Thursday, 5 September 2013

The Reverie Saigon - Heritage at the heart

VNRE - The Reverie Saigon is 5 star hotel located in the world standard tower named Times Squares Saigon, giving customers a unique destination and contemporary style at the strategy business location on Nguyen Hue Street, District 1, Hochiminh City.

The Reverie Saigon is a brand new luxury hotel and residences strategically situated in the historic heart of Ho Chi Minh City's central business district. The landmark building offers breathtaking panoramic views of the Saigon River through the largest L-shaped curved curtain wall in Asia. The Reverie Hotel-Saigon is the highest hotel in the city starting from the 27th floor, the only hotel in the city with a helicopter landing pad.

The hotel is managed and operated by Windsor Property Management Group Corporation.

The Windsor Property Management Group Corporation (WMC Group) is one of the largest hospitality and property service companies in Vietnam, managing a portfolio of restaurants, hotels, serviced apartments and commercial shopping centers.  WMC Group started with its first 5-star hotel and shopping center in Ho Chi Minh City, Vietnam and quickly expanded to include a portfolio of mixed use properties and brands, embarking on a dynamic path of expansion and growth to establish itself as one of Asia’s prominent hospital.

For further information, please contact:

Windsor Property Management Group Corporation (WMC Group)
Add: 193-203 Tran Hung Dao Street, District 1, Ho Chi Minh City
Tel: 84.8.3920 9520 - Fax: 84.8.3920 9658

Sunday, 1 September 2013

Landmark PVI Tower leads the way for office-space market

VNRE – Recent studies have shown an increasing trend of work environments becoming more advanced and compatible with the health and well being of employees. Companies are investing in new technologies to reduce emissions, whilst ensuring employees are healthier and happier.

These changes are a far cry from the traditional workplace in Ha Noi but to the benefit of more employees in the nation’s capital,  there is further change on the horizon.

With over 146 office buildings in Ha Noi and a three-fold increase in the amount of people working in commercial buildings, it is no surprise that development of the nation’s capital has changed the traditional work environment. 

Recent studies have shown that the average employee spends at least 8 hours a day and approximately 90,000 hours of their life at work. Fittingly, modern day employees are coming to refer to the office as their "second home”.

Investors are starting to realise there is a social and financial return on investing in better facilities; in providing gymnasiums and comfortable surroundings that improve health and wellbeing.  

Employers have been attentive in technologising work places to save energy and improve their environmental footprint. These environments have also been shown to reduce stress among employees.

Phrases such as “anti-glare glass”, and “ultraviolet (UV) protection” are becoming more familiar as work places use Building Management Systems (BMS) to integrate intelligent functions into their workplaces including, security, lighting, air-conditioning and smart parking remotes for the office.

Meanwhile, the surging supply of office buildings has offered many opportunities for tenants to scrutinise building quality. Tenants have greater leverage and more choice to find projects that meet the requirements of ‘crisp professionals’.

Domestic small-scale enterprises look for ‘cheap and cheerful’ office space while multinational companies have their pick of top class buildings, including the Bitexco Financial Tower, the Keangnam Ha Noi Landmark Tower and most recently, PVI Tower Building.

Obayashi, a Japanese construction brand, is a renowned aficionado of quality design, construction and building aesthetics. After more than a decade located in top class office, Obayashi is one of many large companies who have decided to relocate to PVI Tower in the west of Ha Noi. PVI Tower, since its soft launch, has been a fly strip for professionals. For large businesses, it is a testament to the highest international

Influenced by French modern design and built with a specific style code, investors had been "picky" about the building’s construction. The building is specialised with only the latest technology and system utilities on the market. 

It is no surprise why PVI Tower has already leased more than a half of its office space even through it hasn’t officially opened.

The company has enticed several of the biggest companies to relocate to the tower, including Japan’s Obayashi Corporation, Samsung Electrics Viet Nam and Canada’s Sunlife Insurance Company.

PVI Tower is 25 floors and 2 basements of Grade A office space, multi-function meeting rooms, an international 700-person conference hall, a gym, spa and restaurant.

