Ho Chi Minh City, Vietnam, Friday, November 27th, 2015 – CBRE Vietnam is delighted to announce that Phu My Hung Development Corporation has appointed CBRE Vietnam to manage a portfolio of its commercial properties located at the heart of Saigon South, District 7, Ho Chi Minh City, starting from January 1st, 2016. The portfolio consists of: Office and Retail properties (Lawrence S. Ting, Broadway, Crescent Plaza) and around 440 serviced residences (Waterfront and Crescent Residence 1, 2, 3).
Phu My Hung was the first planned New Urban Area in both Ho Chi Minh City and Vietnam, and is also known as Saigon South. It has received numerous awards for the design, planning and community development which has resulted in high demand for space by both local and foreign residents and employers. The Phu My Hung area radiates from Nguyen Van Linh Parkway and expands to Phu My Bridge, where the key infrastructure to support trade from the city and surrounding provinces is well-established, while future investment will deliver more efficient interchange between Nguyen Van Linh and Nguyen Huu Tho, an Express Busway and Metro Line 4, which gives confidence and support to long term pricing in the area.