District 2 Apartment Market: 19 New Project, Investor Have Many Options!

Vietnam Real Estate synthesized the apartment market in March 2017 with the focus on the Masteri Millennium apartment project in District 4, and we also saw some notable sales launches in April 2017.

1.Focus

Masteri Millennium is located at 132 Ben Van Don Street, District 4 – the golden axis of the real estate market. With a 20% discount to high-end projects in the same segment, Masteri Millennium is a good choice for investors and customers to buy.

Modern living space at Masteri Millennium

Some other outstanding features of the project can be mentioned as:  owns two frontages, has system of 5-star inner-city convenience, Financial Street Nguyen Cong Tru just 5 minutes moving, be the easy connection and take advantage of the surrounding amenities in District 1, possess beautiful views over the city center, etc. In addition, Millennium is also the only project in Ho Chi Minh City that provides permanent tenure.

>>> Read more: Apartment for sale in District 4, HCMC

Price comparison chart of neighboring projects

What are customers get when buying  Masteri Millennium?

• Favorable location: easy access to downtown & neighboring counties.
• Attractive price: only VND 2.4 billion / apartment, flexible payment, interest rate 0%.
• Pay 30% until you get your house, do not need a bank loan.
• 5-star amenities: 6-storey commercial center – entertainment – dining, pool overflow, gym, spa, apartment management system, 5-star laundry, etc.
• Rental rate is up to 12% per year.
• Construction quality is ensured by Coteccons contractor, Savills management unit.

2.Trends in real estate development District 2

Breaking infrastructure, complete urban planning and synchronous transportation network have made District 2 land an ideal destination for investors. Finding an ideal home in a modern, smoke-free city, and close to the heart of District 1 is the trend of many families.

District 2 apartment projects are focused on green factor

At present, investors are attaching importance to developing a model of modern houses, fully equipped but close to nature, planning in sync with the environment. Apartment projects with open spaces, green landscapes, swimming pools, fountains, play areas for children … will have outstanding advantages.

In the past few years, District 2 real estate has had a number of breakthroughs in the apartment, land and real estate markets.

3.Upcoming event

1. The View Riviera Point (Huynh Tan Phat Street, Tan Phu Ward, District 7)

Sale phase 2 of The View Riviera Point apartment – District 7, deposit, flexible payment, attractive about 0.5% / month within 5 years, interest free

Opening day of sale: July 2017

Area: 91-300sqm

Price from VND 30 million/sqm

2. Masteri Millenium (Ben Van Don Street, Ward 6, District 4)

Sale 208 units at the end of the Masteri Millennium project, take reservation, pay 30% advance payment

Opening Day: May 2017

Area 53-107sqm

Price from VND 46-63 million/sqm

3. New City Thu Thiem (Mai Chi Tho Boulevard, Binh Khanh Ward, District 2)

According to Vietnam Real Estate, it is likely that this 1,303-unit project will be ready to open soon in the second quarter of 2017

Area from 46sqm

Expected price from VND 35 million/sqm

4. Thu Thiem Empire City (Mai Chi Tho Boulevard, Thu Thiem Ward, District 2)

Empire City Thu Thiem project overview

Area of 50-300sqm

Price from VND 58-63 million/ sqm

4.Market analysis of District 2 apartments

Apartment supply in District 2 tends to increase sharply. In the second quarter 2016, 19 new projects launched, providing more than 8,700 apartments, growing by 15% quarter. Total primary stock reached more than 40,100 units.

From Q3 / 2016 to 2018, more than 35,000 apartments are expected to enter the market. Some investors have begun moving strategically towards high-density residential districts in the western part of the city. However,  the real estate market in general and the District 2 apartment market will be less hot, proving that there are already many upcoming District 2 projects promising to bring residents and investors many choices, 50,000 apartments  will continue to launch outside the real estate market District 2

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