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Overseas buyers pin hopes on ease of restrictions


Overseas buyers pin hopes on ease of restrictions
08:00 | 03/05/2021
Luxury and high-end residences up and down Vietnam have attracted much interest from foreigners since 2015 when the government permitted non-nationals to own property in the country. Damian Sung (damian@asiabankersclub.com), sales director at Asia Bankers Club, discussed with VIR’s Bich Ngoc the recent sentiment regarding such ownership and the prospects involved.
What is your assessment of this segment to Hong Kong-based buyers as well as from other markets in general?
Damian Sung (damian@asiabankersclub.com), sales director at Asia Bankers Club
Asia Bankers Club is based in Hong Kong but our client base is not limited to just there. Because we also help our investors diversify not just in Vietnam but to the UK, Thailand, Malaysia, Japan, and more, we have clients from all over the world. Our colleagues can speak Mandarin, Cantonese, Japanese, and Korean, ....

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Vietnamese real estate goes global


Vietnamese real estate goes global
08:00 | 04/04/2021
Vietnamese real estate goes global
The first branded apartments of Grand Marina were purchased by customers of the Asia Bankers Club with a starting price of $1 million, equivalent to a unit price of $18,000 per square metre. This price is significantly higher than other luxury apartments in Ho Chi Minh City with an average price of nearly $7,000 per sq.m, according to CBRE Vietnam’s 2020 Real Estate Market Spotlight.
Artist’s impression of Grand Marina, Saigon designed to Marriott standards
However, this price is comparable to those of branded real estate projects in the region such as The Residences at Mandarin Oriental in Bangkok and The Residences at the St. Regis Singapore. On the other hand, compared to Hong Kong – one of the most expensive housing markets in the world – this price is significantly lower than the unit price of the city state’s l ....

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HCMC branded residence project debuted in Hong Kong at $1 mln starting price


HCMC branded residence project debuted in Hong Kong at $1 mln starting price
By May Pham   April 2, 2021 | 11:20 am GMT+7
The Grand Marina, Saigon, Marriott s largest branded residence project developed by Vietnam s Masterise Homes, was purchased at a starting price of $1 million per apartment in Hong Kong this March.
Artitst’s impression of Grand Marina, designed to Marriott standards. Photo by Masterise Homes.
The price, equivalent to a unit price of $18,000 per square meter, is significantly higher than other luxury apartments in Ho Chi Minh City with an average price of nearly $7,000 per square meter, according to CBRE Vietnam’s 2020 Real Estate Market Spotlight. ....

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