Although the Singapore-listed developer’s official business results for 2017 are not yet out, last year was a great success for CapitaLand Vietnam.
In mid-2017, CapitaLand scooped up the Best Developer in Vietnam Award granted by the prestigious Property Guru Vietnam Property Awards.
As of now, Vietnam is the company’s third largest market in Southeast Asia, just behind Singapore and Malaysia. During its 23-year development journey in Vietnam, the company has taken solid steps towards sustainable development.
Accordingly, unlike many other developers that might launch projects extensively, the company has followed a sound development plan under which a new project will go in the development pipeline when other projects near completion to ensure financial and human resources readiness.
At the times when the Vietnamese real estate market fell in the doldrums and many developers dropped out of the game, the company remained solid and committed to long-term development in the country.
Besides, despite being one of Asia’s largest developers, CapitaLand did not launch extensive marketing campaigns for its projects, but has built up a reputation through ensuring excellent quality and progress at its projects.
Through strictly pursuing this business approach, CapitaLand Vietnam has gradually built up its reputation through roll-outs of diverse projects in the top-end segment in the past years, such as Mulberry Lane, Seasons Avenue, The Vista, Vista Verde, Feliz en Vista, and more.
The company finalised the construction of its Vista Verde project and completed hand-over to customers prior to the schedule.
“Earlier, I bought an apartment at The Vista. Due to the excellent quality and services, I have decided to buy another unit at the company’s Vista Verde project for both living and leasing purposes. CapitaLand Vietnam always keeps its promises and provides excellent services,” said Nguyen Anh Ngoc, a Vista Verde resident.
Ngoc also said she had chosen CapitaLand’s projects because the developer provides diversified payment packages depending on customers’ financial capability and always made good on its promises, particularly regarding the amenities in the projects’ design.
Similarly, Leung Kai Sun Sunny, a Hong Kong (China) resident at Vista Verde, said, “I am an investor and I have bought units at CapitaLand Vietnam’s projects as an investment. CapitaLand is a trusted developer, therefore, after Vietnam has loosened regulations allowing foreigners to buy and possess houses in Vietnam, I bought these units without hesitation for future investment. I bought two units at Vista Verde and another two at Feliz en Vista.”
“The price of apartments at quality projects like Vista Verde might be many times more expensive in Hong Kong, mainland China or Singapore than in Vietnam,” he added.
In parallel to supplying the Vietnamese market with quality real estate projects, CapitaLand has paid due heeds to philanthropic activities, particularly children’s education.
Since 2011, CapitaLand has built two Hope Schools and upgraded the facilities of other existing schools to provide students with a comfortable learning environment.
Beyond donations, the company gives time and attention to the children through regular visits by local staff and volunteer expeditions involving overseas staff.
“Through these efforts, we hope to empower children to fulfill their potential and create a better future. We remain committed to do our part for the community as we continue to grow CapitaLand’s business in Vietnam,” said a company representative.
In addition to CapitaLand Thanh Phuoc A Primary Hope School in the southern province of Long An and CapitaLand Nang Yen Primary Hope School in the northern province of Phu Tho, CapitaLand Hope Foundation is building its third Hope School in Vietnam, a kindergarten located in the northern province of Hung Yen that will benefit 500 children aged one to five years old. This third Hope School is slated for completion in March 2018.
Source: VIR