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First joint venture on property management set up

PMC Sites > de.pmcweb.com.vn > Property News > First joint venture on property management set up

Japan’s Asia Business Investment Company and KS Community Company on October 13 set up a joint venture with domestic PMC to operate property management and consultation services.

This is known as the first ever joint venture in this field made by foreign company so far.

The company - named PMC Community Joint Stock Company (PMC Community), will specialise in property management, consultancy and real estate brokerage. Target customers include individuals, families and companies.


According to Yuji Koyama, general director of PMC Community, the seriousness and high appreciation to the customers under the Japanese style will be outstanding characteristic of the joint venture to woo customers.

To ensure the highest quality of the newly set up joint venture, a majority of its staff is Vietnamese however Japanese experts are intensively managing throughout the system.

According to Nguyen Quang Huy, Director of Operations of PMC, Japanese customers would be very hard to convince and the company must pay much more attention on their staff working style. “Therefore we set up the target to receive Japanese working style, culture and professional style in order to have the belief from our customers,” Huy said.

Founded in 2000 and 1996 respectively, Asia Business Investment and KS Community are experienced interdisciplinary businesses in Japan. The two companies have offered management and consultancy services to numerous large-scale real estate projects.

In Vietnam, while newly established in 2009, PMC has been fast-track in making itself known not only because of its professionalism and dedication to each service but also its accomplishments in creating humane and friendly living communities.

The company is currently providing management services for various types of real estate in Hanoi, Danang and Ho Chi Minh City, notably Hyundai Hillstate, Mulberry Lane, Sky City, Dolphin Plaza, Cantavil Hoan Cau, Sunrise City, PARCSpring or Danang Administrative Centre.

By Bich Ngoc

Vietnam Investment Review