — For the first time in five years, there's a new "best restaurant" in Asia.

The "Asia's 50 Best Restaurants" awards were handed out at Macau's Wynn Palace Tuesday night.

The glitzy ceremony, sponsored by S.Pellegrino & Acqua Panna, is considered by many to be the Oscars of fine dining in Asia, bringing together top chefs from around the largest continent to celebrate food and drink

The list, now in its seventh year, is compiled based on votes from 300 industry insiders, including food writers, critics, chefs and restaurateurs.

Odette restaurant in Singapore walked away with the top prize, knocking Bangkok's four-time winner, progressive Indian restaurant Gaggan, into second place.

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Led by chef Julien Royer, Odette is located in Singapore's National Gallery and serves Asian-inspired modern French cuisine.

"What to say? It was not expected and we are very thankful to all the people who just love our food, our cuisine, our restaurant," Royer said in his acceptance speech.

"It's been an incredible four years for us (since we opened the restaurant). It's not just about food, it goes beyond that. Tonight is a very special moment for us. We are extremely happy and thankful."

Odette's rise up the "Asia's 50 Best Restaurants" ranks has been swift.

Named after Royer's maternal grandmother, it received the "Asia's Highest New Entry Award" in 2017 before rising to the number five spot in 2018. Last year, it debuted on the "World's 50 Best Restaurants" list at No. 28.

In total, Singapore ended the night with seven restaurants on the list, including Burnt Ends (No. 10) and Jaan (No. 32).

Japan leads the night

But it was Japan that had the most venues in the top 50 this year -- 12 to be exact.

Tokyo's Den took the No. 3 spot, making it Japan's best restaurant for a second consecutive year. Three other restaurants in Japan also cracked the top 10: Florilège (No. 5), Narisawa (No. 8) and Nihonryori RyuGin (No. 9).

Meanwhile, the "Highest New Entry Award" went to Bangkok restaurant Gaa, which snagged the No. 16 spot on the "Asia's Best" list. Located on the same tiny street as Gaggan, it's led by executive chef Garima Arora, who was named Asia's Best Female Chef 2019 and last year became the first Indian woman to win a Michelin star.

A total of 10 new entries appear on the 2019 "Asia's 50 Best Restaurants" list.

Here's the full list of winners for 2019:

15. Belon , Hong Kong

16 Gaa , Bangkok (New entry)

21. Amber , Hong Kong

25. Sushi Saito, Tokyo

34. Vea , Hong Kong (New entry)

37. Neighborhood , Hong Kong

43. Toyo Eatery, Manila (New entry)

46. Dewakan , Kuala Lumpur (New entry)