Empire of Masterise Group with huge real estate projects in Ho Chi Minh City

The Global City – Within just a few years, Thao Dien Investment (now Masterise Group) has become the leading real estate developer in Ho Chi Minh City. HCM. Masterise Group is also a partner of many big names in the fields of real estate, finance and construction.

 

Masterise Group was formerly known as Thao Dien Investment

Thao Dien Investment Joint Stock Company (Thao Dien Investment) was established in 2007, famous with its first product, Masteri Thao Dien High-class Residential Project (Thao Dien Ward, District 2, Ho Chi Minh City). At that time, the brand name "Thao Dien" associated with the name of a ward in District 2 more or less created a highlight for businesses in the real estate market of Ho Chi Minh City. In November 2019, Thao Dien Investment quietly changed its name to Masterise Group Joint Stock Company (Masterise Group).

 

The Rivus Saigon - The Rivus Elie Saab - Logo Masterise Group

 

This is also a premise for the company to expand to implement other projects within Ho Chi Minh City such as: Masteri An Phu (District 2), Masteri Millennium (132 Ben Van Don, District 4), M-One Saigon (District 4). District 7), or M-One Gia Dinh (Go Vap District). Currently, the most popular is the super-luxury apartment complex Grand Marina Saigon located in Ba Son area, district 1. This is the first project of Ho Chi Minh City to be labeled "branded" real estate. At the same time, in Ho Chi Minh City today, this new group is investing in construction and cooperation to develop many large-scale projects.

Accordingly, in addition to the urban area in Ba Son, Masterise Group also implemented the Lumiere project right on the Hanoi Highway (former District 2 - now Thu Duc City); Masteri Center Point project is located in Vinhomes Grand Park urban area in Ho Chi Minh City. Thu Duc; Super luxury project One Central Saigon (formerly The Spirit of Saigon) in the heart of District 1…

The latest movement in the market shows that Masterise Group has taken over many large projects from its partners right in quite prime locations of Ho Chi Minh City, such as the Golden Hill 87 Cong Quynh project, or the complex. One Central Saigon and Saigon Binh An urban area with a scale of 117.4 hectares in An Phu ward, Ho Chi Minh City. Thu Duc…

 

Recently,

In the series of projects announced by this group that will be launched in the market in the period of 2021-2025, a new name is found, Masteri Thanh Da. According to information research, the overall Masteri Thanh Da project is expected to reach 6,000 units, larger than both Masteri Thao Dien and Masteri An Phu projects combined.

These are all super projects with a total investment of hundreds of millions of USD, with prime and iconic locations in Ho Chi Minh City. And to restructure capital as well as prepare to invest in these projects, Masterise Group has mobilized tens of trillions of dong over the past time.

In the last year, Techcombank has arranged for 10 issues of bonds, helping Saigon Glory Co., Ltd - the investor of One Central Saigon project to collect VND 10,000 billion; or a few months ago, Golden Hill Investment Joint Stock Company (5,760 billion dong) and Voyage Investment Joint Stock Company (2,300 billion dong) issued 8,000 billion dong of bonds; and maximum credit loans of VND 2,000 billion with Techcombank.

Also with the arrangement of Techcombank and TCBS, another member of Masterise Group, Masterise Dream City Villas Real Estate Company Limited, on July 21 and 26, 2021, issued 2 bonds with a total value of value 7,200 billion dong, term 1 year 1 day, fixed interest rate 8%/year.

 

The name change to Masterise Group,

Not excluded is a sign of the rise of a multi-industry corporation. According to research, in parallel with the move to change the name, a series of "family" businesses Masterise has also been established rapidly in the past 1 year, with the same charter capital of 20 billion dong.

For example, Masteri Investment Joint Stock Company was established in July 2019, main activities in the field of business consulting and help or services for planning, organization, efficient operation, management information. (except for financial, accounting and legal consulting). The shareholder structure includes: Thao Dien Investment Joint Stock Company (98%), Nguyen Thanh Binh (1%) and Phan Thi Anh Tuyet (1%);

Masterise Homes Real Estate Development Co., Ltd (main business in real estate) was established in November 2019; Masterise Retail Distribution Co., Ltd. (other retail in department stores), Masterise Center Trading and Service Co., Ltd. (organization of trade promotion and introduction) and Masterise Hotel Services Co., Ltd. Hotels (short-stay service) was established in February 2020; Masterise Property Real Estate Management Company Limited (consulting, brokerage, real estate auction, land use right auction) was established in April 2020;…

Another point of note, senior positions in these companies are held by Ms. Phan Thi Anh Tuyet (born in 1974) - General Director, the legal representative of Masterise Group, or Mr. Tran Quoc Hoai (born in 1977). .

