We have a singular vision at EZLand: to provide the people of Vietnam with quality and sustainable housing they can afford. We combine local Vietnamese insights and expertise; European roots; and decades of global knowledge and experience to deliver innovative housing solutions.
Vietnam is changing rapidly. Today, it is one of the world’s fastest-growing economies, with the GDP growth in urban areas such as Ho Chi Minh City among the fastest in Asia. These demographic and economic developments have led to a shortfall in housing for Vietnam’s younger generation. EZLand is addressing this situation through the provision of quality housing in key areas of Ho Chi Minh City, while providing a wealth of investment opportunities.
With the support of private and institutional capital as well as extensive experience in the real estate and finance sectors, EZLand aims to meet the upsurge in demand for housing while building a better future for the people of Vietnam.
Dung Do Ngoc
Chief Executive Officer, EZLand
Olivier Dung Do Ngoc is an astute investor and entrepreneur. He received a doctoral degree in Finance from the Polytechnic University in Hong Kong and an MBA from Columbia Business School in New York, USA . Before moving to Vietnam in 2007 to set up his own boutique investment fund, he spent 14 years with JPMorgan in Europe and Asia.
In 2014, Olivier founded EZLand on the successful track record of that first investment fund of various high-profile hospitality, real estate, venture capital and private equity projects. He honed his expertise in the development and operation of businesses in Vietnam over the last decade and during this time, forged extensive relationships within the local industry, while building his knowledge in local governance, tax and real estate laws.
Olivier’s Vietnamese and Luxembourgish heritages give him excellent insight into the local and Western cultures, consumer behaviours and real estate markets. He is an active participant in Corporate Social Responsibility sector and serves on the boards of various domestic and regional companies. He also has a keen interest in Vietnamese art.
We gather a diverse group of professionals, each with a wealth of experience and a proven track record in the fields of investment and real estate in Vietnam. Most of the members have worked together for more than five years, building a strong dynamic team and corporate culture.
Through the initial projects under the Haus brand, they have demonstrated that their combined industry expertise, team cohesion and commitment to international standards result in a profound understanding of the local market – creating additional values for EZLand’s customers and fund investors in the process.
Each team within the group’s organisation is well-positioned to deliver on the platform provided by EZLand and to capitalise on opportunities created by the fast- growing urban middle class. All the while, the EZLand management team continues to provide international investors with unique access to the Vietnamese market and its growth story.
The principles that define EZLand:
We work towards becoming a transparent, credible developer that consumers and partners can trust.
We deliver well-designed, long-lasting products that offer customers a sound investment opportunity.
We strive to be thoughtful in everything we do, from planning to execution.
We have a genuine and unwavering commitment to sustainable development.
TOP CONSUMER NEEDS
The top considerations when buying an apartment unit are:
Apartments priced from VND 1.1 billion - 1.9 billion (USD 48,000 - USD 82,000).
A maximum of 35-minute transit time to the city centre.
Guards, CCTV, safe roads, child and fire safety measures.
Consistency between what is promised and the final quality of the properties’ materials and finishes.
Good property maintenance and family-friendly facilities.
VIETNAM'S MARKET FUNDAMENTALS
Ho Chi Minh City is the first destination to be chosen for development projects by EZLand. The city’s rapidly growing population (average of 2.28 percent of growth per year) has reached 13 million including registered and unregistered residents, making it the most densely populated city in Vietnam. This growth boosts a demand for apartments, as many young couples and families seek quality affordable houses.
Furthermore, Ho Chi Minh City is one of the fastest developing cities in Asia in terms of GDP, with strong growth forecast for at least the next four years. Urban expansion has led to land shortage in the city centre, which shifts people towards Ho Chi Minh City’s suburban areas, especially Thu Duc City. Infrastructure in these areas has been rapidly developing with new expressways, bridges, an international airport and additional Metro train lines.
Total Development Budget
Residential Floor Efficiency
HausNeo promotes a European-inspired lifestyle through modern, high-quality amenities. Units are designed in an intuitive, functional way to maximise space and improve standards of living, while the overall architecture promotes the growth of a strong residential community.
