Rsquare to launch commercial real estate services in Vietnam

Rsquare CEO Lee Johnwoo (right) and Shinhan Bank Vietnam CEO Kang Gyu-won pose for a photo at Shinhan Bank Vietnam in Ho Chi Minh City, Vietnam. (R Square)

Korean real estate platform Rsquare announced on Wednesday that it will provide commercial real estate services in Vietnam with the branch of Shinhan Bank in Vietnam.

The company will offer brokerage, asset management, interior construction, residential property consulting and property inspection services to Shinhan Bank Vietnam customers.

According to Rsquare, it has compiled data on more than 10,000 office and commercial buildings in major Vietnamese cities, including Ho Chi Minh City and Hanoi.

“By using our services, we hope many Korean companies will take the opportunity to start business in Vietnam,” an Rsquare official said.

The Vietnamese subsidiary of Rsquare, which started operations in 2021, recently participated in the Star Lake City project in Hanoi, led by Daewoo Engineering & Construction Co. The project involves the construction of two apartment buildings, an office building and a commercial building.

Rsquare has entered into an exclusive agreement with KCN Vietnam, a local property developer, to offer leases on 5.5 square meter units in their industrial complex, factory and warehouses.

Founded in 2009, Rsquare offers commercial real estate services, including office leasing and brokerage, interior design, and real estate data analytics.

By Byun Hye-jin ([email protected])