After nearly 1 year since launching the real estate "export" plan, Masterise Homes has consistently made an impression on international customers, achieving initial successes with customers in Singapore.
The journey of real estate "export"
October 2022: Signed a strategic cooperation agreement with Druce – a business partner from the United Kingdom, and jointly organized events to introduce two high-end Vietnamese real estate projects in Singapore.
March 2023: "Opening doors" to welcome international partners and customers to Vietnam for direct visits to the projects, receiving positive feedback on quality, design, and planning.
May 2023: Signing agreements to bring 6 renowned Singaporean F&B companies to Vietnam for development within The Global City urban area, moving closer to the goal of transforming SOHO into the most anticipated international-standard commercial area in Vietnam.
Committed to the "global expansion" plan, Masterise Homes has carved out its own path,
Bringing in the "foreign" flow to stimulate liquidity for the domestic market, the second half of 2023 – a period when many projects are scheduled for handover – holds the promise of new milestones, reaffirming the international quality crafted by Masterise Homes.
Scale of the Grand Marina Bason project
| Name of project: | Branded apartments Grand Marina Saigon |
| Location: | No. 2 Ton Duc Thang, Ben Nghe Ward, District 1, City. Ho Chi Minh. |
| Investment unit: | Masterise Homes – Member of Masterise Group |
| International Partners: | Marriott International, AB Concept, Atkins, Aurecon, HBA, Mace |
| Product Positioning: | The first branded residences in Vietnam, offering 365 days of experience at a 5-star Marriott International hotel |
| Construction general: | Delta& Newtecons |
| Management and Operation: | Marriott International |
| Distributor: | Thuan Hung Group |
| Type of apartment: | Studio, 1PN, 1PN+, 2PN, 3PN, DualKey, Penhouse |
| Project scale: | 10hecta, including 8 towers with more than 4,200 super luxury apartments |
| Project Legal: | Full legal |
| Ownership: | Vietnamese own long-term, foreigners (NNN) own 50 years. |
| Project status: | Open for sale at Sea, Lake, Cove |
| Price: | Lake Court: 14,000 - 16,000 USD/m Cove Court: 17,000 - 18,000 USD/m Sea Court: 18,000 - 20,000 USD/m |
Project Progress in Q3/2023
The Global City project's scale is significant
| Name of project: | The Global City |
| Location: | An Phu Ward, Thu Duc City, Ho Chi Minh City |
| Investment unit: | Masterise Homes |
| Development unit: | Masterise Homes |
| Design unit: | Foster and Partner |
| Construction general: | Central, Delta, An Phong… |
| Management and Operation: | Artelia |
| Distributor: | Thuan Hung Group |
| Type of apartment: | Apartment, commercial townhouses, villas, office buildings... |
| Project scale: | 1.174.221,9 m² |
| Building density: | 30% |
| Utilities: | A 4.1-hectare Grade A commercial center, spanning over 125,000 square meters of floor space. A 2-kilometer-long canal - "The Canal of Love" - also known as the Bay of Love, featuring the largest modern water music system in Southeast Asia. Nearly 13 hectares of green space. An integrated system of international schools and hospitals. |
| Commencement – handover: | From 2021 to 2024 (48 months) |
| Ownership: | Vietnamese own long-term, foreigners (NNN) own 50 years. |
| Project status: | Currently developing the SOHO townhouses/Shophouses sub-zone |
Project Progress in Q3/2023
