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News Release

Bangkok

Jones Lang LaSalle launches new online property management tool in Thailand

New innovations expected to help the firm achieve its 15% growth target for property management business this year


Jones Lang LaSalle has introduced a new property management software system into Thailand. Called, OneView, the Information Technology platform allows comprehensive reporting from a central source which can be easily accessed by clients whose property is managed by Jones Lang LaSalle.

Mrs. Suphin Mechuchep, Managing Director of Jones Lang LaSalle Thailand, says “With over 2.3 million sqm of property under management in Thailand, we are the country’s largest international property management service provider. Among many factors that put us in this market leading position is our innovation. We continue to develop various value added management tools that help us deliver quality management, which will help clients maintain or increase their property asset value despite a property market downturn.” 
 
OneView provides a comprehensive range of reporting features including up-to-date financial statements, budget analyses, inventory and spend information, monthly maintenance reports, and an e-ticketing system which allows clients to track work requests.
 
Mr. Dexter Norville, Head of Estate Management, a subdivision of Jones Lang LaSalle’s Property Management, focusing on luxury condominiums and villas in Phuket, says “The fact that OneView allows our clients to access a central source of reports online helps provide transparency which is an ever increasingly important factor for long term successful business relationships”.

“This system is not only good for our clients but also good for ourselves as we have the ability to monitor works progress and expenditures from an easy central data file. This allows us to make educated management decisions into efficiencies and effectiveness of certain procedure and initiatives we may be implementing at certain properties,” he adds.

Jones Lang LaSalle has also bolstered there accounting capabilities by rolling out the MRI accounts software across their portfolio of property under management Thailand. MRI modules include applications for accounts payable, accounts receivable, general ledger, facility management, leasing, lease management, budget forecasting, report writing, development and construction planning and executive analysis tools.

“By continuing to support our operations and developing better working practices and management tools, we will continue to be able to help our clients enhance their property asset values, which will consequently enable us to keep expanding our business,” says Mr. Norville.

Jones Lang LaSalle property management business grew by 14% year on year in 2008. The portfolio of property under management by the firm includes a number of Bangkok’s landmark buildings such as Empire Tower, Abdulrahim Place 990 Rama IV, Chamchuree Square, Park Chidlom and Interchange 21. The firm is also managing a number of high-profile luxury condominium developments and villas in Phuket such as The Cape villas, Kata Gardens, and Patong Tower, the only high-rise condominium building located along Patong Beach. Jones Lang LaSalle expects to grow its property management business by 15% this year.