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Vietnam’s Top Property News – Week 2/2021

Posted by Khoi Pham on January 13, 2021

he top residential and commercial real estate news of the Week 2/2021 and property recommendations:

Information herein has been obtained from sources believed reliable, please analyze and use it at your own responsibility and independently confirm its accuracy and completeness.

The River Thu Thiem (District 2):

  • Ultimate Collection: 12 Penthouses and 12 Pool Villas
  • Unobstructed River View
  • Million Dollars Project

The Metropole Thu Thiem – The Opera Residence (District 2):

  • Available units at the podium
  • 1-3 Bedrooms (60-130m2) Available to Buy Directly from Developer
  • ~6,600USD/m2

Angel Island (Dong Nai Province):

  • Elite Villas/Garden Villas/Grand Villas/Shop Houses from 154m2-360m2
  • First and Unique Island Property with Yacht Marina Entrance MAINLY
  • Million Dollars Project

Aqua City (Dong Nai Provice):

  • Townhouses/Villas/Shophouses from 120m2-360m2
  • Decent Eco Satellite City Adjacent to HCMC
  • Affordable from 300,000 USD

Masteri Centre Point (District 9, Thu Duc City):

  • Developer: Masterise Homes
  • Total scale: 10 towers
  • Unit size: 1 – 4 bedrooms
  • Affordable from 140,000 USD

Lumiere Riverside (District 2):

  • Developer: Masterise Homes
  • Total scale: 2 towers
  • Unit size: 1 – 3 bedrooms
  • Affordable from 280,000 USD

Habana Island Ho Tram:

  • Semi Detached Villas/Single Villas from 160m2-240m2
  • Unique Island Property with View to Ocean and View to River
  • Million Dollars Project

NovaWorld Phan Thiet:

  • Townhouses/Semi Detached Villas/Shophouses from 100m2-150m2
  • Capital Gain Guarantee 13%/year
  • Affordable from 200,000 USD
  • Beach Property

NovaWorld Ho Tram – Tropicana:

  • Townhouses/Semi Detached Villas/Shophouses from 160m2-260m2
  • Capital Gain Guarantee 13%/year
  • Affordable from 300,000 USD
  • Beach Property

Hyatt Regency Ho Tram:

  • Developed by Hyatt Hotels & Resorts
  • President Villa/Beach Front Villa/Sea View Villa/Garden Villa from 290-1000m2
  • Limited 63 units
  • Million Dollars Project
  • Beach Property

Meyhomes Capital Phu Quoc:

  • Developed by Tan A Dai Thanh Awarded with Labor Medal and 25 Years with Good Contributions to Vietnam Economy
  • Is the First and Limited Landed Property with Freehold Tenure on Phu Quoc City (just Upgraded to City)
  • Shophouses from 117-206m2
  • Affordable from 350,000 USD

Phu Quoc Island Granted ‘Island City’ Status

Phu Quoc with strong advantages attracting world-class developers

The Mekong Delta province of Kien Giang has officially announced that Phu Quoc Island will become the country’s first island city.

Speaking at a ceremony held on January 8 to announce the establishment of Phu Quoc city, Deputy Prime Minister Truong Hoa Binh said Phu Quoc has experienced tremendous economic and social growth and urbanization, especially in recent years.

The establishment of Phu Quoc city will play an important role in the province’s socio-economic development and in asserting the country’s sovereignty over its waters and islands.

The island has an international airport, which opened in 2012. International airlines operate both commercial and charter flights to the island. The Government has identified Phu Quoc as one of the destinations in the country that will help revive international tourism after the COVID-19 pandemic is contained, according to Binh.

Phu Quoc is setting Singapore as the model to thrive for with its special features

Blessed with white sand, turquoise beaches and balmy weather nearly year-round, with two-thirds of the island covered in tropical forests, Phu Quoc is a tourism paradise.

It is the largest island in the country at 590,000sqkm, almost the same size as the city-state Singapore, and is known for white-sand beaches and resorts, mostly located along its palm-lined southwestern coast. The Phu Quoc National Park, with mountains, dense tropical jungle, hiking trails and wildlife, covers more than half of the island.

