Not only domestic investors but also foreign investors have invested a lot in the integrated residental and office building and rental market in Vietnam.
From the niche market.
Information from the enterprise registration management Office (Ministry of Planning and Investment) showing that, from the beginning of the year to 30th August, more than 87,000 enterprises has newly established in all over the country. For every month, there are more than 10,000 new businesses are born. Especially in April, there are more than 14,500 new businesses.
According to the HCM City Real Estate Association (HoREA) then this is the "talking figure" for the development of the economy in general and the real estate market in particularly. Specifically, the demand for office leasing is excitedly evolving from the middle of the end of 2016 to now.
Particularly in the heart of the big cities although the rent fluctuates but the demand is very high. Many young and dynamic businesses are looking for the type of resident apartment integrated office (smart office) and it makes this niche market develops unexpectedly.
Ascent Lakeside brings to the residents a private, tranquil yet still assures the best quality living environment.
Smart office market was considered as niche market but now it attracts a large mount of demand as majority of newly established enterprises is 95% of small and medium enterprises. From this demand, domestic and foreign investors have poured lot of capital into this so called “niche market”.
Accompanying the foreign investors’ delegation of surveying to District 7, we went to some apartment building constructions which are offering for sale, typically at the Acsent Lakeside project at 70 Nguyen Van Linh, Tan Thuan Tay Ward, District 7, HCMC - This is a project developed by Sanyo Homes of Japan and Tien Phat Real Estate Company.
The apartments are offered for sale at the beginning of the year and 90% of the apartments are saled on the opening day, while the smart office is expected to be offered for sale in September at about VND42 million per sqm. Now, the project is building to the 13rd floor in order to catch up with the handing over progress in 2019, with all the high-class facilities of the Ascent line of Tien Phat: hot swimming pool, clean water can drink directly from the faucet, Japanese gardens, lakeside parks…. with a not so big scale and being one of the characteristics of The Ascent line, Ascent Lakeside brings to the residents a private, tranquil yet still assures the best quality living environment.
The most important thing to the development of projects which has officetel is the location
Talking to the press, a representative from Sanyo Home said that this time in Vietnam, the office rental market is booming so it has abundant potential. "The huge amount of newly established enterprises in a country like Vietnam is paying attention to startup enterprises. Most of the enterprises is young and medium enterprises, they are very active and need a modern, innovative environment," he said. According to this representative, at the beginning time this is just a niche market but with the current demand, this market is attracting a large amount of capital investment from real estate developers and also investors in secondary market.
The assessment of market observers showing that the most important thing to the development of projects with officetel is the location of the project. These should be the central locations which has high demand for office space. Addition to that are the design experience, structure of intelligent apartment type which integrates the two needs of resident and office.
Japanese impression in Vietnamese real estate
As analyzed above, the Acsent Lakeside project is the product of cooperation between Japan's Sanyo Homes Group and Tien Phat Real Estate Company. Not only Acsent Lakeside project, recently, Japanese partners are quite “skillful” with the real estate market in Vietnam.
Typically for these cooperative transactions is on September 16th, Danh Khôi Real Estate Company (DKR) officially signed a cooporative contract with Anabuki NL Housing Service Vietnam Company (from Japanese Group).
According to the contract, DKR decided to choose Anabuki as the management and operation unit of Barya Citi urban project invested by DKR.
The Barya Citi project covers an area of 8.7 hectares, including 427 commercial townhouses and a commercial center combined with resident apartment. Barya Citi is located at the golden position in the administrative center of Ba Ria - Vung Tau Province, bordered by 3 facades of Truong Chinh Road (National Highway 55), Cach Mang Thang Tam Street and Nguyen Van Cu Street in Ba Ria City.
According to Mr. Nguyen Loc Hanh, Deputy General Director of Sales - Marketing of DKR, the reason DKR decided to choose Anabuki to become the operator of Barya Citi is because this is a Group with experience in construction and management for nearly 3,000 buildings in Japan in many years and owned a lot of modern technology in construction and management.
DKR decided to choose Anabuki as the management and operation unit of Barya Citi urban project invested by DKR.
Mr. Omori Daisuke - CEO of Anabuki Viet Nam - committed to providing the optimum service to create the most harmonious living space where residents can enjoy the convenience in each project and new advantages of the area.
“Being the professional Company in providing standardized Japanese management services for more than 30 years of working with Japanese developers and customers, we are confident that our customers will have great satisfaction when they experience our services” emphasized Mr. Omori Daisuke.
