The project in Thu Duc City attracts the real estate market at the end of the year with the latest information from the project developer Masterise Homes.
Recently, the website of Masterise Homes revealed information about a new project called The Global City in the center of Ho Chi Minh City. The project was formerly known as Saigon Binh An urban area with a scale of 117 hectares, located next to the Saigon Sports City complex and adjacent to the Long Thanh - Dau Giay highway.
Revived after more than 20 years
The project was approved by the People's Committee of Ho Chi Minh City to invest on a land with a total area of 120 hectares in An Phu ward in January 1999. After that, the project was approved to add the utility of An Phu golf course, increasing the area to 137.4 hectares in 2000.
On this basis, the project has a decision to recover and allocate land to SDI Corp from January 2001. At that time, the project was called the golf course, sports and housing complex, the trade name was Saigon Golf Country Club and Residences.
Location of The Global City project (formerly known as Saigon Binh An).
After many adjustments to the planning, the total area of the land area is about 117.4 hectares according to Decision No. 6296/QD-UBND on approval of detailed planning 1/500 dated 30/11/2015. After more than 20 years of implementation, on March 18, 2021, contractor An Phong Construction started the project. As noted, many internal infrastructure items of the Saigon Binh An project have been built.
Construction activities of An Phong at the project start from March 2021.
By August 2021, the project was rumored to be in the hands of Masterise when SDI changed its business registration and transferred the staff holding the position of chairman of the board of directors. According to statistics, up to now, the total value mobilized through bonds related to the project planned and implemented in the period of 2021, the first days of 2022 is up to 22,075 billion VND (nearly 1 billion USD).
At the end of January, Masterise Homes revealed a new project called The Global City. According to the information of the distributors, this is the new commercial name of the Saigon Binh An project.
Website Masterise Homes announced about The Global City.
With the new name, the project is oriented to become a global, iconic city of Southeast Asia with many subdivisions: Apartment, low-rise, villa, social housing, school, hospital With the advantage of large land bank, relatively complete transportation infrastructure, The Global City project is expected to become a modern and well-planned urban area of Ho Chi Minh City. There is strong gravity in the eastern region.
"Makeover" at the hands of the new project developer
Over the years, Masterise Homes has acquired many projects with prime locations, especially in Ho Chi Minh City, to serve the strategy of developing high-end and luxury real estate.
In which, some projects can be mentioned such as Grand Marina, Saigon in the center of District 1 and The Grand Hanoi on Hang Bai street. These are two projects associated with the strategic partnership between Masterise Homes and Marriott International - an international hotel group and also a leader in the global branded real estate portfolio.
The strategy of cooperation with international names is also applied by Masterise Homes in The Global City project. The design partner of this urban area is Foster and Partners - a British design, engineering and architecture group, founded by architect Norman Foster.
Foster is a famous architect who won the Pritzker Prize in architecture in 1999. He is also the father of many iconic works such as The Gherkin building (London, England); Hearst Tower, Apple Park (USA), Beijing International Airport (China), even a place on the moon for researchers and astronauts.
The City of London's The Gherkin project was designed by Norman Foster.
With the participation of Foster and Partners, The Global City is expected to be well planned, becoming an urban area integrating modern and impressive landscape; Advanced technology, eco-friendly and world class luxury design.
The project is oriented to develop according to the trend of modern and developed global cities such as Dubai, Singapore... to become a new "downtown" area in Ho Chi Minh City with complete infrastructure, diverse utilities, high-class, affirming the unique lifestyle of global residents.
The Global City is expected to be completed in 48 months. Currently the project is planning to launch products shophouse in the early stages, attracting the attention of investors in the high-end segment.
See more of The Global City at: https://theglobal.vn/
The Real Estate market welcomes a new supply source with projects by Masterise Homes starting from mid-2023
Expanding the An Phu - Belt Road 2 Expressway section, adjacent to The Global City in Ho Chi Minh City