Timing it Right
The launch of Masteri Grand View introduces over 600 luxurious residences, not only as a new benchmark of excellence by Masterise Homes but also as a long-awaited addition to the city’s limited high-end property inventory.
Amid a scarce supply of new developments in Ho Chi Minh City’s real estate market towards the year-end, the unveiling of Masteri Grand View instantly captured the attention of savvy investors. This twin-tower project occupies one of the most desirable locations within The Global City, a master-planned, world-class urban area spanning 117.4 hectares, which is among the last of its kind in the city.
The project’s timing is impeccable, entering the market just as the new land price framework in Ho Chi Minh City comes into effect, and the real estate-related laws are in their initial stages of implementation. This presents a unique window of opportunity for investors to capitalize on attractive pricing before the market adjusts to the new policies. Concurrently, a slew of infrastructure projects are underway in the city’s eastern region, poised to unlock even greater potential in the area by the first quarter of 2025.
Regardless of the underlying reasons, it is undeniable that the pent-up demand for quality housing in Ho Chi Minh City remains substantial. Data from CBRE Vietnam for Q2 2024 underscores this point, indicating that limited supply has resulted in strong sales performance for new launches across the board, including the mid-range, high-end, and luxury segments.
In Q3 2024, CBRE Vietnam also observed a notable price increase for some Ho Chi Minh City residential projects that had restarted development, with prices surging by 10-30% compared to previous levels. Notably, luxury apartments witnessed the most significant year-on-year increase in resale prices, climbing by 10-20%, attributable to their prime locations, superior construction quality, and high rental potential.
These trends underscore the enduring appeal of real estate as an investment vehicle, regardless of market conditions. This is especially true for quality developments backed by reputable developers and solid legal frameworks, such as Masteri Grand View. By timing its entry strategically, Masterise Homes is offering investors an opportunity to acquire well-priced, high-quality homes, positioning themselves ahead of the curve as the market embarks on a new cycle.
The Uniqueness of Masteri Grand View
Masteri Grand View boasts an unparalleled combination of advantages. Its location within The Global City, the emerging new center of Ho Chi Minh City, speaks volumes about the wealth of amenities and benefits it offers.
The Global City is Vietnam’s first internationally-standardized, mixed-use urban area, master-planned and designed by Foster + Partners, a world-renowned architectural firm from the UK. Spanning 117.4 hectares in the prime location of the former An Phu ward (now part of Thu Duc City), The Global City integrates a host of world-class infrastructure and amenities.
The SOHO commercial townhouse zone has already attracted residents and a diverse range of businesses, creating a vibrant atmosphere. Interspersed with this are entertainment, recreational, and shopping complexes, with future plans for educational and healthcare facilities, as well as a 123,000 sqm commercial center, further cementing The Global City’s status as the city’s new pinnacle of upscale living.
Masteri Grand View’s twin towers, comprising 600 premium residences, stand proudly at the intersection of two main avenues within The Global City, Đỗ Xuân Hợp and Liên Phường streets. This prime location, surrounded by key amenities, underscores the project’s exclusivity and rarity.
Masteri Grand View’s prestigious location at the intersection of the major roads Đỗ Xuân Hợp and Liên Phường
A notable highlight is the Liên Phường road and bridge over the Rạch Mương Kinh canal, which provide direct access to the main avenue leading to the National Sports Complex in Rạch Chiếc. The recent commencement of construction on this route will soon facilitate seamless connections from the project to major thoroughfares like Mai Chí Thọ and Võ Nguyên Giáp avenues, as well as the Metro Line 1. Residents will also enjoy quick access to An Phú, Thảo Điền, Thủ Thiêm, and District 1, with travel times ranging from just 5 to 15 minutes.
Meanwhile, Đỗ Xuân Hợp street is slated for expansion to 30 meters in width as part of Ho Chi Minh City’s urban development plans. The recently opened Nam Lý Bridge, along with other eastern region infrastructure projects in the pipeline, such as the completion of the Ring Road 3 and Ring Road 2, and the expansion of the Ho Chi Minh City – Long Thành – Dầu Giây Highway, will further enhance connectivity and add value to the area’s real estate.
Masteri Grand View offers a diverse range of apartment configurations, providing options for both owner-occupiers and investors. With layouts ranging from one to four bedrooms and sizes from 57 to 181 sqm, there’s an option for every need. All units feature rounded corners, maximizing the breathtaking views of The Global City and enhancing the enjoyment of its world-class amenities. Scheduled for completion in 2026, each Masteri Grand View residence will embody a sophisticated and unique lifestyle for its owners within the heart of this new urban center.
From its surrounding connectivity potential to the intrinsic value of its residences, it is evident that The Global City, and Masteri Grand View in particular, represent the pinnacle of Ho Chi Minh City’s current real estate market.
Masterise Homes’ commitment to enhancing the living standards of its residents is evident through its continuous investment in amenities, legal compliance, and timely project delivery.
Masterise Homes has consistently demonstrated its commitment to elevating the living standards of its residents through a series of strategic moves, including investments in amenities, meticulous attention to legal compliance, and timely project delivery. Even before the launch of the Masteri Grand View towers, customers could witness the developer’s fulfilled promises and the tangible enhancements to the living experience within The Global City.
The company’s track record speaks for itself, with successfully delivered projects such as Masteri Centre Point in Ho Chi Minh City, and Masteri Waterfront and Masteri West Heights in Hanoi, reinforcing Masterise Homes’ reputation for reliability and commitment to its customers.
In a market where high-quality new developments are scarce, the playing field is dominated by a select few large-scale developers. While this dynamic presents challenges in terms of overall supply, it also creates a golden opportunity for buyers and investors to acquire meticulously crafted, high-quality properties with sustainable profitability.
For more information about Masteri Grand View, please visit https://masterisehomes.com/the-global-city/vi/masteri-grand-view
The Perils of Online Investment: A Woman’s Story of Losing $320,000 to a ‘Real Estate Company Secretary’ Scam.
A woman from Nghe An province transferred over 7.2 billion VND to Nguyen Thi Thoan (born in 1992) as a joint investment in real estate. However, Nguyen Thi Thoan used the money for her personal expenses.
The New Real Estate ‘Gold Rush’: Strategies to Curb the Frenzy
In recent times, land prices in Hanoi have been surging to unprecedented highs, sparking fears of an asset bubble. This unusual surge in prices has led to concerns about a potential “virtual fever”, with many worried about a possible real estate “bubble”.
The Suburban Hanoi District Offers 50 Residential Plots in an Upcoming Auction
The successful auction of 39 residential land plots has prompted the Land Development Center of Phuc Tho District to offer another 50 plots across three local communes. With a starting bid of VND 19.8 million per square meter, these new plots range from 85 square meters upwards, presenting an exciting opportunity for prospective buyers.
