Masterise Homes "enters" Hai Phong real estate market

Establishing the first project in the Port City

According to the approved adjustment of the general planning of Hai Phong city to 2040, with a vision to 2050, Hai Phong is oriented to have a high level of development in the group of leading cities in Asia and the world .

The planning goal of Hai Phong is to become a locality with modern, smart, sustainable industry; convenient domestic and international transport infrastructure; a key logistics and tourism service center; an international center for education, training, research, application and development of science - technology, and marine economy . The city will develop according to the model of a multi-center urban area and satellite cities. The urban structure includes two belts, three corridors, and three centers.

In particular, Thuy Nguyen is located in the Northern development direction, planned to be built into a "City under Hai Phong City", and is also the driving force to expand the central urban area to the North of Song Cam - where the 2024 Red Flamboyant Festival was successfully held, attracting more than 18,000 participants.

With the above development orientation, Hai Phong port city continuously attracts attention and becomes a real estate investment destination, including the project of international real estate developer - Masterise Homes.

Accordingly, The Centric project complex of Masterise Homes in Hai Phong has a scale of more than 7.2 hectares with unique limited edition Shoptique products created and copyrighted by Masterise Homes and a complex of two commercial and service clusters with a design exclusively for Hai Phong, expected to become a new symbol of commerce - entertainment - culture in the new city center.

Perspective of The Centric project by Masterise Homes at the "prosperous axis" - the center of the new city of Thuy Nguyen - Hai Phong.

The project is located in a prime location in the "center within the center" of Thuy Nguyen, adjacent to two typical works of the city: the new political - administrative center and the largest conference - performance center in Hai Phong, promising to be a piece of the trade and service puzzle, creating a picture of "prosperity axis" in this area.

Oriented to develop according to the Open-Air Shopping Center model (outdoor shopping and entertainment center), The Centric contributes to shaping a new destination, the center of lifestyle, shopping and aesthetic experiences in the Port City.

The Centric by Masterise Homes is expected to become a new symbol of commerce - entertainment - culture in the center of Hai Phong new city.

"As the first and only project currently located in the complex of the largest political - administrative center and conference - performance center in Hai Phong, The Centric accompanies the prosperity of Thuy Nguyen city in the near future, in sync with the design style as well as the development progress of the new city. Through that, the project affirms the vision and efforts of Masterise Homes on the journey to create a worthy commercial service symbol in the center of Thuy Nguyen - a new city in Hai Phong city", said a representative of Masterise Homes.

Make a mark from iconic global projects

Before setting foot in the Port City, Masterise Homes has created its own mark in the market with iconic, guaranteed projects in Ho Chi Minh City and Hanoi.

Masterise Homes' name began to gain attention when it joined hands with the world's largest hotel group, Marriott International, to create the largest branded real estate portfolio in Southeast Asia. Notable among them is The Ritz-Carlton Residences, Hanoi (Hang Bai, Hanoi) - the first and only project carrying this brand in Vietnam.

In May 2024, The Ritz-Carlton Residences, Hanoi apartment complex was officially opened at 22-24 Hang Bai Street, Hoan Kiem District.

In Ho Chi Minh City, Grand Marina, Saigon (Ton Duc Thang, District 1) developed by this unit is also the world's largest branded real estate complex of Marriott International. Currently, the first tower has been put into operation by Marriott staff with 5-star hotel standard management services.

[embed]https://www.youtube.com/watch?v=LzCkek0hijI[/embed]

Residents highly appreciate the quality of service at Grand Marina.

International quality beyond expectations and Marriott standard service at Grand Marina, Saigon are highly appreciated by residents.

Masterise Homes has also successfully built The Global City (Do Xuan Hop, An Phu Ward, District 2, Thu Duc City). The project is expected to become an iconic urban area in Southeast Asia and the new center of Ho Chi Minh City, gathering a variety of modern entertainment - shopping - entertainment facilities. Events at The Global City attract tens of thousands of visitors every festival.

After only 2 years of implementation, The Global City has completed and handed over the first subdivision. It is estimated that when completed, the project will attract 40,000 residents and 20,400 employees working in office buildings...

The Global City has completed the SOHO subdivision and many other amenities, attracting thousands of visitors every day.

Commitment to project quality and progress is the strength that creates reputation for Masterise Homes. By the end of the first quarter of 2024, this enterprise will complete the handover of 7 key projects in Hanoi and Ho Chi Minh City with more than 8,000 apartments and shophouses (commercial townhouses) handed over to customers.

The handed-over apartment complexes are currently managed and operated by Masterise Property Management and have achieved high occupancy rates. For example, LUMIÈRE riverside (Thao Dien ward, District 2, Thu Duc city, Ho Chi Minh City) achieved an occupancy rate of 81% after only 6 months of handover.

Residents at Masterise Homes apartments are satisfied with the quality of service and operational management.

Masterise Homes' achievements in developing and creating real estate projects in beautiful locations, large scale, and international stature are increasingly appreciated by experts, especially in the context of the market facing many challenges.

According to the plan, Hai Phong's population by 2030 will reach about 2.8 - 3 million people, of which 2/3 will be urban residents. By 2040, the population will reach 3.9 - 4.7 million people, the urban population will be about 3.2 - 4 million people.

"The demand for real estate in Hai Phong is always present and will continue to increase, influenced by the development of industrial parks along with the recovery of the labor force and the growth of foreign direct investment," said Ms. Do Thu Hang - Senior Director of Consulting and Research at Savills Vietnam.

The fact that the Port City is oriented to develop according to the model of "multi-center urban area and satellite urban areas" is assessed by many experts to open up many opportunities for the real estate market, especially when Thuy Nguyen will become a city in 2025 and become the new political and administrative center of Hai Phong. Demand for the commercial and accommodation market will increase and create conditions for investors and developers to exploit the market.

Source: https://dantri.com.vn/bat-dong-san/masterise-homes-chao-san-thi-truong-bat-dong-san-hai-phong-20240612130528615.htm