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Grand Marina Saigon: the first-ever JW Marriott & Marriott Branded Residences in Vietnam

Posted by Khoi Pham on February 21, 2021

After the Lunar New Year, the central real estate market in HCMC is kicked off with many new launch news, unique and classy, in harmony with the bustling atmosphere of the spring. The most outstanding one is probably from Masterise Homes with the initial information, revealing the branded residences project located at the prime riverside location of the city center, Ba Son: Grand Marina Saigon, the first-ever JW Marriott & Marriott branded residences in Vietnam.

Together with Realtique, let’s go through the initial information of the project:

  • Project name: Grand Marina Saigon
  • Location: No. 2, Ton Duc Thang, Ben Nghe Ward, District 1, HCMC

The location is featured around with:

  • 1 minute: to private and public schools and Ba Son Metro Station (under construction)
  • 5 minutes: to the Opera House, Nguyen Hue Street, Notre Dame Cathedral
  • 7 minutes: to the Independence Palace, Ben Thanh Market
  • 15 minutes: to Tan Son Nhat airport

Grand Marina Saigon location, the most favorable location in the city center. HCM, near river, near Metro

  • Developer: Masterise Homes
  • Scale: 10ha (3 apartment buildings, 1 commercial center building). Apartments: 2 buildings with 47 floors and 1 building with 36 floors. Commercial Center: 60 floors high
  • Type of product: Apartment, shophouse, officetel, office, commercial
  • Expected implementation time: Quarter 2/2021
  • Expected completion time: Quarter 2/2024
  • Ownership: free hold for Vietnamese and 50 years for foreigners

The historical signing ceremony between Masterise Homes and Marriott International

It took place on January 6, 2021 at Sheraton Saigon Hotel with representatives of both parties, the US Consulate in Vietnam, and AmCham Vietnam in attendance.

The joint efforts of the two entities – each bringing their impressive experience and expansive expertise in property development and hospitality management – aim to bring the ultra-luxury residential product concept of branded residences to Vietnam, elevating and changing the local residential landscape to truly global luxury standards.

The partnership also underscores Masterise Homes’s position as Vietnam’s leading real estate player, reflecting its six-year transformation to become a reputable world-class property developer.

The agreement is expected to deliver unparalleled luxury living in Vietnam and is set to allow Masterise Homes to extend its development expertise into Vietnam’s fast-growing luxury real estate market, leveraging Marriott International’s global brands such as Marriott, JW Marriott, and especially The Ritz-Carlton – one of the best-known superior luxury brands of Marriott – to introduce urban branded residences to the Vietnamese property market.

First images of Grand Marina Saigon is revealing

“Masterise Homes has been building renowned properties in Vietnam and we have solidified our position as an industry leader given our focus on building a real estate ecosystem with premier international standards. Our collaboration with Marriott International is another feather in our cap and, given their global standing, further highlights our capabilities to deliver the best living experiences with world-class standards to our residents,” said Jason Turnbull, deputy managing director cum CFO at Masterise Homes.

Marriott International is one of the world’s leading hoteliers

Since its first hotel opened in 1957, the company now encompasses a portfolio of over 7,500 properties spanning 132 countries and territories.

While premium brands like Marriott offer sophisticated spaces and experiences for upscale customers, luxury brands such as JW Marriott and The Ritz-Carlton provide exceptional bespoke services and amenities that define a new era of luxury.

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.

“Our development will be associated with some of the most renowned brands in Marriott International’s portfolio, such as Marriott, JW Marriott, and The Ritz Carlton – which will be the first residences of these brands in Vietnam. Their design, development, management, and operation standards will follow the same requirements of any branded residence that carries the same brand around the globe, offering global citizens a privilege to experience world-class ultra-luxury living that is similar to a 5-star JW Marriott branded residence in London or a Ritz Carlton in New York,” added Turnbull.

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

Grand Marina Saigon, the first highly anticipated project

It 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.

The development will also position Masterise Homes as one of the largest real estate players in Ho Chi Minh City, supporting Marriott International’s global portfolio of properties. The complex, envisioned to be ultra-luxe, is set to be a highly exclusive and dynamic community and economic hub at the heart of Ho Chi Minh City, attracting Vietnam’s tastemakers as well as international high-net-worth individuals.

Masterise Homes is the member of Masterise Group that manages and develops all residential real estate brands of the group. With its customer-centric philosophy, Masterise Homes relentlessly applies world-class standards in all its developments.

World-class partners building Grand Marina Saigon

Contact Realtique for more information regarding Grand Marina Saigon:

Email Support (24H): We know you will have a lot questions. Send us an email and we will get back to you within 1 working day.

Realtique Co., LTD

+84903186378 (Whatsapp/Viber/Zalo/Wechat)

[email protected]

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