Masterise Homes creates a megacity in Ho Chi Minh City with The Global City project
Attracting attention in 2021 with the luxury real estate segment, Masterise Homes recently attracted the attention of the market with the project of The Global City Urban Area in 2022 to 2026…
The latest press release from Masterise Homes shows that this unit is developing its first urban project called The Global City. This is the project formerly known as Saigon Binh An with a scale of 117.4 hectares. According to this press release, Foster + Partners - a "giant" in the world architectural design industry, will undertake planning, consulting and providing advanced and sustainable design solutions for the urban area. The Global City market.
The urban area will become the "new center" of Saigon
Due to limited land fund, there are not many projects with scale up to hundreds of hectares like Saigon Binh An project. Therefore, when a rumor about this project appeared in the hands of young real estate developer Masterise Homes in August 2021, the market immediately paid much attention to this project that has been "sleeping" for more than 20 years. .
In 2021, Masterise Homes announced a partnership with Marriott International - the world's leading resort group and consecutively launched 2 branded real estate projects associated with this group's high-end brands in Ho Chi Minh City. Ho Chi Minh City and Hanoi – Grand Marina, Saigon and Ritz-Carlton Hanoi.
The first official information Masterise Homes announced about this project is about the new name of the project - The Global City. In the latest press release, the international real estate developer announced that it will develop The Global City into a "downtown city" - the new downtown area of Ho Chi Minh City.
The Global City urban area owns a rare large land fund in An Phu Ward (Thu Duc City), especially favorable because of its two fronts bordering the two most important roads in East Saigon. Specifically, there is a project frontage adjacent to the Ho Chi Minh City - Long Thanh - Dau Giay expressway, the arterial road connecting traffic between Ho Chi Minh City and the provinces of the Southwest, Southeast and Central Highlands such as: Bien Hoa, Binh Duong, Di An, Long Thanh, Nhon Trach, etc. The East facade of the project is adjacent to Do Xuan Hop street, the trunk route connecting through the new city of Thu Duc (former District 9). In particular, the project has one facade bordering the Rach Chiec river and the other side adjacent to the sports urban area of Saigon Sports City (64 ha).
The strategic location of The Global City – the new “downtown” area of Ho Chi Minh City
In addition, from The Global City urban area, it is also easy to move to Thu Thiem urban area, Binh Thanh district and central districts 1, 3, 4, ... through Mai Chi Tho and Xa avenues. Hanoi Highway, Thu Thiem tunnel,…
Thanks to its strategic location, the project is expected to benefit from the investment capital in the infrastructure of the East Saigon area, such as upgrading the Ho Chi Minh City - Long Thanh - Dau Giay expressway to 8 lanes, widening the road. Do Xuan Hop with a width of up to 60 m. In addition, the Metro urban railway line No. 1 Ben Thanh - Suoi Tien is about to be completed, which is also a significant driving force for the region's economic development.
With the advantage of a large land fund and a relatively complete transport infrastructure system, The Global City is expected to be a modern, well-planned urban area of Ho Chi Minh City, becoming a core urban area. strong attraction in the East.
International cooperation elevates the model urban area
As expected, Masterise Homes continues to choose an international name partner for The Global City project – that is the architectural giant Foster + Partners. This is an architectural design and urban construction studio with headquarters in London, UK and 55 years of operation. Foster + Partners has participated in the construction of famous projects such as Hearst Tower (New York), The Gherkin (London) or Apple US headquarters.
The Hearst Tower (pictured above) and the Apple Marina Bay Sands headquarters are two of many iconic structures designed by Foster + Partners.
As the first urban project that Foster + Partners participates in in Vietnam, The Global City is designed and developed in accordance with the trend of "New Urbanism". Accordingly, this will be a diversified and modern urban complex, with full facilities of a future city center in addition to the housing area. In addition, with experience and expertise pioneering sustainable design trends in architecture and urban construction, Foster + Partners will undertake synchronous architectural consulting for The Global City, offering design solutions. innovative and sustainable design to create a truly global city, as the name suggests.
Quenching the market's "thirst" for townhouses
According to the market report of Savills Vietnam, Ho Chi Minh City is currently in short supply of villas and townhouses. Primary supply in 2021 is down 65%, lowest since 2016. Launch of Soho townhouse subdivision by The Global City's urban area in March was therefore positively welcomed by the market.
Soho townhouse design harmonizes modern architecture and Vietnamese urban sound
Positioned in a high-class position with design and construction in compliance with international standards, Soho townhouse products are expected to have the highest market price in Thu Duc city. However, with the limited supply of townhouses in Ho Chi Minh City in 2022, the Soho subdivision of The Global City is currently being noticed and sought by many investors, initially creating the buzz of Masterise Homes on the market. racetrack to build a megacity.
See more at: https://theglobal.vn/
