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JLL partners with CapitaLand Vietnam

Released at: 08:52, 17/03/2017

JLL partners with CapitaLand Vietnam

Photo: Vista Verde

Real estate consultant to manage Vista Verde in HCMC and Mulberry Lane in Hanoi.

by Ngoc Lan

JLL will cooperate with CapitaLand Vietnam to deliver true international-standard property management throughout Vietnam.

In its latest report JLL notes it has been selected to manage the Vista Verde project in Ho Chi Minh City and Mulberry Lane in Hanoi.

Mr. Chen Lian Pang, CEO of CapitaLand Vietnam, said that JLL has been selected to provide onsite services including customer care, maintenance, operations, and facilities management for Mulberry Lane and its latest flagship Vista Verde project, which will enhance the day-to-day environment and community in both.

Mr. Stephen Wyatt, Country Head of JLL Vietnam, said it is an honor to work with CapitaLand.

Vista Verde is located on 34,056 sq m in Thanh My Loi ward in District 2 and is expected to be completed in the fourth quarter.

It has 1,152 premium apartments offering state-of-the-art recreational facilities such as a gym club and a swimming pool clubhouse, lounging islands, a jogging track, and a tennis court. It will also have a retail mall.

Mulberry Lane, meanwhile, sits on 24,466 sq m and is strategically located in the Mo Lao New Urban Area, an up-and-coming residential area that is the preferred choice of affluent local people and expatriates.

It has 1,478 premium apartments of various types and entertainment areas such as a swimming pool.

CapitaLand previously appointed JLL Singapore as its sole marketing agent for D1MENSION, a luxury residential tower in Ho Chi Minh City. This followed its announcement last September that it had acquired a prime site in the city’s District 1, comprising a 17-story residential tower and a 22-story serviced residential tower, for $51.9 million, with an estimated project value of $106 million when completed in the first quarter of 2018.

Mr. Pang also said that D1MENSION will be the first residential development in Vietnam to offer property management and concierge services by Ascott, the world’s largest international serviced residence owner-operator.

According to Mr. Wyatt, Vietnam is on the rise as increasing levels of foreign direct investment (FDI) have been supporting strong economic growth and have been driving development throughout the country. Its two major cities, Ho Chi Minh City and Hanoi, are at the forefront of the transformation, as more people flock to its urban centers as new high-rise buildings change city skylines.

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