 

Close-up of projects that have been and are being implemented by Masterise Group

 

#1 Grand Marina Saigon Branded Apartment

Earlier in early January this year, Masterise Homes and Marriott International, one of the world's largest hotel groups, signed a strategic cooperation agreement on the above project. Grand Marina Saigon is also the world's largest Marriott International branded real estate project and the first Marriott project in the luxury real estate segment in Vietnam.

According to the introduction from the project developer, Grand Marina Saigon has a scale of 10 hectares, which is a large-scale complex with various types of high-class apartments, shophouses, officetels, services, offices, and commerce.

Grand Marina Saigon – the first project marking the cooperation between Masterise Homes and Marriott International is located at the “golden” location of District 1.

The project consists of three towers connecting through the top floor of the podium, including two 47-storey buildings, one 36-storey high. In addition, the project also has a 60-storey commercial center building. The project was implemented in the first quarter of this year and is expected to be completed in 2023. Information announced by Masterise Homes, Grand Marina Saigon will soon be launched to customers in Hong Kong, Asia and Vietnam in the near future. .

 

#2 Masterise Lumiere Riverside Project

"Looking" for the big real estate projects of Masterise Group in Ho Chi Minh City (District 1 and Thu Duc)

Masterise Lumiere Riverside project has a scale of 1.2 ha, this is a golden land with 2 fronts of Hanoi Highway and Vo Truong Toan, An Phu ward, Thu Duc city built with 2 high-rise blocks, providing market about 800 apartment products of diverse areas.

 

#3 Masteri Center Point Project

Masteri Center Point is located adjacent to the front of Ring Road 3, belonging to Vinhome Grand Park urban area, Long Binh ward, District 9, Ho Chi Minh City. HCM. The project is located in the middle of Vinhome Grand Park urban area, adjacent to 2 subdivisions The Ranbow and The Origami subdivision. Masteri Center Point is built on a land with a total area of 6 hectares with a construction density of 30%, the scale includes 10 luxury apartment blocks from 22 to 39 floors designed in the shape of U, T, Z.

 

#4 One Central Saigon project

The project has a total area of 8,600 m2 and a construction floor area of ​​about 180,000 m2, including two towers connected by podiums and arranged far apart. This is also the first project in Vietnam to build 6 basements. The west tower of the project is 55 floors high, including office floors for rent in the lower half and hotels in the upper half. The East Tower is 48 floors high, including apartments, with services provided by the hotel through connecting the base and basement.

The project has a total area of 8,600 m2 and a construction floor area of ​​about 180,000 m2, including two towers connected by podiums and arranged far apart. This is also the first project in Vietnam to build 6 basements. The west tower of the project is 55 floors high, including office floors for rent in the lower half and hotels in the upper half. The East Tower is 48 floors high, including apartments, with services provided by the hotel through connecting the base and basement.

Projects that have the appearance of people related to the Masterise Group.

 

#5 Alpha City Project

The project with an area of ​​8,320m2 since 2019 is on the list of Alpha-branded projects of Alpha King Group from Hong Kong, and is widely promoted with the trade name Alpha City, scale raised from 35 floors to 3 floors. 49 floors, the number of apartments increased from 499 units to more than 1,000 units. At the time of market launch, the project's selling price was offered up to 8,000-9,500 USD/m2, among the most expensive in District 1.

However, Alpha King could not implement the projects and quietly withdrew from Vietnam. Projects of Hong Kong investors, by the beginning of 2021, will be transferred to individuals and legal entities with many connections to Masterise Group - an ambitious real estate corporation, including a combination of projects in Urban area in Ba Son.

 

#6 Urban Area The Global City (Saigon Binh An)

Saigon Development and Investment Joint Stock Company (SDI) was established in 1999, is the investor of the super project of Saigon Binh An urban area with a scale of 117.4 hectares in An Phu ward, Ho Chi Minh City. Thu Duc, City. Ho Chi Minh. For many years, SDI has been known as a member of Him Lam Group. The super project in District 2 (formerly) was widely introduced under the name Him Lam Binh An, and was mortgaged at Sacombank with a valuation of up to VND 19,500 billion.

However, at the beginning of 2020, another large real estate group replaced the Him Lam group, "holding the flag" at SDI. The most obvious sign is that Mr. Bui Duc Khoa took the chair of the Board of Directors and replaced Mr. Duong Minh Hung as the legal representative at SDI. Notably, Mr. Khoa is an important link of Masterise Group.

However, at the beginning of 2020, another large real estate group replaced the Him Lam group, "holding the flag" at SDI. The most obvious sign is that Mr. Bui Duc Khoa took the chair of the Board of Directors and replaced Mr. Duong Minh Hung as the legal representative at SDI. Notably, Mr. Khoa is an important link of Masterise Group.

Source: https://theglobal.vn/

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