Property

Vietnamese resorts need more than natural scenery to lure in cosmopolitan tourists Alhough the demand remains strong, the hospitality and second-home markets are still held back by a series of issues, preventing them from truly blossoming. Troubles include the monotonous programmes which cannot keep tourists in Vietnam for longer visits and the low number of visitors returning to Vietnam. “The sun, sea, and sand are not enough, Vietnamese tourism firms need to create more unique products and come up with novel experiences to compete with other holiday hotpots and keep tourists longer,” said Ha Van Sieu, deputy general director of the Vietnam National Administration of Tourism (VNAT). “Especially with Industry 4.0 taking over all sectors, local tourism needs to react to the demand for innovative offerings.” With more than 22 years of experience in the Vietnamese tourism and hospitality scene, Kai Marcus Schröter, ­general director for Hospitality … [Read more...] about Sun, sea, and sand simply not enough

Vietnam is considered one of Asia’s most vibrant property markets and a long-term strategic area for Savills. VIR’s Quynh Chau talked with Mark Ridley, newly-appointed Group CEO for Savills, on his assessment of the Vietnamese real estate market and its role in Savills’ development strategy. Mark Ridley, photo Savills Mark Ridley - Newly-appointed CEO of Savills Group Ridley joined Savills in 1996 and was appointed to the Commercial Board in 1998. He was named chairman and chief executive of Savills Commercial in January 2008 and was appointed to the Group Executive Board at the same time. He was chairman of Savills Commercial from May 2008, then chief executive officer (CEO) of Savills UK from 2013 and of Savills Europe from 2014 until he was appointed as deputy group chief executive on May 1, 2018. As of January 1 this year, Ridley was appointed as group CEO. Why did you decide to visit Vietnam? I first came to Vietnam 25 years ago. This time, when … [Read more...] about Savills Group CEO sees Vietnam’s potential

Hanoi’s retail property market performed well in the first quarter of this year, however challenges remain from the development of e-commerce, experts said. Hanoi saw good performance in the retail property market in the first quarter of this year. – Photo internet Total stock was about 1.4 million sq.m, including supply of 16,000 sq.m from one project in inner Hanoi, according to Savill Vietnam’s report on the capital’s property market in the first quarter. Retail podiums in fast-growing residential areas have performed well with high occupancy rate, leading to a rising development trend of shop-house podiums, the report said. “Global luxury brands have shown interest in Hanoi, however, the market has yet to offer quality retail space matching tenants’ requirements,” said Hoang Dieu Trang, Senior Manager, Commercial Leasing of Savills Vietnam. According to the quarterly report on Ha Noi property market released on Thursday by JLL … [Read more...] about Hanoi retail property market performs well in Q1

The long-awaited luxury project at 29B Nguyen Dinh Chieu, District 1, Ho Chi Minh City opened its show suites for the first time in the end of March 2019. Savvy investors from across Asia have taken this opportunity to visit one of the most luxurious and elegant sales galleries and show suites in the city. The Marq emanates excellence and opulence, right from the reception lounge Upon arrival at the sales gallery, visitors are welcomed by a beautifully appointed reception lounge. The stunning onyx floor featuring rich contrasting parallel layers gives the lounge an exquisite look that is rarely seen in Ho Chi Minh City. The Marq sales gallery, built following the design of the project’s reception hall Like a bejewelled masterpiece, The Marq’s sales gallery presents a grand development of opulent and rich textures and colours. To help customers visualise the look and feel of their future home, the sales gallery interior adopts the same design elements that … [Read more...] about Hongkong Land unveils The Marq’s Sales Gallery & Show Suites

The Marq – the long-awaited luxury project at 29B Nguyen Dinh Chieu, District 1, Ho Chi Minh City – opened its show suites for the first time at the end of March 2019. Members of the public have taken this opportunity to visit one of the most luxurious and elegant sales galleries and show suites in the city. The Marq emanates excellence and opulence, right from the reception lounge Entering the front door, visitors are welcomed by a beautifully appointed reception lounge. The stunning onyx floor featuring rich parallel layers with contrasting sheets gives the lounge an exquisite look that is rarely seen in Ho Chi Minh City. The Marq sales gallery, built following the design of the project’s reception hall Like a bejewelled masterpiece, The Marq sales gallery presents a grand development of opulent and rich textures and colours. In order to help customers visualise the look and feel of their future home, the sales gallery interior adopts the … [Read more...] about Hongkong Land unveils gallery of suites in Marq in Ho Chi Minh City