Real estate in the central area is expected to grow when Ho Chi Minh City is oriented to become a regional financial center.
According to the assessment of the Global Financial Centers Index (GFCI) in 2021,
Ho Chi Minh City topped the list of 10 potential financial centers to be considered for inclusion in the GFCI's official assessment list. On this journey, as the central district, District 1 will play an important role.
Speaking at a seminar on the project to develop Ho Chi Minh City into an international financial center organized by the People's Committee of Ho Chi Minh City in February, Dr. Nguyen Xuan Thanh - Fulbright University Vietnam said that the international assessment of Ho Chi Minh City potential to become a full-fledged global financial center. He said that the financial center is not a building, a building or a complex, but an ecosystem. This ecosystem is very developed in District 1.
The central business district (CBD) is also expected to be the place to deploy applications of the smart city model in a synchronous manner on a large scale. Applications are developed based on Big Data and AI platforms, bringing better experiences in traffic, services, education, health... This is the general trend of the region and the world and District 1 - where many technology businesses converge will have good conditions to lead this trend.
In addition, District 1 is an area with complete and modern transport infrastructure of Ho Chi Minh City. Thu Thiem 2 Bridge or modern metro lines about to come into operation are the latest highlights. As the administrative and economic center of the largest city in the country, District 1's transportation infrastructure will continue to be prioritized for investment to develop in a more modern, intelligent and synchronous direction.
As a place to welcome global investors, District 1 will continue to be a stopover for corporations, investors, luxury brands... According to Savills, the office occupancy rate in the CBD is at a high level. highest in history with 95%. Iconic buildings, modern buildings, commercial centers, marinas... will appear more, creating a new look for the city.
Not only attracting businesses and economic groups, District 1 is also a destination for elites from other localities. They will bring knowledge, lifestyle, skills… to create a diverse community.
Grand Marina Saigon, a prominent luxury housing project in the heart of District 1, Ho Chi Minh City.
Real estate benefits
With the orientation to become a regional financial center, Ho Chi Minh City's economy is experiencing many positive changes, in which, real estate in the central areas is also expected to develop.
According to the report of the second quarter of Colliers Vietnam, the selling price of primary apartments in Ho Chi Minh City increased by about 5% compared to the first quarter. In District 1, due to the great support of the central location, the strong influence In terms of economy, lifestyle and infrastructure system, real estate projects here are always interested by many investors.
Experts estimate that with projects located in golden locations, the development momentum of District 1 will have a great influence on the future value of the project. Projects in this area have a lot of potential to add value.
In particular, the Grand Marina Saigon project (owning two fronts of Ton Duc Thang - Nguyen Huu Canh streets) of Masterise Group is one of the products launched to the market. The area around Grand Marina Saigon is very modern, luxurious, many high-class services besides internal utilities are also diverse, gathering many famous brands.
“These advantages will help the project add value in the future. The project is desired by many people, the price also increases according to demand, "said the representative of the investor.
The bustle of the surrounding area makes the value of Grand Marina Saigon increase over time
Ms. Thanh MAi – American overseas Vietnamese decided to invest in Grand Marina Saigon for its closed space and quality living conditions. Besides, she also appreciates the potential for profit when it is both suitable for living and investing.