HASCO and Banyan Tree to debut Skypark in Vietnam

Skypark is the first pure branded residence project ever developed by Banyan Tree Group worldwide.

The signing ceremony at the Skypark Atria Saigon project site in Ho Chi Minh City was regarded as historic, holding great significance for both parties.

The event not only signifies the continuation of Banyan Tree Group’s expansion plans in Vietnam, with upcoming projects in Ho Tram, Danang and various other locations throughout the country, but also a milestone in their over decade-long journey to conquer the Vietnamese market.

The Skypark branded residence makes its debut with the luxurious Skypark Atria Saigon apartments, developed in accordance with Banyan Tree Group’s world-class standards.

This demonstrates the group’s determination to continually expand its presence in Vietnam, which is predicted to become one of the most attractive and fastest-growing destinations for branded real estate projects. This partnership also represents a ground-breaking step for HASCO Group within the realm of internationally branded residences. The agreement will be instrumental in realising the group's aspirations to put Vietnam on the global real estate map as a destination for luxury living.

HASCO is a multifaceted corporation with core businesses in mergers and acquisitions and real estate. Skypark Atria Saigon is HASCO's first real estate project in Ho Chi Minh City. Through their cooperation with Banyan Tree Group, the developer aims to bring sustainable values and quality products to its customers.

Speaking at the signing ceremony, Nguyen Van Minh, vice chairman of HASCO Group, expressed his high expectations for the group's maiden development venture in the southern metropolis.

“The partnership with Banyan Tree Group allows us to create a team of developers and project operators with a proven global reputation,” said Nguyen. “Skypark Atria Saigon is set to become a haven of privacy and romance, offering excellent amenities, renowned Banyan Tree quality of service, and unprecedented privileges for our customers.”

Banyan Tree Group is one of the world’s leading independent, multi-branded hospitality groups. Founded in 1994 on the core concept of sustainability, Banyan Tree Group’s diversified portfolio of hotels, resorts, spas, galleries, golf and residences is centred around an ecosystem of 10 global brands, including the award-winning Banyan Tree, Angsana, Cassia, Dhawa and Laguna, as well as the highly anticipated new brands of Homm, Garrya, Folio, and two new Banyan Tree brand extensions, Banyan Tree Escape and Banyan Tree Veya.

Banyan Tree’s global footprint continues to grow with over 50 new hotels and resorts either in the design stage or under construction, in addition to operating over 60 hotels in 17 countries. They are among the few Asian brands that have a competitive advantage over US and European brands, earning over 3,000 prestigious awards from major international organisations worldwide. The group has achieved remarkable success in Vietnam's resort real estate sector and is predicted to have the fastest growth rate among the top six branded residences worldwide.

The collaboration with HASCO Group marks Skypark’s foray into the luxury residential segment in Vietnam. Branded residences developed and operated in collaboration with Banyan Tree are highly coveted by high-net worth individuals who demand high-end real estate products.

“Vietnam is a promising market where we have received numerous collaboration offers. However, we remain steadfast in our core values and refuse to compromise on quality,” said Ho Kwon Ping, executive chairman and founder of Banyan Tree Group.

“We share common values with HASCO Group in terms of core business, customer segmentation, service quality, and our great aspirations for the development of the Skypark Atria Saigon project. Within the next two years, a project proudly co-developed by Banyan Tree and HASCO will appear where I am standing today, in your beautiful country.”

Future residents of Skypark Atria Saigon will also have the privilege of becoming members of the Sanctuary Club, an exclusive scheme designed for property owners under the Banyan Tree Group's brand portfolio. The initiative aims to provide its members a borderless experience across their portfolio of over 60 hotels and resorts in 17 countries worldwide.

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