Leading design companies from Japan visited Vietnam developers this
week, sharing ideas during a seminar and networking event held on June
29 in Ho Chi Minh City .
The Vietnamese property market has an increasingly strong position in
Southeast Asia and many opportunities for international developers and
business partners, according to the Japanese developers.
The developers, Nomura Real Estate Development, Marubeni Corporation and
Mori Building , are three of the top design companies in Japan .
Marubeni established a joint venture with the Sun Wah Group to develop
Sun Wah Tower in HCM City .
At the seminar, Mark Townsend, managing director of CBRE Vietnam, gave insights into the Vietnamese property market.
In the office market in HCM City , the second quarter of this year
saw demand for Grade A buildings slide to less than half of that
witnessed in the previous quarter, he said.
absorption was also notably down, and the two sectors combined
contributed just over 15,000sq.m of net absorption in the second quarter
compared to almost 30,000sq.m in the first quarter.
Japan 's third largest architectural design Kume Design Asia also
delivered a presentation on architecture and design at the seminar.
In addition, international design company GARDE organised a seminar for
the first time in Vietnam featuring insights into the property
market in the country.
The seminar was part of GARDE's
annual Asian Research Tour, which GARDE organises each year for Japanese
businesses and clients to exchange ideas with regional developers and
investigate investment opportunities.
Headquartered in Tokyo,
GARDE provides consulting services and interior design for a wide
variety of projects ranging from retail, department stores and shopping
malls, to residential, hospitality, food and beverage projects and