Walk among parks elevated hundreds of metres above ground, work out in top-notch gyms, swim in infinity pools overlooking the city and complete the luxurious living experience with a pampering spa and then an exquisite dinner in a world-class restaurant located just steps away from the comfort of your condominium apartment. You might be mistaken that you’re in New York, London or Singapore – except you aren’t. You’re actually living it up in Ho Chi Minh City’s District 1, or more popularly known as Saigon’s Wall Street.
ENTER THE DRAGON
In recent years, every high-heeled buyer wants a piece of the action in Southeast Asia, recognised as one of the best regions for investment. Enter Vietnam, which opened to foreign investments in the last decade with more factories moving operations from South China to Vietnam. According to an article in Bloomberg, Vietnam is “where southern China was 10 or 15 years ago”. Overseas investors are targeting the real estate market in Vietnam, zooming on luxury properties namely in District 1 and 2 of Ho Chi Minh City.
In addition, Vietnam looks set to benefit from the Belt Road Initiative. A Knight Frank report titled “New Frontiers: Prospects for Real Estate along the Belt and Road Initiative” ranked Vietnam 13th in the Belt & Road Index (BRI) 2019. The report also mentioned that over the past five years since the BRI was launched, USD 59.25 billion in Chinese-linked capital has been invested across transport, logistics and real estate in Southeast Asia.
This story is from the Issue 26 edition of PALACE Magazine.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the Issue 26 edition of PALACE Magazine.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
London Positions Itself As A Global Leader In The Property Market
London positions itself as a global leader in the property market by delivering world-class, placemaking developments to entice investors.
Steely Resilience
Singapore’s real estate business boomed even during the pandemic and here’s why
Phi Phi's Five-Star Resort, Zeavola
Phi Phi’s only five-star resort, Zeavola is a luxurious yet rustic retreat offering hillside pool villas and beachfront, garden and village suites, while fulfilling its management’s vision to create “the best possible hotel product embedded in sustainability”.
Soldiering On
How the pandemic changed the real estate business in the Big Apple.
Ocean Drive
Sentosa Cove, Singapore
Midtown Modern
Guocoland, Singapore
The Oceanfront
Sentosa Cove, Singapore
V On Shenton
Shenton Way, Singapore
1471 Forest Knoll Drive
With panoramic views of the Los Angeles skyline, living at 1471 Forest Knoll Drive makes every day seem like living at a private resort.
Masterful Hands
While some of the world’s leading architect design prominent buildings, under their deft hands they also design characterful products for the home.
