[Review] The Launch of The Crest Residences (Phase 2 of Metropole Thu Thiem)

Saturday, 21st September, the Crest Residences, phase 2 of Metropole Thu Thiem, was hold at the Gem Conventional Center in District 1.

The words that can be used to describe this event at its finest is as the below picture:

There are 247 units at the price from 5,800USD/m2 – 6,600USD/m2; and yes, they are all sold out.

Early-riser buyers already walked in the venue from 7:30 A.M to join a cheerful welcome with good flow of food and drink, served as in a luxury boutique home.

Warm welcome from developer

The great care of the developer can be seen from small details starting with a first-seen event guidebook…

…to an outstanding presentation of the CEO of Sonkim Land, Mr. Andy Han Suk Jun for the highlights of the project.

The highlights of the project?

• Exclusive and Selective Scale: Only 247 units (47 quota for 2 bedroom and 18 quota for 3 bedroom)
• Prime and highly desirable location:

• Unique, extremely sophisticated design, one that features innovative high-tech breakthroughs and the finest amenities. Additionally, the basic elements of the high-end real estate market must be more than satisfied, namely high-quality construction, superior finishing and exceptional services:

Especially, a 360 degree pool embraces the whole block:

This is how the “Sold Out” works:

The first 100 bookings are actually the buyers with great patience waiting from the phase 1. It only took them around 1 hour to take all of the quota. This led to the buyers who just joined the booking have not many options to choose and need to consider the LTLA options.

On average, the price of LTLA of The Crest Residences is from 5,300 USD/m2 – 6,000 USD/m2 (excluding TAX) depending on floor, view and layout; and the SPA price is higher around 10%.

With the limited supply of luxury projects at the prime location, this price is reasonable when the supply cannot meet the demand and explains for such fast consumption: 70% of buyers are Foreigners (both SPA and LTLA, taking 3 and 2 bedroom) and the 30% are Vietnamese (taking mostly 2 and 1 bedroom).

Surely after the launch, the buyers who missed the chance this time will remain the booking for the next phase, the Opera Residences (planning to take the booking and launch soon) with 600 units for the priority in choosing the units.

Construction Status?

It’s not late to own a unit here or join the next phase. Support need?

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