The building can be entered via Tran Thai Tong road in the new Yen Hoa Urban area in Cau Giay district - pegged to become Hanoi’s Wall Street in the near future and in close proximity tosimilar projects including the Keangnam Landmark Tower, The Garden, Indochina Plaza Ha Noi and Grand Plaza.

Projects like the PVI Tower are important in demonstrating the value companies place on ideal working environments: for the brands, for the business and for their employees. Companies would do well to know exactly what kind of office space can maximise the potential of these three critical assets of their business.

Social development and increasingly pressurised working environments are helping to drive the invention of new work environments that meet personal requirements.

There is an opportunity for investors who know where supply and demand converge and what the market is missing. There is hope yet, in the stagnant real estate market.

Source: Vietnamnews

Leasing Inquiries Hotline (Savills): 0948 000 468 |
Project Information Hotline (PVI): 012 5995 5995 |

Thursday, 29 August 2013

José Reyes Keeps a Real Estate Toe in New York

BUYER: José Reyes
LOCATION: Old Brookville, NY
PRICE: $4,578,000 (list)
SIZE: 7,669 square feet, 6 bedrooms, 6 full and 2 half bathrooms

YOUR MAMAS NOTES: Just because Dominican Republic-born professional baseballer José Reyes now plays for the Toronto Blue Jays* doesn't mean the former New York Met doesn't plan to keep a significant real estate toe hold in the New York area.

In 2007 Mister Reyes and his wife, Katherine, shelled out $3.25 million for an approximately 5,000 square foot house in a gated enclave in the affluent Long Island community of Manhasset and now, thanks to a real estate canary we'll call Harry Hasthedish, we've learned that the deadlocked four-time All Star shortstop is about to buy a bigger house in the wealthier (and more waspy) Long Island village of Old Brookville where the (2010) median household income surged above $245,000 per year. As of this morning property records don't yet reflect a transfer of ownership so we can't say how much Mister Reyes agreed to pay for the place but our brief research shows the the estate-sized spread was originally listed in mid-2011 at $4,999,000 and last listed with an asking price of $4,578,000.

Of course, Your Mama don't know a thing about professional baseball so we had to consult the internets and our boozy, ball crazy b.f.f. Fiona Trambeau for a little background on Mister Reyes who, turns out, really knows how to hit the damn ball and steal bases. He hit more triples than anyone else in the major leagues in 2005, 2006, 2008 and 2011 and he stole more bases than any of the other professional baseball jocks in 2005, 2006, and 2007. In late 2011, after eight seasons with the New York Mets, Mister Reyes signed on for a six year stint with the Miami Marlins in a package deal worth $106 million. Just a year later, in an effort to decrease their overall payroll, the Marlins traded Mister Reyes to the Toronto Blue Jays who assumed the same pay package as he had in Miami.

Listing details for Mister Reyes' new residence in Old Brookville that Your Mama teased out of the interweb clearly show the red brick and cedar shingled quasi-colonial was built in 2006 on just over 3.5 acres but it does not indicate the square footage, which the Nassau County Tax Man puts it at 7,669 square feet. Listing details do show, however, that the two (or more) story house has six bedrooms and six full and two half bathrooms as well as 10-foot ceilings, extensive mill work, custom wood floors throughout, and a fully finished basement.

Formal living and dining rooms open directly off the double-height foyer and adjoining stair hall, the former with a fireplace and French doors and the latter with flesh-toned walls above a waist-high chair rail and a glimmery, palace-worthy crystal chandelier. Also in the general vicinity of the front door are a den with fireplace surmounted by a flat screen t.v. and a dark paneled library with another fireplace surmounted by a flat screen television.

The nearby kitchen is certainly large and well equipped with a Subaru-sized center island, granite counter tops, two-tone distressed raised panel cabinetry, and top-quality appliances but—frankly—it looks like the high-end kitchen of about 400 million other high-end kitchens in upscale suburban mansions and macmansions across the country. An adjoining breakfast room is wrapped on three sides by large windows and looks out over the flat (and featureless) football field-sized backyard.

The master suite has a private sitting room with fireplace, roomy bedroom and a very beige bathroom with twin pedestal sinks, a glassed in steam shower and a free-standing soaking tub set below a strange and unnecessary raised fireplace. Think about that fireplace, children, who wants to flip that thing on and sit in the tub where you can't even see it? Pleeze.

