Global City & Kenton Node: The Moves of the Real Estate Conglomerates in HCMC
Global City, Masterise Group
In recent days, information about Global City of Masterise Homes has been continuously updated on the market:
- With the price of VND 350 million/m2 ~ USD 15,300/m2
- Prime location, located in the new economic center of the East: Do Xuan Hop Street, An Phu Ward, Thu Duc City, Ho Chi Minh City
- Project legal: License No. 155/GPXD dated December 18, 2020
- Starting time: March 18, 2021
- Expected completion: 2025
- Scale of area: 117.4 hectares, divided into 2 areas of high-rise and low-rise
- Internal facilities: 12500m2 commercial center, swimming pool, supermarket, gym, landscape lake, marina, amusement park, BBQ garden…
- Products: Low-rise 1800 units, high-rise 10,000 units
- Expanded Do Xuan Hop route & Ho Chi Minh City – Long Thanh – Dau Giay expressway
Saigon Binh An Urban Area – The Global City District 2, Masterise Homes
The most special from the project revealed by the developer at this time is probably the name of the giant behind the world’s architectural masterpieces, FOSTER & PARTNERS, which will create Global City
Known as the UK’s largest design, engineering and architecture group, Foster and Partners is the “father” of many architectural masterpieces around the world such as:
The Gherkin (London)
Apple Marina Bay Sands (Singapore)
Apple Park Headquarters (USA)
Coming up on February 25, 2022, the developer will invite strategic agencies to draw few units in order to prepare for the upcoming launch.
Kenton Node: The billion-dollar project stalled for 13 years
In the past few days, the Kenton Node in Nha Be district, which being stalled for more than a decade, reveals a new fence associated with the Novaland.
Sharing with VnExpress, a leader of Novaland Group said after many rounds of negotiations with the former developer of the project, Tai Nguyen Construction Production Trading Co., Ltd., Novaland will receive Kenton Node to renew the project and to change its name to Grand Sentosa, officially announcing to the market at the end of the first quarter.
Because the project history is related to the cash flow of the bank loan, the negotiation process takes a long time to reach the finish line. This person did not disclose the value of the deal but confirmed that the products of this project will fall in the price range of luxury apartments.
GRAND SENTOSA (NOVALAND):
- Project area: 10.8ha
- Project scale: 16 towers
- Construction level 23%
- Green area: 77%, 2000m2 swimming pool
- The total area of ​​the basement: 80,582m2
- Products include: Apartment, Shophouse, Hotel, Trade Center…
- Area: 61m2 – 145m2; includes 1 bedroom, 2 bedroom, 3 bedroom apartment
- Location: 116A, Nguyen Huu Tho Street, HCMC
- Utilities: 14ha riverside park, International Hospital, International University, Office for lease, 5-star hotel, High-class commercial area, Gym, Spa, Supermarket…
- Just 5 minutes to Vivo City supermarket, Crescent Mall
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