Research and Markets: Boom in Commercial Building Construction in Vietnam Buoys the Integrated Facilities Management Services Market
01/12/2009
The integrated facilities management (IFM) services market in Vietnam is at a very early stage of development and awareness for these services is low. Key drivers for the market are presence of multinational companies in Vietnam and high construction activities in cities. Major restraints for the market are limited awareness regarding IFM services and their benefits, preference to manage facilities in-house and presence of abundant small local specialized FM service providers. The IFM services market in Vietnam, though small currently, has a huge potential to grow as the awareness for these services grows in future. Growth will primarily be driven by multinational offices in sectors such as banking, IT and telecom.The fledgling IFM services market in Vietnam is all set to grow due to a spate of construction activities in Vietnam, especially in the commercial office space in cities such as Hanoi and Ho Chi Minh City. In fact, in Ho Chi Minh City, grade A office space is likely to increase to three times its current size between 2009 and 2011. Hanoi is also expected to experience significant expansion of office space in 2009, and the overall occupancy is projected to be around 90 percent. The presence of multinational companies in the country will considerably up the ante in construction industry, as they will be more inclined to use state-of-the-art technologies in their commercial buildings. Not only will these buildings be more technologically advanced, but their facilities will also be managed more professionally. "As the new buildings will have to adhere to stringent environmental norms, the demand for environmental consulting, as part of the IFM service offering, is anticipated to swell," says the analyst of this research.
The Financial Express
Demand for realty facilities mgmt surges 18% this fiscal
01/11/2009
Demand from top corporates and banks for sourcing facilities management solutions (FMS), which helps maintain properties as per international standards and includes taking care of maintenance, equipment and operations, has gained 15%-18% between April to October 2009.Demand growth was 25%-30% during financial year 2007-08. But demand from the retail sector for outsourcing FMS has fallen 50% in tier II and tier III cities as retail companies are rather opting to manage malls themselves. Naushad Panjwani, executive director, Knight Frank India, told FE, “This facility is to maintain properties at the level of international standards, making them energy efficient, thereby ensuring that clients are free to concentrate on their core business without becoming involved with routine property maintenance issues. As a result, corporates are able to save on rental costs.”
Yahoo Finance
New Commercial Buildings Cement Integrated Facilities Management's Prospects in Vietnam, Finds Frost & Sullivan
01/11/2009
The Vietnamese integrated facilities management (IFM) services market is poised grow, thanks to a spate of construction activities, especially in the commercial office space in cities such as Hanoi and Ho Chi Minh City. In fact, in Ho Chi Minh City, grade A office space is likely to increase to three times its current size between 2009 and 2011. Hanoi is also expected to experience signification expansion of office space in 2009, and the overall occupancy is projected to be around 90 percent.New analysis from Frost & Sullivan (http://www.buildingtechnologies.frost.com), Integrated Facilities Management (IFM) Services Market in Vietnam, finds that market earned revenues of $1.2 million in 2008 and estimates this to reach $12.9 million by 2015.The presence of multinational companies in the country will considerably up the ante in the construction industry, as they will be more inclined to use state-of-the-art technologies in their commercial buildings. Not only will these buildings be more technologically advanced, but their facilities will also be managed more professionally."As the new buildings will have to adhere to stringent environmental norms, the demand for environmental consulting, as part of the IFM service offering, is anticipated to swell," says Frost & Sullivan Research Analyst Ranajay Dasgupta.While IFM service providers will be heartened by the opportunities opening up, their market expansion plans will be hampered by the low awareness levels of their potential customers.Building owners are reluctant to outsource the entire management of their facility to expensive third-party IFM service providers and instead, prefer to manage them in-house or out-task to specialized facilities management service providers such as cleaners or security service providers. This is because in Vietnam, facilities management is considered no different from routine cleaning and maintenance tasks.
Macau Daily Times
Asia Pacific real estate more willing to invest in sustainability
01/03/2009
Corporate Real Estate (CRE) Executives in Asia Pacific are more willing than their global counterparts to continue investing in sustainability, according to Chris Wallbank, Asia Pacific Head of Energy and Sustainability Services at Jones Lang LaSalle. However, on a global basis, there is a decrease in the number of companies willing to pay more for green buildings today, as indicated by the results of the second global sustainability survey jointly carried out by Jones Lang LaSalle and CoreNet Global.
Bangkok Post
Facility managing essential in slump
01/05/2009
Thailand's building maintenance and facility management industry is set to raise its profile as building owners seek to trim costs in the downturn, said Rex Tanasak Ruangteprat, the president of the Thailand Facility Management Association.Many companies are also starting to use facility management solutions to promote their images or corporate social responsibility engagement, he said. Some companies have even opened their facilities to the public as parks.
