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Ruby Plaza :
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Tony Milton MRICS

BSc (Hons) Est Man
MRICS
APREA (CREIF)

About us
Sunday, 11 January 2009

Testimonies : - You have the most expansive Vietnam centric database that I have ever come across on a Vietnam based company's website! (IndoChina Grp - Hong Kong)

 

In Vietnam EasyPropertyInfo is operated by Management Development & Marketing (MDM) Co Ltd which is a licenced Vietnamese real estate company.

 
Qualifications  : Professional Member of the Royal Institution of Chartered Surveyors (MRICS)
: Upper Second BSc (Hons) Degree in Estate Management, Greenwich Uni
 
Valuation Faculty, and
 
Commercial Property Faculty, and
 
Management Consultancy Faculty, and
 
Planning & Development Faculty
 
Corporate Occupier Group (ie Tenant Representation)
 
Tony has lived in Vietnam since 1999 when I worked for Chesterton for 3 years in all professional areas. He has been working with www.ContrastPartners.com for several years advising on real estate investments, and for others via his website www.easypropertyinfo.com ; Management Development & Marketing; Indochina Chartered Appraisers; and business partners including DTZ, VPC Alliance, Asian Appraisal, NAI Global, CitiPlus, Abbo.
Tony is an expert in real estate valuation – investment – development – financing sector. Our spreadsheet is modeled on Estate Master, for ease of use, but expanded upon; a free download (see web front-page).
Tony believes in the development of the REIT industry, so attended the www.aprea.biz CREIF (Certificate of Real Estate Investment and Finance) in 2011 in Singapore. Though the 2011 Vietnam Securities Act has for the first time made specific, passing reference to “real estate investment funds, it is the opinion of many that the concept of a V-REIT is still at least ten years away. Foreign investment is largely limited to Joint Ventures that are largely equity financed. Bank loans are extremely hard to obtain and expensive. In short, Vietnam has failed to develop, legally, as quickly as many had hoped : -
 
- there is no bankruptcy law (in practice), and court system is very slow, with independence and enforcement issues;

- foreigners cannot sub-lease nor assign;


- there is still no compulsory purchase law (nor talk of one);


- foreigners cannot get mortgages, and lenders charge @20% interest;


- it requires VND600bn / $300k+ to establish a valuation company in Vietnam and is complex.


- there is no Landlord-Tenant law (especially regarding security of tenure);


- no cost to ownership (the National Assembly have recently voted against this);


- it has the most expensive housing in the world relative to GDP per capita after Mumbai, New Delhi and Moscow;


- there is no issuing of 100% foreign owned investment licences for real estate in two big cities – the exception proving the rule;


- for there to be a “market” there have to be a certain number of open market transactions. The USA cited ‘real estate’ for Vietnam not being a “Market Economy;


- confidentiality clauses are pervasive

 
Where’s Vietnam going? Perhaps it can best be compared to @1970’s India, or present day Russia’s “phony capitalism”; and some think there will be a North Korean style succession of the dynasties as the elite’s children return home from university in USA, etc.
 
CV
1986                 DeMontford University (Leicester Polytechnic) : Building Surveying
 
1989                 Greenwich University (Thames Polytechnic) : Estate Management
 
1990                 La Brissole French Restaurant, Meribel Mottaret ski resort France
 
1992                 Australia, East coast. During recession. Pacific Fair shopping centre,
Gold Coast, Queensland; Falls Creek ski resort, Victoria
 
1993                 Travelled from Darwin through SE Asia to Taiwan (teaching). Met a New Zealander and Australian who were setting up a tourist bus from Bangkok to Saigon. The first bus in decades arrived via Laos. Due to (provincial) visa and other issues, the tourists were placed under house arrest and eventually deported, once the hurricane had passed. One of the tourists was an American Bangkok based journalist who subsequently wrote an entertaining piece in his magazine.
 
1995                 Britain still in recession. Hartnell Taylor & Cook, Bristol - htcgroup.co.uk
 
 
1997                 Lewis & Tucker in Hanover Square, London
 
 
1998                 Kemsley Whiteley & Ferris in Chelmsford, Essex - kwf.co.uk
 
 
1999                 Edmund Kirby in St James' Square, London - edmundkirby.co.uk
 
Property asset management. Tony provided professional advice to many insurance companies, pension funds and other institutional standard clients and private investors with property portfolios (including shopping centres, offices, industrial parks & residential properties). He provided strategic management advice on all property disposals / sales & marketing; acquisitions / purchases; refurbishments & redevelopment policies; lease surrenders & renegotiation; lease renewals & rent reviews; Schedules of Condition and Dilapidation.
 
2003                 Chesterton Vietnam, Ho Chi Minh City (since acquired by Savills). All
commercial & professional work, and research.
 
Tony provided advice on a wide variety of projects including, large mixed use city centre developments (offices-apartments-retail-leisure), tourism developments, industrial estates and factories, apartment blocks and residential developments. Clients have included foreign property investors and developers including: KPMG - Moscow; DTZ; Centre Point Properties; Keppel Land; Malcolm Properties; Contacts International Hospitality Group - CI Hotels; Pacific Rim Enterprises - South Fork Development Group Vietnam and HSBC, and negotiated for or against numerous on-shore and off-shore Multi-National Clients and investments funds including P&G, Conoco, Mobil & APL Shipping; Mercedes; US Consulate; Arthur Andersen; Zuellig Pharma & British American Tobacco; Guoco Land; Kerry Properties; Mapletree; and Gamuda.
 
Last Updated ( Thursday, 10 March 2011 )
 
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