Ho Chi Minh City real estate news updated 2022

1. The Global City Super Project Launches for Sale

The Global City District 2 (Saigon Binh An Urban Area) spans 117.4 hectares in An Phu Ward, Thu Duc City, Ho Chi Minh City. This prestigious development is invested by Masterise Homes.

The Global City Project Overview

  • Project Name: The Global City
  • Investor: Masterise Homes (developer of major projects including Lumière Riverside, Masteri Center Point, Grand Marina Saigon, Masteri Thao Dien, and Masteri An Phu)
  • Location: An Phu Ward, Thu Duc City
  • Architect: Foster and Partners (UK)
  • Scale: Approximately 117.4 hectares, comprising approximately 1,800 low-rise units and approximately 10,000 high-rise units
  • Product Types: Townhouses, Villas, Shophouses, and Luxury Apartments
  • Ownership: Vietnamese citizens own in perpetuity; Foreigners own for 50 years
  • Development Timeline: The entire project is expected to be completed within 4 years
  • Key Features: The project incorporates clean green energy technology and will include a Class A commercial center and hospital

2. Empire Sky Residences Launches in 2022

According to Keppel Land’s latest report, Empire Sky Residences will launch 162 units in 2022, with the remaining 80 units launching the following year. The Narra Residences cluster, comprising 25 apartments, will conclude its sales launch this year.
In addition to Empire City, Keppel Land will focus on the Celesta segment, which includes inventory from Celesta Rise and Celesta Heights, with continued sales of low-rise offerings Celesta Gold+ and Celesta Avenue.

Note: This project information is compiled by Rever from multiple sources we consider reliable. However, project details may change due to updates from investors or authorities, so certain information may not reflect the latest developments.

THE SAIGON LUXURY JOURNAL

February 18, 2022

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