The event was held in the lobby of a tower in the apartment complex, with the resident community in a joyous and excited atmosphere. The pink book handover event not only ensured the full legal ownership of the apartment owners but also affirmed the solid legal value, capacity, and reputation of the developer, Masterise Homes.
The LUMIÈRE riverside resident community officially received the apartment handover in December 2023. Just six months after the handover, it achieved an impressive 92% occupancy rate, with residents enjoying a classy living space, exclusive management services from Masterise Property Management, and the most advanced amenities. This apartment complex is also the first project of Masterise Homes to pioneer a new green lifestyle, featuring a unique design based on the “leafscape” architectural style, offering a distinctive and classy value proposition. Combined with its prime location in the last “diamond” coordinate of Thao Dien, adjacent to the metro line 1 expected to operate by the end of this year, this property offers sustainable value growth for the resident community and future generations. This value is further solidified and enhanced as the first pink books were handed over to the apartment owners.
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LUMIÈRE riverside impresses with its design, quality, and “telling numbers”: 92% occupancy within 6 months and pink book delivery just 8 months after handover.
Mr. Duy, one of the customers who received the pink book at the ceremony, shared: “As someone with extensive experience in real estate investment, I trust the reputation of Masterise Homes and the legal compliance of their projects. Today, receiving the pink book within such a short time makes me very happy and confident that my asset is legally protected, its value will continue to appreciate, and it will serve as a solid foundation for future investment opportunities.”
LUMIÈRE riverside not only offers a refined living experience and a classy green lifestyle to its residents but also officially operates a commercial and service area of over 9,500 square meters at the podium level, along with exclusive support for LUMIÈRE Shops owners. Currently, the commercial and service area of LUMIÈRE Shops welcomes renowned culinary and retail brands and over 2,000 office employees, testifying to its business potential and realizing sustainable profitability for investors.
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LUMIÈRE riverside demonstrates sustainable value and increasing profitability, benefiting both residents and shop owners at the podium level.
Mr. Julian Wyatt, CEO of Masterise Property Management – a member of the Masterise Group, shared at the ceremony: “2024 marks the 10th anniversary of Masterise’s operation in the real estate industry, and we are proud to continue to achieve impressive milestones. In June, Masterise handed over the first pink books to apartment owners at the Branded Residences, Marriott, Grand Marina, Saigon. Today, Masterise officially delivers the first 50 pink books to the owners of LUMIÈRE riverside apartments. This is not just a joy for the resident community but also a delight for our management team and a pride for Masterise Homes in our journey of setting new standards for quality and lifestyle in the Vietnamese real estate market.”
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Mr. Julian Wyatt, CEO of Masterise Property Management, shared his thoughts at the event.
LUMIÈRE riverside is the second project of Masterise Homes to officially hand over pink books to residents in 2024. Previously, the owners of Branded Residences, Marriott, Grand Marina, Saigon (in District 1, Ho Chi Minh City) received their pink books. This not only marks exceptional progress, fulfilling our commitment but also demonstrates Masterise Homes’ international capabilities and our dedication to creating iconic projects, a lifestyle worthy of its name, and sustainable value growth for the resident community.
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In the coming time, Masterise Homes will continue to hand over pink books to the next LUMIÈRE riverside apartment owners.
About Masterise Homes
Masterise Homes, a member of Masterise Group, is an international real estate developer that pioneers the application of global standards in developing, operating, and managing real estate products and services in Vietnam and worldwide.
With the largest portfolio of Branded Residences in Southeast Asia, Masterise Homes asserts its international capabilities through collaborations with Haute Couture master ELIE SAAB and Marriott International – the world’s largest hotel group with renowned brands such as Marriott, JW Marriott, and Ritz-Carlton. Masterise Homes is committed to continuously creating architectural masterpieces and delivering worthy experiences to its customers, crafting timeless values recognized worldwide.
Astonishingly high price for old and dilapidated apartment buildings reaching nearly 200 million VND/m2, rivaling the most luxurious condominiums in Hanoi
Old collective apartments with prices starting from 100 million VND/m2 are usually the first-floor units that can be used for commercial purposes, while the upper-floor units are priced at 60-80 million VND/m2 for residential purposes.