Celeste Rise: a New Project of Keppel Land
It’s been a fruitful year for Keppel Land so far with successful launches of the Infiniti at Riviera Point Phase 1 and Phase 2 and Palm Garden Phase 2 and decent hand-over of the View at Riviera Point and Palm Heights. Before marking Keppel Land’s further success for another thriving year, this conglomerate will launch another condo project, Celeste Rise in Nha Be District, Ho Chi Minh City in this December, 2019.
With around 350 units in the first phase including:
- 1 Bed: 50m2
- 2 Bed Small: 78m2
- 2 Bed Large: 91m2
- 3 Bed: 105m2
- Handover: Bare or Fully Fitted (including kitchen)
- Estimated Price: VND 40 Million (~1,700 USD) / m2 (Bare Finishing) & VND 45 Million (~1,900 USD) / m2 (Fitted Finishing)
With many good preferential policies and payment schedules, buyers and especially Keppel Land’s fans will have another good chance to possess these excellent assets while it’s very hard to find any new projects now in HCMC with the price lower than 2,000 USD/sqm.
Available Booking Now: 50 Million VND/Booking
The Location of Celeste Rise
Earlier in this quarter, some rumors about a project of Keppel Land in Nha Be was spread. Many questions why Nha Be, a further area from HCMC center comparing to Phu My Hung, District 7.
However, once the news of GS Metro City (Zeitgeits), a 3km away mega project of 350 ha developed by the Korean conglomerate GS Group, will be launched in 12th Jan, 2020, it seems legit why Keppel Land chooses this site to benefit from all of the infrastructure upgrades on Nguyen Huu Tho street as well as the decentralization trend.
Celeste Rise (upper) with 3km away from GS Metro City (Zeitgeist) of GS Group
What are the infrastructure upgrades and the future asset accumulation potential?
The Ben Luc – Long Thanh Expressway is expected to finish next year, boosting Nha Be District’s property price increase at the end of the year. Specifically, Ben Luc – Long Thanh highway is expected to finish next year too. In particular, Long Thoi commune is one of the most beneficial areas when it is directly connected to this expressway through the Nguyen Van Tao intersection. This makes transportation in Long Thoi commune to Binh Chanh and Can Gio districts as well as Long An and Dong Nai provinces very convenient.
The Ben Luc – Long Thanh Expressway is expected to finish next year
The different areas and price in Nha Be District
In addition, a series of traffic infrastructure projects in the South Saigon area also help Nha Be property market to benefit, such as:
- The system of tunnels and overpasses at the crossroads of Nguyen Van Linh – Nguyen Huu Tho;
- Expansion of national highway 50 into 6 lanes and developer new parallel road to national highway 50;
- Thu Thiem Bridge 4 connecting District 7 with District 2 has just been officially started;
- National highways 50 and 62 have been upgraded and operate effectively.
Nha Be Property has sufficient land sites to develop and mature in the future
If District 7 real estate investors gain more than 10 times after only 10 years, the real estate market in Nha Be also has all the potentials to achieve that attractive profit margin, even higher.
In fact, Nha Be area owns a large land fund but the project implementation process is difficult, leading to a shortage of supply. Therefore, the projects can be implemented in this period will be very attractive to investors, especially those with clear legal regulations and tenure.
In addition, Nha Be area has an advantage of port development, thanks to its location on the arterial waterway from the East Sea to Ho Chi Minh City. This is a concentrated area of four major Vietnamese ports located along the Soai Rap River, including:
- SPTC international container port
- Saigon Hiep Phuoc port
- Tan Cang Hiep Phuoc
- Long An international port
In particular, Hiep Phuoc port urban area has a total area of more than 3,900 ha with a population size of about 180,000 by 2020. Major ports will lead to the emergence of industries, port services and a large number of workers, from unskilled workers to senior local experts and expats. Therefore, the demand for property will be much higher. This is the reason that Nha Be is a good spot for potential growth and decent asset appreciation.
GS Metro City (Zeitgeist) of GS Group
Any projects of Keppel Land so far got decent appreciation, such as:
- The Estella: Price increased 2x
- Estella Heights: Price increased 2x
- Palm Heights: Price increased 1.5x
- The View at Riviera Point: Price increased 1.5x
It’s easy to forecast after 2-3 years time, the price of ~1,900USD/sqm of Celeste Rise now can be increased from 1.5x to 2x in this Nha Be Area with so much mentioned potential growth.
Keppel Land will bring to Celeste Rise:
With the criteria of green, clean and civilized living environment, Keppel promises to create a new residential community on the potential Nguyen Huu Tho street. Converging advantage values and great growth potential, the South of Saigon area now attracts new residents to come here, especially young families. A large, safe playground system for children playing with friends after returning from school or playing with family on weekends.
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