Many investors have developed a series of high-end projects to help Thu Duc City become the dominant area in terms of apartment supply in recent years.
In fact, from the end of last year until now, Thu Duc City has recorded many apartment projects open for sale in a row. In which, many big investors launched projects such as The Beverly by Vinhomes, Masteri Center Point and Lumiere Boulevard by Masterise Group, The River Thu Thiem by Refico & CII, King Crown Infinity by Refico & CII BCG Land, HT Pearl of Dat Xanh Group, The 9 Stellars of Son Kim Land, MT EastMark City of Dien Phuc Thanh, Fiato Premier of Thang Long Real Group… Data from real estate portal Vhome shows that from the beginning of the year Up to now, 3/10 projects with the most searches are located in the above area.
Areas leading the market supply
Reports of the first quarter of 2022 of market research units such as CBRE Vietnam or JLL all rated Thu Duc City as an area that maintained good growth in apartment supply. In particular, CBRE Vietnam once recorded a mid-end project in Thu Duc City with a selling price 24% higher than the regional average and also a project with a selling price difference compared to the highest area in the city. .
The report of Savills clearly states that two new high-end projects, Lumière riverside and King Crown Infinity in Ho Chi Minh City. Thu Duc accounts for 33% of the total new apartment supply in the city. In the first 9 months of the year, this unit forecasts that, thanks to Metro Line 1 preparing to operate and speeding up the progress of Ring Road 3, new urban areas in districts with high urbanization rates such as District 2, District 9 (now Thu Duc City) and District 7 are still the main suppliers in the future, accounting for 44% of the market share.
According to JLL Vietnam, the mid-end apartment segment in Ho Chi Minh City continues to lead the supply, contributing 80% in the first quarter of the year with Vinhomes Grand Park (Thu Duc City) and Sunshine Diamond River (District 7). ). Vacant land fund in the center is increasingly limited while the infrastructure in the gateway areas of Ho Chi Minh City has been completed, which is the driving force to attract more and more buyers to move out to the suburbs.
This unit expects the supply in 2021 to be better than before, with new sales expected to reach 20,000-25,000 units. Projects mainly come from the eastern and southern gateways of the city. The introduction of large-scale integrated projects in suburban areas with many practical utilities for the formation of new residential communities here, so the market sentiment will be promoted towards sustainability. .
Developing high-end product lines
According to a representative of Masterise Homes, Thu Duc City has many investment and business opportunities as well as increasing the value of real estate. Over the past time, this brand has continuously launched many products with good absorption rates. In the first quarter of the year, Masterise Homes introduced the luxury project Lumière Riverside in Thao Dien area, District 2 and the branded residences project named Grand Marina Saigon. In particular, the project The Global City
Masterise Homes cooperates with big brands such as Marriott, JW Marriott, The Ritz-Carlton, Foster and Partner, etc., marking its presence on the super luxury real estate map. The outstanding project is Lumiere Boulevard located in the heart of the Grand Park urban area in Thu Duc City, with a scale of 10 towers with 22-39 floors. The project develops in the direction of a high-quality compound area, raising living standards. A representative of Masterise Homes said that customers' tastes in luxury apartments are increasingly demanding. For successful people, they focus on finding sustainable values in their own home. Therefore, in addition to the prime location, today's luxury apartments must be upgraded in terms of living space, full utilities, civilized community, increasing value over time.
“We have chosen the potential drop-off point for the region's real estate demand and have well caught up with the demanding tastes of high-end apartments of customers in Ho Chi Minh City. Thu Duc", said Masterise Homes representative.
Lumiere Boulevard offers future residents the privilege of enjoying a private space with an international standard of living at the heart of Vinhomes Grand Park in the east of Ho Chi Minh City.
Lumiere Boulevard is expected to bring future residents a private space with international living standards. Building management services are directly managed by Masterise Property Management. During the period affected by the Covid-19 epidemic, this company, with many years of building management experience, has compiled a guide for residents, regularly adjusted and updated, and applied it professionally. in already operated projects such as Masteri Thao Dien, Masteri An Phu, Millennium... This is highly appreciated by residents, giving them peace of mind when living in projects developed by Masterise Homes.
