Vincom gets professional property management By Dinh Dung - The Saigon Times Daily HCMC - Vincom Corporation announced on Wednesday to have clinched a deal with Yardi System Inc to set up a professional property management system for its office and commercial buildings. The deal allows the U.S. firm to install a software program called Yardi Voyager to manage Vincom’s real estate sales, office buildings and commercial centers in the country. The module of apartment for lease management will be added in the short coming time. The software also allows users to manage financial and accounting work, make a report at any time, and monitor the schedule of maintenance services for the building. Le Khac Hiep, chairman of Vincom Corporation, said applying professional property management was part of the company’s development strategy to modernize and improve the capacity of management based on advanced technology. Hiep did not mention the deal’s value but said the company had … [Read more...] about Vincom gets professional property management
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Property developers hire foreign management companies to optimize profit
VietNamNet Bridge - Most high-end resorts in Vietnam are managed by leading asset management companies from the US, Europe or Asia. In late November 2016, Hoa Anh Dao Tourism Company and Beegreen JSC, the co-owners of Dream Oceanami Villas & Spa project, signed a contract with Dream Hotel Group. The foreign group defeated other rivals to obtain the right to manage the high-end resort which faces the East Sea and backs the Minh Dam Mountain. Most high-end resorts in Vietnam are managed by leading asset management companies from the US, Europe or Asia. The project comprises 347 beachfront villas located in Dat Do district of Ba Ria – Vung Tau province, expected to open in the second quarter of 2017. Nguyen Kim Son, CEO of Beegreen, said the property management company from the US successfully persuaded the investor with not only its global experience, but also with transparent finance reports. It also showed a clear strategy on training hotel services to local workers to … [Read more...] about Property developers hire foreign management companies to optimize profit
Foreign groups are major players in high-end property management market
VietNamNet Bridge - Luxury real estate projects can be developed by either Vietnamese or foreign investors, but most of them are managed by international management groups. The chair of a conglomerate which is building a resort in Ba Ria – Vung Tau province said that managing high-end hotels, especially resorts, is a ‘privilege’ given to foreign groups. “Investors are always on the defensive when working with management companies,” he said. “You can sign contracts with them at any time, but you will have to pay a deposit as soon as the contract is signed.” The amount of deposit depends on the negotiations between investors and the management service providers. However, the average amount is $200,000. Investors will lose the money if they break the contracts. A survey conducted in 2009-2014 by Jones Lang LaSalle, a company that provides real estate and finance management services, of the most of the 37 surveyed contracts on hotel management in … [Read more...] about Foreign groups are major players in high-end property management market
Apartment plaza selects property management firm
Apartment plaza selects property management firm (30-09-2006) HCM CITY — Kumho Asiana Plaza Saigon Company, a subsidiary of Korea’s Kumho Industrial Co, signed an agreement yesterday with UK-based InterContinental Hotels Group for the latter to manage a major Kumho property project. Under the agreement, the British hotel group will market and run the hotel and apartments, which will be part of the Kumho Asiana Plaza Project scheduled for groundbreaking in late October and opening in late 2009. "We’re delighted to be able to bring the InterContinental Hotels and Resorts brand to HCM City, which is a key market in our overall development strategy," said the group’s representative, Jan Smits. "Viet Nam has demonstrated remarkable growth in both the leisure and business travel segments and we see further opportunities to enhance our presence as the country continues to promote itself in the international arena as an attractive place to visit," he added. Kumho Asiana … [Read more...] about Apartment plaza selects property management firm
Conference on Tourism Property Management to Open in HCMC
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Conference on Tourism Property Management to Open in HCMC The Conference on Tourism Property Management is set to open at Legend Saigon Hotel, Ho Chi Minh City on September 15, 2010. Some 100 representatives of companies managing hotels, resorts and serviced apartments as well as consulting and design companies, tax and law consultants are expected to attend the event, according to the organizing board. Lecturers are top-notch specialists in hotel consultancy, management and operation from world-acclaimed groups like Grant Thornton, Six Senses, Accor, Jones Lang Lasalles Hotels and DFDL Mekong as well as big tourism property project developers in Vietnam like Ninh Van Bay and VinaCapital. This will be the forum for attendants to share information and experience. The conference will dig deep into the aspects of tourism property management, clarify problems and challenges to face, map out solutions, and survey new trends in the coming time so as to bring about effective applications … [Read more...] about Conference on Tourism Property Management to Open in HCMC