A finished basement, which probably adds a couple thousand more square feet to the total size of the house, includes a wine cellar, a small (carpeted) room the sellers used as a fitness suite, and a gigantic (barely furnished) game room with a carved wood bar that looks like an expensive (but boring) replica of a bar in an Old Timey saloon.

listing photos: Shawn Elliott Luxury Homes and Estates

Wednesday, 28 August 2013

Elegance Residence

- Location: 8 Hung Long Street, District 10, Ho Chi Minh City
- Site area: 1813.63 sqm, GFA 12,580 sqm. A 15-story serviced apartment building providing residents with comfortable and relaxing living spaces.
- Owner: Van Thinh Phat Group
- Architecture design: TwoG Architecture.

Those Crazy Quaids Do It Again in Pacific Palisades

BUYERS: Dennis and/or Kimberly Buffington-Quaid
LOCATION: Pacific Palisades, CA
PRICE: $5,100,000
SIZE: 6,114 square feet, 5-7 bedrooms, 9 bathrooms

YOUR MAMAS NOTES: Thanks to both real estate yenta Yolanda Yakketyyak and our eerily well-informed informant Lucy Spillerguts, Your Mama has learned why the soon-to-be-divorced May-December duo Dennis and Kimberly Quaid—he's 59, she's 45—unexpectedly flipped the contemporary Pacific Palisades pad they'd only purchased seven months earlier* back on the market two weeks ago with a fifty thousand dollar mark up: In early July (2103), through a vexatiously named trust, the estranged but co-parenting couple surreptitiously shelled out $5,100,000 to acquire a 1920s Spanish-style mini-mansion set privately and securely behind high hedges and an electronic drive gate on a sweeping curve of Sunset Boulevard in the ritzy Riviera area of Pacific Palisades.**

Property records indicate the 6,114 square foot residence has three bedrooms and nine bathrooms but digital listing details Your Mama scrounged up show there are six bedrooms and nine bathrooms. Making matters more confusing, the listing description parsed the bedrooms count as such: four bedrooms suites on the upper floor including a master suite with dual closets and bathrooms (shown above) and a fifth bedroom suite on the main level plus two additional staff rooms. As all of the children who can perform basic arithmetic can easily figure, that makes for a total seven bedrooms. Anyways...

The gated motor court at the front of the property has grass growing between the flagstone pavers and can accommodate up to ten cars, according to online marketing materials. A stout pair of mature palm trees frame the stained glass window flanked front door that opens into a circular foyer that steps down to a reception gallery. The hotel-lobby sized space sports an unfortunate and vaguely Medieval style with stone flooring, an ill-advised faux-stone wall treatment around the front door, numerous stone-framed doorways, and antique chandelier and half a dozen or more matching sconces, wrought iron stair railings, and what appear to Your Mama to be at least three—three!—stone and/or tile encrusted fountains.

An ever so brief hall with arched niches connects the foyer to the grandly proportioned step-down living room with dark brown wood floors, large windows on three walls, a colossal carved stone fireplace and chimney breast, two antique chandeliers, and a vaulted, exposed wood ceiling. Multi-paned glass and steel doors join the living room to the formal dining room where an over-sized, essentially square-shaped stained glass window sits colorfully between two tall and narrow ten-pane leaded glass windows.

The roomy, center island eat-in kitchen is fully updated with a vintage vibe and is dressed with marble counter tops and white subway tile back splashes the extend all the way to the ceiling and expensively equipped with two glass-fronted fridge/freezers, two dishwashers, a super-sized commercial-style range set into a subway tiled niche, a built-in coffee maker, a built-in vegetable steamer, and at least one under-counter wine fridge.

Double arched doors at the back of the reception gallery open to a small but state-of-the-art media room with terraced seating, a high-def projection system plus a large flat-screen t.v. set in to the wall, and a giant, pane-free window that overlooks the backyard.

Other notable features and creature comforts include a snazzy home automation system, a restored powder room with vintage tile work, a circular second floor sitting room, a ground level yoga/work out room (that was probably originally designed as a staff room). Listing details indicate there are two laundry rooms, a compact one just off the kitchen and another much larger one on the lower level that's kitted out with two washers, two dryers, two side-by-side slop sinks, and a stainless steel topped table in the center of the room.

