VIR honours real estate champions
As the Vietnamese real estate market grows with hundreds of new projects a year coming to fruition, Vietnam Investment Review’s poll on leading real estate projects has become a valuable bridge connecting both developers and homebuyers to understand real market demands, as well as to help create better products in the future.
In order to recognise developer efforts to produce high-quality projects that offer a taste of novelty to Vietnamese customers, VIR last week held a ceremony to honour the 36 real estate projects that gathered the most votes. Along with the ceremony, VIR also hosted a real estate trends seminar with the participation of experts and enterprises leading the real estate market.
To map out the newest projects that resonate the most with homebuyers, VIR organised the poll on Vietnam’s leading real estate projects. Between November 20 and December 20, 2018, VIR put the question up for popular vote on its newswires tinnhanhchungkhoan.vn and baodautu.vn to find the top green and smart projects, the most coveted ventures, and the most opulent resorts.
VIR’s poll recognises the efforts of Vietnamese real estate developers, who not only aspire to reach the highest standards of modern architecture with each project, but also care about the smallest needs of every homebuyer.
Le Trong Minh, VIR’s editor-in-chief of and head of the poll’s Organising Committee, said at the ceremony, “Architectural projects and real estate products that are innovative and explore new horizons, providing residents with higher standards of living and stronger community values, will continue to be appreciated.
“This is especially true as homebuyers these days value living quality and sustainability above anything else, and climate change prompts developers to focus on eco-friendly projects. At the same time, Industry 4.0 technology is changing all aspects of modern life, including real estate and architecture,” Minh said.
Following the success garnered over the past four years, the organisers hope the poll creates a valuable foundation to evaluate real estate products according to how customers actually see them.
In fact, the real estate market is poised for strong growth thanks to ever-improving products. The coming months will be characterised by new, elevated standards for product quality and demand for smart solutions, sustainability, and international quality standards, as well as green and opulent factors. As a result, innovative products with unique designs have taken the limelight over recent years.
Poll results can be found at : here
Nguyen Anh Tuan - Vice chairman cum general director HD Mon Holdings
From 2019 onwards, My Dinh area in Hanoi will become a promising area with many entertainment centres being set up and foreign businesses shifting to this area due to convenient transport. According to statistics, the average population density in My Dinh area is about 7,000 people per square kilometre, while in other districts the figure can reach 20,000-30,000 people per sq.km.
Our A-class residential project in My Dinh is expected to be launched in April 2019. To ensure that we can live up to and even improve living standards in the area, we hired foreign consultants for the project. In addition, we realised that the management and operation of apartment buildings remains a problem. Thus, we have been focusing on professional and methodical management to avoid disputes between developers and homebuyers.
Vu Duc Huynh - General director, Viet Anh Construction Investment and Development Co., Ltd.
The company decided to develop Haiphong International Overseas Vietnamese Village, targeting overseas Vietnamese and foreigners who are working in the area due to the massive development potential of the city.
Haiphong is one of the four largest cities of Vietnam and offers completed transport infrastructure, including sea ports, airports, and Hanoi-Haiphong Expressway.
Furthermore, Haiphong is known as a base for numerous large-scale international and local groups like VSIP, LG, VinFast, AEON Mall. The number of foreign groups looking to invest in this city is increasing.
The company gleaned the potential of this market after Vingroup invested in a number of projects here, and all of Vingroup’s real estate products were sold out in a short time.
Vu Ngoc Hoan - Deputy general director Saigon-Hanoi JSC
Our project, Samsora Premier 105, was inspired by the Japanese style, emphasising balance and relaxation in life. Homeowners can enjoy equanimity in the bustling city centre. We are honoured to be voted as a top green and smart project.
According to the general planning of Hanoi until 2030 and vision to 2050, the city will be developed from the inner city to the west of Hanoi. Therefore, the city’s Hadong area is receiving strong investment in infrastructure. In 2019 and beyond, the market will continue to develop with the involvement of significant FDI flows.
In addition, the market also shows upbeat growth potential with the current urbanisation drive and growing per capita housing area. Specifically, the rate of urbanisation in Vietnam has not reached 40 per cent yet, which is below the regional average, but is expected to improve in the next 5-10 years.
Nguyen Thanh Hieu - Director of investor relations and communication Hai Phat Invest JSC
Hai Phat Invest is aware of the importance of calling for foreign capital to develop our real estate projects. Last year, the company was listed on the stock exchange, and as a result, numerous foreign investors expressed interest in co-operating with us.
We have learned that they pay attention to several things when it comes to picking a partner. The first is transparency, and the second is that they want their partners to build long-term development plans. They also pay attention to risk management, including risk when investing in projects and risks after handing over projects.
Furthermore, they are very interested in maintaining their corporate culture, especially the lean management model. Finally, they care about the core values of the real estate business, including quality and meeting customers’ demands.
Nguyen Anh Tu – Representative Dat Xanh Mien Trung
We are confident about the legality, construction progress, and the imported materials at our projects in Danang. Our imported materials from Italy and Germany meet European standards in order to create sustainable construction works as well as ensure the aesthetics of each apartment.
In 2019, Dat Xanh Mien Trung set the target to invest a total of VND10 trillion ($434.8 million) in high-end real estate projects in Quang Binh, Thua Thien-Hue, Quang Nam, Quang Ngai, and Danang. We will focus on investing in Grade A townhouses in a prime position in Danang and we will continue to invest in resorts at Lang Co, Hue, and Quang Binh. In addition, we will invest about VND800 billion ($34.8 million) in three apartment buildings, with about 700 apartments located along the Co Co River and with a beach view in Ngu Hanh Son district in Danang.
Le Nho - Deputy general director Sunshine Group
After studying the market, Sunshine Group saw that along with the traditional factors, such as the positioning and segment of the projects, customers also pay attention to the smartness of the building, thus, applying technology in real estate projects, both in the mid- and high-end segments, is an important factor to add value to the projects.
The outstanding feature of Sunshine Group’s projects in general and Sunshine City Saigon in particular is the usage of smart technology created by the group’s development team. This will decrease building expenses compared to using imported technology, and will not impact the selling price of the projects.
Residents in Sunshine’s ecosystem will enjoy the group’s own utilities thanks to such features as the integrated resident card, including Sunshine Pay, Sunshine Cab, and Face ID.