Savills : Vietnam continues to expand its management portfolio in Hanoi

PROPERTY MANAGEMENT SERVICES: SAVILLS VIETNAM HA NOI PROPERTY MANAGEMENT PORTFOLIO CONTINUES TO EXPAND

Rapid growth in the Viet Nam real estate market has seen more and more apartments, offices, retail projects and complexes coming into use and operation, and all needing quality property management services. Developers tend to outsource operations advisory and management to professional management firms for their projects. Savills Vietnam extensive and market leading expertise and experience supported their being chosen the property manager the newly launched Goldmark City by TNR Group.

TNR Goldmark City is a luxury apartment, office and retail complex located at 136 Ho Tung Mau St. It has easy access to the upcoming elevated metro system and further convenience in transportation options with major road access. There is a wide range of nearby facilities: My Dinh Stadium, high-quality schools, hospitals and modern supermarkets. With a low construction density of 23.3%, TNR Goldmark City offers residents a contemporary and open environment integrated with green spaces, parks and fountains, creating charming, nature-friendly and modern living conditions. The project also provides a 2.1 hectare international school area alongside other luxurious facilities. There is a kids playground, a tennis court, swimming pool, gym, spa etc. Besides TNR Goldmark City's spacious shopping centre, the complex comprises nearly 5000 two to four bedroom apartments from 68 to 161 square metres. Savills Vietnam is currently initiating the management process in phase 1 to 4 buildings covering about 2500 apartments.

Ms. Vu Kieu Hanh, Head of Savills Property Management, North and Central Vietnam, shared: 'When new projects come into use and operation such as Goldmark City, the management unit plays a crucial role. They will work with the developers in the technical systems handover from subcontractors; in managing apartment handover to buyers; the establishment of procedures, protocols and policies. This process, especially with high-end projects, requires a management unit with key abilities in maintaining international standards, and the correct knowledge of local regulations. These initial systems, procedures and standards confirm operation basis, which as things progress provide added value to the project in time, cost efficiencies, increase life expectancy of the constructions and support easy and seamless resident living.

Property management has been shown to have outstanding impact to projects involving large numbers of individual residential owners. The management unit will not only be responsible for operating common spaces but also for providing services to all residential areas, solving issues in a timely manner, suitably minimising any potential conflict and always, ensuring the reputation of developer to the market. These are Savills Vietnam values and what we bring to every project in our management portfolio, including Goldmark City.'

Savills is the leading property management service provider in Viet Nam and the Asia Pacific region with over 65 million sqm of prime commercial, luxury residential, shopping centres and industrial properties under management. In Viet Nam Savills manages over 2.5 million sqm. Apart from Goldmark City, Savills management portfolio includes other representative projects such as Richland Southern, BIDV Tower, Artemis (Hanoi), Saigon Pearl, The Vista, Avalon, Riviera Point, Masteri Thao Dien (HCMC).