The house sits tightly on a .37 acre sloping parcel but, none-the-less, outdoor living spaces are many and include a sun-baked tiled terrace atop the attached two car garage, a central courtyard embraced on three sides by the towering rear façade and at least one more dining/lounging terrace plus a flat patch of lawn ringed by a thick wall of trees and shrubs and a large swimming pool and spa girdled by a basket weave pattern red brick terrace.

*At least one report from the time of the purchase indicates that although title was held in both their names Missus Quaid, a real estate agent in Texas, and the couple's five year old twins retained exclusive use of the property until the children turn 18.

**Your Mama has no idea if Mister and Third Missus Quaid plan to reconcile and cohabitate in the Sunset Boulevard mini-mansion or if, more likely, the acquisition is part of soon-to-be-third-ex-Missus Quaid's settlement.

listing photos: Coldwell Banker (via Hot Pads)

Tuesday, 27 August 2013

Did Y'all Hear...

...that in 2008 an as yet unidentified 40-something year old Belgian art dealer bought the last home of Spanish surrealist Pablo Picasso in the historic village of Mougins, about 20 minutes from the Promenade de la Croisette in Cannes, for between 10 and 12 million Euros—that's $13 to $16 million U.S. dollars—gave the well-situated Provençal pad a striking minimalist make-over and popped it back on the market with a hair raising and hoopla-ensuring $220,000,000 asking price?

Current listing details and previous reports in the newspaper Nice Matin (via the hardworking kids at Curbed) show the stone-walled 35-room hillside villa, once known as Mas de Notre-Dame du Vie and now dubbed Domaine L'Antre du Minotaure, stands three stories high, has 10 bedrooms and 8 bathrooms, a guest house and a guard house, two swimming pools, a tennis court, an extensive gardens.

Now children, this property has an impeccable pedigree and it is certainly something to behold even if the austerely finished and sparely furnished day-core ain't your thang but 220 million George Washingtons? Well...Your Mama thinks it's probably best to let the gloriously opinionated children and any prospective buyers decide whether the 14-17 time mark up over the reported 2008 sale price makes a lick of real estate sense, even with the no-doubt time consuming and costly renovation and restoration.


listing photos: Corcoran

Your Mama Hears...

...From a trusted canary deep inside the Platinum Triangle real estate world—let's call her Heidi Hearsay—that Will and Jada Pinkett Smith recently floated their epic compound in the Santa Monica Mountains near Calabasas (CA) as a whisper listing with a very loud $42 million asking price.*

The Tinseltown power players, who are forever insisting they are not splitting up or having some sort of unconventional open relationship, spent four years and heaven only knows how many millions to custom construct the 150-plus acre Calabasas area complex that includes an approximately 25,000 square foot adobe-style mega-mansion that bends around a plaza-sized central motor court before it branches off to accommodate garage bays for at least eight cars with additional living space above.

Some of the children may recall that the Smith's humongous, hand-crafted domicile was featured on the cover and in the glossy page of the September 2011 issue of Architectural Digest. The multi-winged house was described in A.D. by the home's Santa Fe-based architect, Stephen Samuelson, as "various interpretations of adobe in Persian, Moroccan, Spanish, as well as Southwest American cultures."

The article elaborates on the "deeply personal" and sensually curvaceous interior spaces that include decorative this and thats such as hand-troweled plaster walls, miles of exposed ceiling timbers reclaimed from old barns and homesteads, hammered wrought iron accents and stair banisters, floors and ceiling with spiral and infinity knot patterns pressed into the stucco or fashioned from river stones, brilliantly colored stained glass windows, and antique hand-carved wood doors from around the globe.

The Smiths first worked with esteemed nice-gay decorator Waldo Fernandez, according to the  A.D. article, but at some point switched to L.A.-based lady decorator Judith Lance who filled every nook and cranny with hand-crafted bits and bobs from around the globe as well as scads of bespoke pieces, including a bed canopy in the master bedroom painstakingly made entirely of tiny ball chains. It's a bit much for Your Mama's less show-stoppy personal taste in day-core and it's certainly something our house gal, Svetlana, would not even dream of dusting without a guarantee of a sizable bonus but it's certainly an impressive construction and conversation piece.

