Hongkong Land is showing great interest in the country’s luxury residential market.
Hongkong Land and Hoa Lam Corporation have launched The Marq, a luxury residential high-rise building that will be open for sale in the first half of this year.
Located in the heart of District 1, Ho Chi Minh City, the development will provide 515 opulent residences comprising one- to four-bedroom condominiums and penthouses.
The development will boast a comprehensive range of luxurious facilities including a 30-metre lap pool, jacuzzi, gym, private kitchen and dining area, children’s playground and a lush, landscaped garden, all located on the building’s panoramic rooftop.
“With The Marq, we aim to continue redefining the real estate market in Vietnam,” said Robert Wong, chief executive of Hongkong Land.
The Marq will be among three residential projects Hongkong Land is developing in Vietnam.
Earlier in September 2015, it teamed up with SonKim Land to develop The Nassim in the heart of Thao Dien area in Ho Chi Minh City’s District 2.
The project comprises of 238 residential units ranging from one- to four-bedroom condominiums and penthouses.
Hongkong Land has also set up a joint venture with CII to develop Thu Thiem River Park in Thu Thiem new urban township in District 2, Ho Chi Minh City. The project is expected to provide around 1,140 units including luxury apartments, sky villas, and garden apartments.
Hongkong Land marked its entry into the Vietnam property industry 20 years ago through its joint-venture Central Building, a premium office and retail development situated at the intersection of Hai Ba Trung and Ba Trieu streets in Hanoi.
Another leading commercial address in Hanoi, 63 Ly Thai To, is also a premium office and retail development of Hongkong Land. Both Central Building and 63 Ly Thai To have a 100 per cent occupancy rate.
Tags:
Tags:
Parc Hanoi marks Indochina Kajima's first office-for-lease project in its $1 billion investment plan in Vietnam.
While the average price of apartments in Hanoi has reached new heights, with supply primarily concentrated in the premium and luxury segments, there are still no signs of a price slowdown.
The supply of luxury apartments in central Hanoi is becoming increasingly scarce, pushing starting prices to new highs.
Vietnam's hospitality industry is undergoing a major transformation with a brand repositioning strategy that emphasizes unique, sustainable, and community-focused experiences.
High demand and limited supply drive transactions in major urban areas despite soaring costs.
Despite the real estate market's lackluster performance, several companies are accelerating land acquisition efforts.
