This billion-dollar project in District 2 is causing a stir in the real estate market at the end of the year with the latest information from the project developer, Masterise Homes.
Location of The Global City project (former name Saigon Binh An).
Recently, the website of Masterise Homes has revealed information about a new project called The Global City located in the center of Ho Chi Minh City. According to research, this is a billion-dollar super project with the old name of Saigon Binh An Urban Area. The project has an area of 117 hectares, located next to the Saigon Sports City complex and adjacent to the Long Thanh - Dau Giay highway.
Revived after more than 20 years
The project was approved by the People's Committee of Ho Chi Minh City for investment on a land area with a total area of 120 hectares located in An Phu ward in January 1999. After that, the project was approved to add the utility of An Phu golf course, increasing the project area to 137.4 hectares in 2000. On this basis, the project has a decision to recover and allocate land to SDI Corp. January 2001. At this time, the project is called the golf, sports and housing complex, with the commercial name of Saigon Golf Country Club and Residences.
After many adjustments to the planning, the total area of the land area is about 117.4 hectares according to Decision No. 6296/QD-UBND on approval of detailed planning 1/500 dated 30/11/2015. After more than 20 years of implementation, on March 18, 2021, contractor An Phong Construction organized the groundbreaking of the project. As noted, many internal infrastructure items of the Saigon Binh An project have been built.
By about August 2021, the project was rumored to be in the hands of "big man" Masterise when SDI changed its business registration and transferred personnel holding the position of Chairman of the Board of Directors. According to statistics, up to now, the total value mobilized through bonds related to the project planned and implemented in the period of 2021 and the first days of 2022 is up to 22,075 billion VND (nearly 1 billion USD).
In the last days of January 2022, before the Lunar New Year, Masterise Homes suddenly revealed a new project called The Global City. According to the information of the project distribution units, this is the new commercial name of the Saigon Binh An project.
Website Masterise Homes announced about The Global City.
With the new name, the project is oriented to become a global, iconic city of Southeast Asia with many subdivisions: apartments, low-rises, villas, social housing, schools, hospitals. With the advantage of a large land fund and a relatively complete transport infrastructure system, The Global City project is expected to be a highlight of a modern urban area and post-planned urban planning. of Ho Chi Minh City, becoming a core urban area with strong attraction in the East.
Transformation at the hands of a new project developer?
Over the years, Masterise Homes has risen to become a new force in the real estate industry. This company has purchased a series of projects with prime locations, especially in Ho Chi Minh City to serve its strategy of developing high-end and high-end real estate. Among them are some notable projects such as Grand Marina, Saigon in the center of District 1 and The Grand Hanoi on the golden land of Hang Bai. These are two projects associated with the strategic partnership between Masterise Homes and Marriott International Group - the world's leading hotel group and also the leader in the scale of the worldwide branded real estate portfolio. bridge.
That strategy of cooperation with the world's leading names is also applied by Masterise Homes in The Global City project. It is known that the design partner of this urban area is Foster and Partners - the UK's largest design, engineering and architecture group, founded by architect Norman Foster. He is the world's most famous architect, having won the Pritzker Prize - a prestigious award in the architecture industry in 1999. He is also the father of many iconic works of world architecture such as buildings. The Gherkin (London), Hearst Tower (New York), Apple Park (USA), Beijing International Airport (China), even a place on the moon for researchers and astronauts.
With the participation of Foster and Partners - a unit specializing in the design of large-scale works and mega-projects around the world, The Global City is expected to be meticulously planned to become an integrated urban landscape. modern, impressive; advanced technology, eco-friendly and world-class luxury design. The project will be developed according to the world trend of modern and outstandingly developed global cities such as Dubai, Singapore... becoming a new "downtown" area of Ho Chi Minh City with complete and convenient infrastructure. diverse, high-class benefits and a unique lifestyle mark of global residents.
It is expected that The Global City will be completed in 48 months. Currently, the project is planning to launch shophouse products in the first phase, attracting a lot of attention from investors in the high-end segment.
Source at: https://masterisesaigon.com/the-global-city/