Photo: Savills Vietnam
Office to build on existing project marketing team.
Savills Vietnam officially opened its Da Nang representative office on July 14, solidifying its dedication to growing its business in the central region’s property market.
The new office will offer the full platform of real estate services provided in Hanoi and Ho Chi Minh City, including research, valuation and development advisory, commercial and residential property management, office and retail agency services, tenant representation, investment advisory and brokerage, as well as residential project marketing and leasing.
Savills has conducted work for clients in Da Nang since 1995 and has had an increasingly active presence in recent years, being closely associated with some of central Vietnam’s most well-known resort and residential developments. The sizeable existing project marketing team already present in the city will be complemented by a professional management team and office premises.
Savills has observed rapid growth in the property market in central Vietnam, especially the hospitality market, according to Mr. Chris Marriott, CEO of Savills South East Asia.
Over the last few years Da Nang has continued to improve both its investment and business environments, implementing policies to facilitate investment flows to the city. This is a perfect time for the city to develop other real estate segments.
“Opening a representative office in Da Nang will boost Savills business and raise brand awareness among future partners and clients,” Mr. Marriott said. “The network expansion also creates opportunities for Savills to provide hands-on services to customers not only in Da Nang but also the region.”
Da Nang’s real estate market is developing rapidly and, as such, Savills feels it important to provide both clients and developers with full access to its services, according Mr. Matthew Powell, Director of Savills Hanoi.
“This is one of the most exciting and progressive cities in Vietnam at one of the most exciting periods in its development, so we are very pleased to open our first regional office here in Da Nang,” Mr. Powell said.
In the high-profile residential market in the city, Savills has led sales efforts for The Ocean Resort, including Ocean Villas, The Ocean Suites, Dunes Residences, The Point and Ocean Estates, Marble Mountain Residences at Hyatt Regency Da Nang, Naman Residences, Luxury Apartment at Sheraton Four Points, Azura condominiums, and Harmony Tower.
Savills Vietnam is one of the largest real estate consultancy firms in Vietnam with over 20 years of operations and growth. It provides comprehensive data and insights into developments in the local property market, with over 800 staff nationwide.