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A villa project right in the center of District 1, Ho Chi Minh City, is expected to open for sale this October with a truly shocking price, expected to be up to 10 million VND per square meter (m800).
According to planning information, this villa project has a total of 63 villas – shophouses, divided into 2 types: Single (9 units) and duplex (54 units), construction design includes 1 basement + 1 basement. Ground + 2 floors.
It is known that 42 out of 63 have been deployed and have owners.
In the upcoming sale, the expected number is 21 units, with three types of areas: 225m2, 325m2, 437m2.
This villa project includes infrastructure and amenities such as high-quality inter-level schools; supermarket and restaurant systems; parks, tropical flower gardens, riverside boulevards; Sports area with golf course, tennis, badminton, basketball, swimming pool; jacuzzi pool, beauty care, relaxation; Marina…
So with the expected price above, an apartment with an area of 225m2 will have a corresponding price of 180 billion VND; An apartment with an area of 325m2 will cost approximately 260 billion VND and an apartment with an area of 437m2 will cost approximately 350 billion VND. Converted to USD at the present time corresponds to a level of 7,8-15 million USD/unit.
With the above price, it can be said that this is a “super villa” project in Vietnam.
About two years ago, the price of a villa project right on this land was offered for sale at a price of 120-150 million VND per square meter. The sales staff at that time also recommended that as soon as the project was transferred to the new investor, the price would increase by 1-2%.
However, since then, with an expected price quote of 800 million VND/1m2, this villa project has increased in price by 4-5 times compared to nearly two years ago.
