Savills News

Savills Vietnam to provide property management services for King Palace Project, Tower A

In January 2021, Savills Vietnam became the official property management services provider to the King Palace luxury apartment complex invested by Hoa Anh Dao - Alphanam Real Estate JSC.

King Palace is located at 108 Nguyen Trai Street, Thanh Xuan District, with easy access to hospitals, schools, and key business areas of Ha Noi.

Savills Vietnam will manage the gross floor area of 60,168 m2 in Tower A. This includes 32 apartment levels providing 410 two- to 6-bedroom units from 82m2 to 202m2, a four-level commercial podium, and 3 parking basement levels with charging points for electric cars. Project facilities include a 5-star gym and an outdoor pool on the roof with panoramic city views.

Savills Vietnam premium approach to property management will help optimize costs for the investor, while ensuring a safe, effectively managed living experience for residents. The building has an intelligent management system which monitors and optimises electrical supply, air-conditioning, water supply and drainage systems.

Speaking about working with Alphanam Group, Ms. Vu Kieu Hanh, Savills Hanoi Head of Property Management, said: “King Palace has been carefully invested to create a unique highlight for Ha Noi. Our Real Estate advisory expertise and long-term experience of property management gives us confidence to develop ongoing benefits for the developer and residents, while enhancing the value and reputation of the project.”

Savills Vietnam has deployed their proprietary Property Cube mobile application in the project to improve resident service levels, reporting transparency and support the technological needs of the developer. Mr. Matthew Powell, Director of Savills Hanoi shared: “The Property Cube app deployed in Savills managed projects has received extensive and positive feedback. Property Cube was designed to ease resident living with features allowing online payment of household bills, repair and maintenance booking requests, and project utility booking. The app also helps us improve service quality levels while providing increased accuracy and transparency in project reporting. As the app is enabled for direct resident communication, general announcements and service updates by being easily accessible are more widely noted and if required, acted upon.”

Savills is the leading property management services provider in Asia-Pacific with over 65 million m2 under management comprising commercial space, luxury residences, shopping centres, and industrial properties.

In Viet Nam, Savills manages over 8 million m2 in 100 residential and commercial Real Estate projects. Savills Property Management also provides audit, operational and financial management services, pre-project consultancy, as well as maintenance services. Besides King Palace, Savills Property Management portfolio also includes other outstanding projects in Ha Noi, such as Imperia Sky Garden, Mandarin Garden, The Manor Central Park, BIDV Tower, Sky Park Residence, and Star Lake Western West Lake; while in Ho Chi Minh City projects include Saigon Pearl, The Vista, Avalon, Riviera Point, and Masteri Thao Dien.

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