Apart from the natural beauty, tourists are also attracted by the island’s luxury resorts, golf courses, animal safari, and casinos, according to Binh.

The island is geographically close to other parts of Southeast Asia and near several international freight routes, and can be reached in less than two hours by air from major cities in the region.

However, the island faces challenges related to pollution, surging land prices, and a growing population, as well as education, healthcare quality, and safety and security issues, according to Binh.

“Becoming a city will enable Phu Quoc to address these problems,” he said.

Ms. Dang Phuong Hang, General Director of CBRE Vietnam affirmed that the model of developing “all in one”, including 3 key factors as below will be developed well once Phu Quoc grants its city title:

  • High-class trade and service center; a national and Southeast Asian science and technology center;
  • A high-class eco-tourism, resort and entertainment center capable of competing with big and famous tourist destinations of regional and international countries;
  • Financial center of regional stature and one of the driving force to promote socio-economic development of the whole country and the Mekong Delta region.

Source: Vietnamplus

HCMC Speed Up Progress of Key Projects

Metro Line 1 is awaiting for an ASAP kick-start

Ho Chi Minh City is an urban area that plays an important role in Vietnam’s economic development. Ho Chi Minh City is defined as the central sub-region, surrounded by satellites such as Dong Nai- Ba Ria-Vung Tau, Binh Duong, Tay Ninh, Long An and the Mekong River Delta.

Traffic master plan of roads, railways, inland waterways, maritime and aviation for the period 2021-2030, with a vision to 2050 of Ho Chi Minh City and southern provinces is focused as below:

  • Regarding the road, according to the master plan, in the period of 2021-2030, there will be a series of highways connecting Ho Chi Minh City and the surrounding areas to be built. In which, the Trung Luong – My Thuan and Long Thanh – Ben Luc expressways are expected to put into operation in 2021; My Thuan – Can Tho before 2022; The routes of Phan Thiet – Dau Day and Ho Chi Minh City – Long Thanh – Dau Day will be expanded with 10 lanes, HCM City – Moc Bai, Ben Luc – Trung Luong, Bien Hoa – Phu My will be built and put into operation before 2025. The period after 2025 is the routes of Ho Chi Minh City – Chon Thanh and Phu My – Vung Tau. In Ho Chi Minh City area, Ring Road 3 is completed by 2025 and Ring 4 by 2030 (the section connecting international airports Long Thanh before 2025).
  • Regarding the railway, Ho Chi Minh City – Nha Trang high-speed railway is invested in the period 2020-2030, Thu Thiem railway – Long Thanh international airport before 2025 and research on the construction of the Ho Chi Minh City – Can Tho – Ca Mau railway.
  • With internal waterways, sea routes, Gao market canal expanded to handle bottlenecks on inland waterways, Lach market bridge, Nang Hai bridge, Tra On bridge, expected to be invested and completed by 2021; the route connecting from Vam Co estuary through Can Gio to Thi Vai river and Cai Mep – Thi Vai sea cluster is expected to be completed by 2025.
  • In terms of aviation, the project of Long Thanh International Airport has just been started on January 5, 2020.

Source: Zing News

Masterise Homes and Marriott International to Bring Branded Residences to Vietnam

The projects that are currently in the planning stage are located in both Ho Chi Minh City and Hanoi, and will take the lead in introducing the urban branded residences concept in Vietnam.

The branded residences experience, as seen in many developed real estate markets, offers tremendous opportunities in Vietnam amidst rising demand for alternative residential products that offer the next level of luxury living. This positive outlook certainly bodes well for upcoming co-operation projects between Masterise Homes and Marriott International.

Representatives from Masterise Homes, Marriott International, and guests at the signing ceremony

Grand Marina Saigon, the first highly anticipated project, is situated at a distinct location in the heart of Ho Chi Minh City. Its site is the last remaining vast land plot at the northern bank of the river within District 1, with a unique waterfront and historical background.

The development is a large-scale, mixed-use complex with residential, office, and commercial features. It is expected to be Marriott International’s largest branded residence project in the world, and the company’s first foray into Vietnam’s highly vibrant branded residential market segment.

Source: Vietnam Investment Review

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