The double-height main entry spills easily into a double height living room with massive carve stone fireplace, a dozen or more towering jute wrapped columns, and a retractable skylight. That's right, a retractable skylight. There are numerous other secret nooks and cozy crannies throughout the house that provide more intimate spaces for private chats and solitary moments.

The dining room has rich vermilion walls and another kiva-ish fireplace plus an adjoining circular lounge with cushioned built-in seating that's perfect for taking in a palette cleansing aperitif or satiating digestif. The kitchen has cabinets crafted from 19th century oak panels, double fridge/freezers, a built-in pizza oven, and an adjoining breakfast room where an over-sized picture window frames a long view across a vast lawn toward a lakeside gazebo.

There's a meditation lounge with circular skylight, a billiards room, a luxuriously appointed screening room, and a state-of-the-art recording studio where a then 9 or 10 year old Willow Smith recorded her brilliantly catchy if terrifically annoying Platinum certified single Whip My Hair.

The master suite has high ceilings with exposed timbers, a raised hearth fireplace, and towering arched glass doors that link to a private terrace with built-in lounge seating. There's also a custom-fitted closet/dressing room that Your Mama would bet our long-bodied bitches, Linda and Beverly, is bigger than all the bedrooms in our house put together plus a sculptural bathroom with an over-sized flesh-colored soaking tub and a shower cave lined with glimmering pebbles.

Outdoor recreations and amusements include a man-made lake with a small island accessible via a narrow footbridge, a multi-pronged lagoon-like swimming pool complex with poolside cabana/changing room, a sunken trampoline, a sand volleyball court, and side-by-side basketball and tennis courts. The landscaped areas that surround the house give way to scrubby, undeveloped hillsides, rugged escarpments, and a distant view of Saddle Peak.

We're not sure if Mister and Missus Smith are looking to significantly lighten their real estate load or if they're simply looking to cash in the currently electrified upper end real estate market but it was recently revealed that the Smiths surreptitiously sold their 7-acre Hawaiian hideaway on the island of Kauai in an off-market deal for around $20 million to Russian real estate baller Dmitry Rybolovlev. Mister Rybolovlev is the very same fella, in case any of y'all somehow don't know, who paid brash real estate mogul Donald Trump a brain freezing $95 million for Maison de L'Amitie—a 33,000 square foot beast of a house on 6.26 acre ocean front acres in Palm Beach that he would like to raze and subdivide. He's also the same guy who shelled out $88 million dollars for financier Sandy Weill's terraced penthouse at 15 Central Park West in New York City and last year dropped another $150+ million for the Greek island of Skorpios and the neighboring island of Sparti.**

Your Mama's research shows Mister and Missus Smith's still impressive property portfolio that includes several properties in Pennsylvania—he was raised up in and around Philly—including a 3.34 acre estate with an 8,000+ square foot mansion in Bryn Mawr, PA. In the Los Angeles area the couple own a 4,100+ square foot mock-Med mini-macmansion in Woodland Hills that they snatched up in August 2010 for $910,000 and way back in 2003 the pampered pair quietly shelled out $3.4 million for a 4.66 acre equine-friendly estate in the guard-gated, star-stocked and equestrian-friendly community of Hidden Hills. It's here, Your Mama thinks but can't confirm, that the Smith family lived while their Calabasas compound was under construction.

*Use yer noggins, nuggets. Although our informant Heidi Hearsay is a hardcore mover and shaker in the real estate game and has provided us with eerily accurate top secret intel many times in the past, Your Mama can't currently vouch for the accuracy of this particular chewy morsel. So, for now, of course, this ain't nuthin' but mouth watering celebrity real estate rumor and gossip, at least until it pops up in of the more respectable property gossip columns.

**At least one of the three purchases listed here were acquired through trusts associated with Mister Rybolovlev's 20-something year old daughter, Ekaterina, but most property gossips assume Poppa Rybolovlev is the the real owner or at least the money behind the brutally pricey purchases.

aerial photo (Calabasas): Bing
photo (Hawaii):