SwanCity announces collaboration with Mitsubishi Estate in Viet Nam
SwanCity Viet Nam and Mitsubishi Estate announced their partnership in a project led by SwanCity in SwanBay, combining the first's market-leading development platform and brand with the latter’s global expertise in real estate investment and development.
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| The collaboration between Mitsubishi Estate and SwanCity Viet Nam, a leading property developer, forms a collaboration that will advance SwanCity’s township development in Viet Nam. This newest collaboration follows the success of Daisan, a SwanCity project in Jakarta, Indonesia that is also a collaboration between SwanCity and Mitsubishi Estate. |
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| Drawing from best practices across Viet Nam, Singapore, and Japan, this collaboration aims to bring true international standards of design, sustainability, and development to the market. The collaboration will address urban development, ensuring a safe and vibrant community with high ecological awareness to best serve residents. |
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| The collaboration will leverage the expertise of both parties including Mitsubishi Estate’s global experience in real estate development and future-focused integrated planning as well as SwanCity’s technical expertise in master planning and urban and residential development. The cooperation will see the co-development of the latest phase of SwanBay, SwanCity’s flagship township development in Viet Nam. |
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| SwanBay began in 2017 as a project totaling over 200 hectares in which 100ha has already been developed. To date, over 2,000 units have been sold with 1,000 units completed and handed over. Its history of success is due to a combination of multiple factors including the unique island environment and its physical location in Nhon Trach, within a short distance of Ho Chi Minh City. |
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| With the current and future infrastructure plans including Ring Road 3 and Long Thanh International Airport, SwanBay, with its golf course and world-class amenities, has become the most sought-after residential address. This newest phase of SwanBay, a 34ha residential river-front project, marks the continuation of SwanCity’s success in Viet Nam with a new partner, Mitsubishi Estate. |
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| Expected to launch in 2021, the cooperation on this new project will take full advantage of SwanBay’s unique location. SwanCity Viet Nam and Mitsubishi Estate are dedicated to continuing to create safe and secure communities that provide the highest quality residential developments, continuing to contribute to the economic growth in the region. |
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| SwanCity is a global brand in urban planning and new city development with experience in developing high-quality projects across Asia. Aspiring to become a leading and trusted developer, SwanCity creates quality lifestyle enclaves for families and building places that everyone can call home. |
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| SwanBay is SwanCity’s first township project in Viet Nam, but they are committed to investing in the long run in Viet Nam. The team of engineers, architects, and business developers are cooperating with strategic partners to lead the evolution of quality living spaces in Viet Nam. The goal is to support the success of Viet Nam’s socio-economic and urban development whilst ensuring the happiness and growth of the community. |
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| The Mitsubishi Estate Group has overseen the development of the Marunouchi area in Tokyo over the last 120 years, evolving it into Japan’s preeminent business center. In the process, the group has accumulated unique knowledge and expertise in urban development and is expanding its business to a variety of domains by leveraging this knowledge and expertise. |
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| The Mitsubishi Estate Group’s international business began with the establishment of a company in the United States in the early 1970s. Its geographical coverage has since expanded to include the United Kingdom, mainland Europe, and Asia and Oceania. It has been strengthening its portfolio with both management properties predicated on returns from rental fees and properties for sale premised on raising their value under a capital-recycling business model. It is promoting business expansion with respect to the real estate trading rules and business customs of each country and seeks to apply optimal business models for each market based on macroeconomic data and analysis of capital and real estate markets to identify the right time to enter. |
(Source: VIR)
