CapitaLand’s inspiring success story in the Vietnamese property sector

07:56 | 02/04/2018
One year after winning the coveted title of Best Developer (Vietnam) at the PropertyGuru Vietnam Property Awards, including 10 golden trophies and commendations, CapitaLand Vietnam has witnessed a significant transformation in their business. Since then, the company has gained remarkable recognition from the local market as well as the foreign investors.  

In 2017, CapitaLand Vietnam achieved its highest ever home sales record, which accounted for 1,409 residential units, hitting the record sales of SGD459.6 million. The number was 63 per cent higher than last year’s record of SGD282.1 million.

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Cheers from team CapitaLand Vietnam, winner of 11 golden statuettes and commendations, including Best Developer (Vietnam)

Vietnam is the third largest market of CapitaLand in Southeast Asia, after Singapore and Malaysia. At the end of December 2017, it was reported that the firm owned SGD948 million worth of gross assets in Vietnam.

Their latest asset acquisition extends CapitaLand’s portfolio to 12 residential development projects, one integrated development, 21 serviced residences, including 4,700 units across six cities in the country.

Speaking of the company’s winning qualities, Chen Lian Pang, CEO at CapitaLand Vietnam proudly said: “The PropertyGuru Vietnam Property Awards 2017 is a strong affirmation of our ongoing commitment to deliver high quality, international-standard developments to the Vietnamese population. Given Vietnam’s strong growth outlook and positive market sentiments, we are committed to be a long-term developer in this country. We’re deeply grateful for this recognition."

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Chen Lian Pang, CEO of CapitaLand Vietnam, accepts the Best Developer award

The executive, who was previously recognised as Vietnam’s 2016 Real Estate Personality of the Year for championing the Vietnamese property sector, added: “The quality of the judging is evident. The participants all feel that they have been fairly judged for what they had done. We feel good that the efforts we had put in over the years have been recognised."

The PropertyGuru Vietnam Property Awards – one of the fastest-growing local editions of the regional PropertyGuru Asia Property Awards – is the biggest and most prestigious, professionally-run real estate awards system in the country. It is a symbol of a revitalised property sector that encourages quality construction and development, and world-class design and amenities.

Since 2015, the competition has been recognised for its influence and prestige, earning tremendous support from local businesses and associations such as the Vietnam National Real Estate Association, the country’s largest property organisation.

This year, Thien Duong, managing director of Transform Architecture, returns as chairman of the independent central panel who will judge the 2018 competition. Thislauds the continued significance of the Awards and the changes in Vietnam real estate, which are “for the better” and serve as a reminder of the domestic property sector’s growth and evolution.

Noting that the annual competition has set higher levels of standard properties in the country, Thien Duong said that developers can now take pride in their contributions in establishing new benchmark to the built environment while giving high value for money to their customers and investors. There is an opportunity for businesses in Vietnam, which strive not just for profit but to create brands that have long term credibility in the market.

Applications are currently open for the fourth annual edition of the PropertyGuru Vietnam Property Awards 2018. Co-organised by PropertyGuru Group and Oriental Media Vietnam, the tilt is welcoming entries from Ho Chi Minh City, Hanoi, Danang, Halong, Phu Quoc and Nha Trang.

According to Terry Blackburn, founder and managing director of the PropertyGuru Asia Property Awards series, though Hanoi and Ho Chi Minh City remain the sector’s biggest draws with their diverse offerings of developments for different price points, from affordable housing to luxury condominiums, “it is also fascinating to see other locations, such as Danang, Halong and Nha Trang, taking their place alongside the premier resort destinations of Southeast Asia.”

Entry submission from developers will close on April 20, 2018. As always, there is no fee to enter in any category. The nominations to be received by the judging panel will undergo a thorough screening process and be visited by judges and local teams for inspection as monitored by awards supervisor BDO Vietnam, led by audit partner Jeffrey Ong Peng Lock.

The official shortlist will be revealed in the third week of May 2018, and the Winners and Highly Commended companies announced during the fourth annual black-tie gala dinner and awards ceremony on Friday, June 22, 2018, taking place once again at the InterContinental Saigon Hotel.

At least 500 guests and VIPs are expected to attend to network with peers during the four-hour gala.

The PropertyGuru Vietnam Property Awards 2018 is supported by platinum sponsor Kohler, gold sponsors An Cuong and Malloca, silver sponsor Dulux, official portal partner Batdongsan.com.vn, official media partners DELUXE and PropertyGuru Property Report magazines, official charity CARE Vietnam, and official supervisor BDO, the world’s fifth largest network of accounting and auditing firm.

For more information about the PropertyGuru Vietnam Property Awards, email awards@propertyguru.com or visit the official website: AsiaPropertyAwards.com/Vietnam-Property-Awards.

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