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JLL's keys to sustainable integrated developments

Released at: 14:18, 26/03/2018

JLL's keys to sustainable integrated developments

Photo: JLL

Report notes what's needed to get the best out of integrated developments.

by Ngoc Lan

The number of integrated development real estate projects has increased substantially within Vietnam’s residential market over the last four years, according to the latest report from JLL Vietnam, but the quality of these developments differs due to the varying levels of experience among developers and the level of funding available.

The report pointed out the keys to sustainable integrated development. First is fresh air and a high-quality landscape, with a focus on shaded areas.

Premium parks and public spaces benefit integrated projects by creating sustainable value economically, socially and environmentally. Green space is a vital part of everyday life for urban Vietnamese. The Ecopark Township in Hung Yen province, 50 minutes away from Hanoi, is a successful case study. Its three major parks occupying almost 10 ha makes it excellent for weekend picnics for both residents and Hanoi city-dwellers alike.

Second is convenient and available transportation. Most integrated projects will be developed in outskirt areas in the future due to land limitations. Close proximity to the CBD is no longer important due to improving infrastructure, but convenient transportation enabling easy travel to surrounding areas is a strong competitive advantage.

In remote areas without available planned infrastructure, developers can look into providing their own transportation, such as shuttle bus services to various key locations within the city.

Third, walkable and lively neighborhoods are also an important element. Vietnamese customarily enjoy walking, spending time in parks, and communicating with their neighbors. Developers should therefore leverage shop house developments along internal roads and main roads to create an active street scene. This has been successfully achieved at the Phu My Hung township in Ho Chi Minh City.

Fourth, careful massing of buildings and a variety in architecture design together with meticulous consideration for human scale will allow for a livable public space. Avoiding a monotonous building expression will provide a delightful pedestrian experience and enhance the living environment. One good example is the Thu Thiem new urban area in Ho Chi Minh City, with careful master planning consulted by Sasaki Ltd.

High-level education infrastructure is the final element, as education is one of the top priorities for Vietnamese parents. This is an opportunity for developers to incorporate schools into the infrastructure and create a competitive edge. Vingroup has been successful by including their schooling operations into their townships.

Other than the plain mono-function residential cluster, the integrated development term refers to a neighborhood or township development with mixed-use components, such as residential, retail, institutions, leisure and more, where residents can live, work and play. It comprises multifunctional and interconnected buildings that focus on the surrounding environment to ensure a harmonious “street-scape” and architecture.

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