Strategically located in the East of Thu Duc City, HausNeo’s residents easily access the airport, the central business districts, and the Hi-Tech Park.
Featuring 568 units over 18 floors and a total development budget of over USD 25 million, the building boasts an impressive 88.2.9 percent of residential floor efficiency. State-of-the-art facilities include a swimming pool, a communal rooftop, a kindergarten, a community room, car parking, and 1,679sqm of greenery area.
HausNeo was awarded the EDGE Green Building Certification by IFC. Accordingly, the project reaches the average savings of 28 percent Energy, 32 percent Water, and 45 percent less Embodied Energy in materials. These figures made HausNeo an ideal option for any homebuyers, not only due to its environmentally friendliness but also more money savings in the long-term.
CBRE was chosen as the strategic operation – management partner for HausNeo in the first year of operation. As one of the global leaders in Asset Services, including prime commercial, retail, residential, and industrial real estate, CBRE brought the highest satisfaction to the HausNeo residents.
In August 2019, HausNeo was officially occupied, ahead of schedule.
Total Development Budget
HausBelo offers a peaceful and carefree lifestyle, which is a harmonious mix of modern European style and colourful Asian culture, in a place that owners can proudly call home.
Centrally located in the East of Thu Duc City, Ho Chi Minh City, HausBelo consists of three 15-story towers that contain 911 units – nearly doubles the scale of HausNeo.
HausBelo is more than just a place to live. It is where moments are shared and lasting memories are made; a cosy haven to return to at the end of each day and a personal sanctuary to enjoy with loved ones.
By adopting sustainable features, HausBelo was also awarded the EDGE Green Building Certification by IFC. The project reaches the average savings of 29 percent Energy, 33 percent Water and 40 percent less Embodied Energy in materials. These efficiencies contribute to reducing monthly electricity and water bills, which indirectly curb CO2 emissions and provide a clean, friendly living environment.
HausBelo was also awarded the Best Mid-Market Residential Condominium in Southeast Asia by DotProperty in 2018.
Responsible investment and development are two key priorities of EZLand. We prioritise the long-term interests of our stakeholders and seek to be recognised as a real estate developer of the highest safety and ethical standards in Vietnam. Our vision is to build a solid foundation and sustainable future for the prosperity and people here.
We understand the importance of non-financial factors (Environment – Social – Governance – ESG) in our investment performance and long-term business sustainability. That is why, in 2020, we became the first Vietnam-based real estate developer to become GRESB benchmarked with the score of 71/100. Assessing our operation through the GRESB framework helps us identify the ESG risks to the company’s operation and develop a stronger governance foundation, especially in regards to fiduciary duty and fraud protection.
In 2021, we continue expanding our ESG commitment by becoming the third signatory of the United Nations-supported Principles for Responsible Investment (UNPRI). With this, EZLand seeks to enhance the investors’ returns through minimising ESG risks and incorporating ESG considerations into all decisions.
For every project that we develop, EZLand sets out to reduce the energy consumption and create a healthy living environment for our residents. The Company was awarded the EDGE Champion in 2019 by IFC – for having all of projects certified by EDGE. The EDGE Green Building Certifications signify that our projects perform at least 20 percent better than the current market in resource efficiency, including electricity, water and embodied energy.
While COVID-19 might have delayed some of our milestones for this year, the pandemic and its impacts reinforced our belief that we are already on the right path. We know that there is much more to accomplish and our ESG journey is still long ahead but we believe sustainable development is a business imperative and our responsibility.
Corporate Citizenship is the recognition we are working to achieve in 2021 and onwards, which lets us – as a company to fulfill the rights and responsibilities of a citizen.
Adopting Corporate Citizenship policies enables us to drive employee commitment, develop more sustainable projects, increase customer loyalty, attract investments, and build up a positive reputation. All of these benefit EZLand’s overall business performance.
Our first efforts include:
- Training and developing employees’ skills and morale
- Improving the operation and management of current and upcoming projects
- Enhancing the neighborhoods in/near our project areas
- Collaborating with NGOs and NPOs partners to support our larger communities through charities and volunteer works
- Searching for new green initiatives and solutions to build more environmentally-friendly apartments while keeping the unit selling price reasonable.