This price is significantly higher than that of luxury apartments in Ho Chi Minh City with an average price of nearly 7,000 USD/m2, according to recent statistics of CBRE Vietnam.
Grand Marina, Saigon opens for sale in Hong Kong for 18,000 USD/m2
On March 27 and 28, Grand Marina, Saigon was officially launched and received a positive reception from Hong Kong investors at an exclusive project introduction seminar held by Asia Bankers Club at the hotel. JW Marriott Hotel Hong Kong.
The first luxury apartments of Grand Marina, Saigon were purchased by customers of Asia Bankers Club with a starting price of one million USD (about 23.5 billion VND), equivalent to a unit price of 18,000 USD. USD/m2 (about 423 million). This price is significantly higher than that of luxury apartments in Ho Chi Minh City with an average price of nearly 7,000 USD/m2, according to recent statistics of CBRE Vietnam.
However, this price is comparable to the current selling price of other branded real estate projects in the area such as The Residences at Mandarin Oriental in Bangkok, or The Residences at the St. Regis Singapore. On the other hand, compared to Hong Kong - one of the most expensive housing markets in the world, this price is significantly lower than the unit price of the luxury segment here, which is estimated at 46,800 USD/m2 on average. , according to Savills.
The emergence of a new real estate model in Vietnam - urban luxury real estate,
The price level of luxury apartments in Vietnam has jumped, catching up with other countries in the region. With the endorsement of global brands, Savills' Branded Residence 2020 report lists "the market-wide average price difference of branded real estate and non-branded luxury real estate is 31%".
Asia Bankers Club said that many customers have boldly made investment decisions in Grand Marina, Saigon even though they have not had the opportunity to visit the project or model house. Mr. Kingston Lai, founder and CEO of Asia Bankers Club shared: “The fact that the project is endorsed by the Marriott International brand has created confidence in our customers. Moreover, in the context of the global economy, Vietnam is the only Southeast Asian country to record GDP growth in 2020 and is forecasted by the World Bank to increase GDP at 6,81% in 2021. Markets Vietnam is emerging as a bright star, promising development potential and opportunities for foreign investors like Hong Kong.”
The success of the Grand Marina, Saigon launch event in Hong Kong is a milestone marking the fact that Vietnam has successfully "exported" a new product model - a branded apartment, in addition to products that have long been recognized by the Vietnamese government. world known as rice, coffee. The appearance of the Marriott International brand in the luxury real estate segment in Vietnam has put the Vietnamese real estate market on the world map and caught the attention of foreign investors.
Grand Marina, Saigon - the world's largest luxury real estate under the Marriott brand in Vietnam. The project located in the center of Ho Chi Minh City was just started by Masterise Homes last week.
This is not only an apartment project with two brands of Marriott and JW Marriott, but will be a comprehensively planned complex, with a large public park, riverside walkways, marina... Grand Marina Saigon is expected by the real estate industry to be a new symbol of Ho Chi Minh City and Vietnam.
The master plan of Grand Marina, Saigon is a unique world of its own, where it will feature a waterfront promenade with fountains, beautiful gardens and a large square, connected by footpaths. 850m long meandering plank. The design is inspired by the river and the city's history.
