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CBRE Vietnam Is Officially Appointed As The Property Management Agent For Mapletree Vietnam’s One Verandah Project

Ho Chi Minh City, May 2020: CBRE Vietnam Co., Ltd. and Mapletree Vietnam have signed an agreement for CBRE to become the property management agent for the One Verandah apartment project. CBRE is presently preparing and completing the personnel and management systems to be ready to welcome future residents of One Verandah by the end of June.


The signing ceremony took place at One Verandah, with the participation of Mr. Lee Seng Chee, CEO of Mapletree Vietnam, and Ms. Dang Phuong Hang, Managing Director of CBRE Vietnam, along with senior managers from both sides.



CBRE & Mapletree signed a strategic partnership agreement

The signing ceremony marked a mutual goal for both parties—to provide the residents of One Verandah with professional management services that match the project’s quality. As a leader in the field of property management, with extensive experience and a professional staff, CBRE will add considerable value to the One Verandah apartment project. The selection of a market-leading property management agent like CBRE demonstrates Mapletree Vietnam's vision and dedication to its potential customers.


At the Q1 2020 residential market update webinar in April, CBRE Vietnam conducted a quick survey of investment trends in the apartment market. The survey showed that the majority of participants prioritized buying apartments in District 2 in 2020. This indicates that the majority of customers consider District 2 to be an ideal area to live in. In a continuation of the success of the high-end apartment segment, Mapletree is creating a new wave in the apartment market in District 2, with One Verandah being one of the last high-end apartment projects in Thanh My Loi area.


Mr.  Lee Seng Chee, CEO of Mapletree Vietnam added that, “We are excited that, One Verandah, our award-winning residential project development, will be ready to welcome its first residents soon. We hope that working with CBRE will provide residents with premium quality property management and facility services."




Mr. Lee Seng Chee and Ms. Dang Phuong Hang

The project aims to fully meet the needs of residents of all ages by offering a modern and luxurious living environment, with various utility floors and functional areas that include an Olympic swimming pool, relaxing lake, gym, running track, library, herb garden and children's playground. In addition, the car parking platforms on the first and second floors have been completed by installing security systems, fire prevention and rubber speed bumps, in keeping with international standards.

On April 21, 2020 Mapletree obtained the “Result of Construction Building Completion Inspection” issued by the Ministry of Construction (MOC). In the certification, the State Authority for Construction Quality Inspection, MOC accepted the qualified inspection results, and approved for One Verandah to be put into operation as a high-end residential development.

Ms. Dang Phuong Hang, Managing Director of CBRE Vietnam, said: “One Verandah is the leading project in Thanh My Loi area, where it has a favorable geographical position and outstanding facilities. The project offers splendid views of the Saigon River and it only takes a few minutes to drive to Thu Thiem new urban area. In addition, Mapletree always prioritizes its customers' interests at every stage of development, which, along with the professional property management of dedicated and experienced staff from CBRE, will be beneficial to the residents. Likewise, CBRE takes good care of the handover process and the residents’ rights when the project is put into operation”.



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