Official Wire
The Facilities Management Market In India Is Expected To Reach US$6 Bn By 2012
01/10/2009
Facilities Management Services market in India has immense potential and is expected to reach USD 6 bn by 2012. Many international property consultants have entered the market in metros and are expanding in Tier I and Tier II cities as well. However, only a small segment is organized in this space and major players are looking for acquisitions and joint ventures to expand their business.
FM Link
FM:Systems partners with SIMEKS Malaysia, expanding Asia-Pacific presence
01/10/2008
FM:Systems, a leading provider of integrated workplace management systems (IWMS) and computer-aided facility management (CAFM) software, has announced a new business partnership with SIMEKS Malaysia, a software firm providing IT solutions and facilities management consultancy services. The partnership provides SIMEKS Malaysia with FM:Systems training, support and software to use and recommend to its customers.
Cisco
COMPANY WEBSITE
Integrated IP Network Enables the Integration of Telephony, Security and Facilities Management
01/03/2009
TOKYO - Cisco Systems Godo Kaisha (President & CEO: Edzard Overbeek; Address: Akasaka, Minato-ku, Tokyo; Cisco) announced that Kinki Labour Bank (Chairman: Yoshihito Ishibashi; Address: 1-12-1 Edobori, Nishi-ku, Osaka-shi, Osaka; Kinki Rokin) has adopted Cisco products in the network infrastructure of the bank’s new headquarters, integrating business systems, unified communications, physical security systems and digital signage.Building monitoring systems and control systems for air conditioning and lighting are connected to IP networks. The head office building’s network is also connected to branches via a wide-area network, and in common with the head office, these branches are able to use unified communications and information systems.
Colliers Internationational
COMPANY WEBSITE
Global industrial markets feel effects of slowdown
01/08/2008
Industrial markets around the world are beginning to feel the effects of the global slowdown, however the Asia Pacific region has remained relatively strong, according to the findings in Colliers International’s Midyear 2008 Global Industrial report.The research found Asia Pacific region was the growth leader for the first half of 2008, with China and India leading the way.This same pattern is expected to continue for the balance of 2008 and into 2009; although with global economy slowing even the Asia Pacific region will post slower growth,” said Ms Spark.
Jones Lang Lasalle Inc.
FM Link
Jones Lang LaSalle: 40 cities show promising development in China
01/04/2009
Forty Tier II and III cities in China will be on the radar of property occupiers, investors, and developers over the next decade, according to Jones Lang LaSalle's latest research report, "China40—The Rising Urban Stars." The report also identified which of the 40 cities will have the potential to emerge as real estate winners in the office, logistics, and retail sectors.
Jones Lang Lasalle Inc.
Manila Bulletin Publishing Corporation
BPOs outsource facilities mgmt to bring down costs
01/10/2009
According to a Jones Lang LaSalle study of eight leading global organizations, the management of the real estate occupied by businesses is being outsourced to organizations with expertise in this field in addition to outsourcing customer relations and accounting services.It notes, companies are outsourcing the management of their real estate facilities in order to cut costs and to improve organizational productivity by freeing their time from tactical services to focus on strategic relationship management.“In our experience, cost savings ranging from 10 percent up to 25 percent can be achieved by organizations that are outsourcing their facilities management for the first time,” said Marina Krishnan, head of Integrated Facilities Management Southeast Asia for Jones Lang LaSalle.Krishnan said that, in the Philippines, areas such as housekeeping, security, maintenance, and car fleet management, among other services are usually assigned to an administration department
Synergis Management Services
Quamnet
Synergis 9-Month Net Profit HK$21.2 Mln
01/03/2009
Synergis (2340) said its net profit was HK$21.2 million for the nine months ended 31 December 2008. Revenue was HK$351 million, while gross profit was HK$68.4 million. Basic earnings per share were 6.4 HK cents. The board recommends a final dividend of 2.5 HK cents, representing a total dividend of 20.6 HK cents per year. The group added that as it changed its financial year end date from 31 March to 31 December, the annual results this time only reflect the group's performance for a period of 9 months.During the period, property and facilities management remained as the group's core businesses, contributing 90% of the total revenue. In the Hong Kong market, the group continued expanding its property and facility management portfolio. The group managed a total of 244 sites including about 161,500 residential units in Hong Kong, with a substantial increase by 31% as compared to last financial year.In addition, the group worked closely with a developer in Macau on providing premium property management consultancy services. The group also made a significant stride in the China mainland market through providing large-scale consultancy and management service to renowned developers and real estate investment funds in Shanghai, Suzhou and Beijing.
