Clarify the location of The Marq Project Apartment of Hongkong Land
January 06, 2021
With projects "on the central bank" such as Sunwah Pearl, The Metropole Thu Thiem, prices increased quite rapidly in the past year, up to 10-20%, depending on the area and currently, the average price is 4,000 USD / m2 or more. According to many real estate experts, District 1 is considered to be a prime geographical location that many other areas do not have. First of all, District 1 in the centre of Saigon, adjacent to District 4, on the opposite side is a highland area, with a golden area on the edge of the Saigon River. Surrounding this is a system of major roads, including Nguyen Huu Canh, Ton Duc Thang, Nguyen Thi Minh Khai, Hai Ba Trung, Nguyen Van Cu, etc., these are the arterial roads of Saigon that quickly help to connect to many utilities and locations for residents.
The MARQ placed in the last land fund, which is licensed for high building
Additionally, District 1 is a part of District 2 by the Saigon River, Ben Nghe canal separates District 1 from District 4, Thi Nghe canal separates district 1 from Binh Thanh District. The Marq is not only situated in the city centre but also close to famous tourist areas, hence, it will be seen by investors as a vibrant market to pour money into. On the other hand, District 1 is home to Ba Son golden land, which is targeted by many investors because of its potential. Therefore, the presence of The MARQ in District 1 is viewed as a good start, bringing a lot of investment potential to all customers in general and investors in particular.
CBRE Vietnam has stated that real estate prices in Ho Chi Minh City area still remain extremely competitive with other cities in the region. In particular, this price is considered quite low compared to the property prices of countries in Southeast Asia, approximately 60-150 million VND / m2. Low price means the ability to attract large customers, leading to greater competitiveness. The residential life in District 1 is mad increased, the demand for a living is also rising, thus, shopping malls and utilities have developed and become vibrant in District 1 to meet the needs of customers. Remarkably, the interprovincial transport system, the increasingly completed major roads, have brought many benefits to customers, thereby attracting the investment of both domestic and international customers.
There are a few specific assessments of the project's location:
- Quality of life is classy, complete because it is the heart of the City.
- The central land fund is increasingly limited, no longer for projects.
- City decisions for central high-rise residential buildings.
- Service apartment rental potential. In the centre, an average of 24 - 42 USD / m2 / month.
- The average rental price of the apartments in District 1 is also very good.
Located in the heart of the centre, The MARQ project is convenient to move to every centre of the city:
From the HongKong Land apartment project in District 1, customers can quickly connect to:
- Ben Thanh Market for about 10 minutes.
- Nguyen Hue walking street for about 5 minutes.
- Thu Thiem new urban area, District 2 about 5 minutes (via Thu Thiem bridge).
- From the project connecting through District 3, District 4, District 5, Binh Thanh, it takes 5-7 minutes, very convenient.
Easy to access top utilities:
- Major shopping centres: Saigon Center - Takashimaya, Bitexco, Vincom Center, Diamond Plaza, Mplaza, etc.
- The city's key cultural destinations: Ben Thanh Market, Notre Dame Cathedral, Independence Palace, Con Rua Lake, Nguyen Hue Walking Street, Tay Bui Vien Street, Nha Rong Habor, etc.
- High-end health care centres: Vinmec, University of Medicine and Pharmacy, Korea Cosmetic Clinic, Victoria Healthcare International Clinic, Hanh Phuc International Hospital, etc.
The special thing that high-end customers love, is that although in the centre of a prosperous city, The MARQ still has inherited expensive green areas just 5 minutes to 10 minutes walk, bringing life to life. Thai and energetic for successful people:
- East: City Zoo and Botanical Garden
- West direction: Le Van Tam Park
- South: Tao Dan Park, September 23 Park
From the location of The MARQ apartment, residents can flexibly choose the Metro 2, 3, and 4 train lines that are about to form connecting to Cach Mang Thang Tam, Nguyen Thi Minh Khai and Hai Ba Trung streets to minimise the daily travel time.
The MARQ project is luckily located in an important subdivision of the city centre
With a growing demand for housing in CBD projects, plus a new policy approved by the city, from now to 2020, there will not be any housing in District 1, District 3. Any high-rise apartment project is approved, so supply will be extremely scarce in the coming years, but this creates an exclusive advantage that is unique to The MARQ.
Besides the new approved policy of the city, will officially take effect from 2020, the area of District 1, District 3, there will not be any high-rise apartment projects approved for construction. With the booming demand for housing projects in the CBD, supply will be extremely scarce in the coming years. Therefore, The MARQ apartment District 1 is predicted to be a potential project in the future.
The Marq belongs to one of the central land funds invested by the government:
In addition, the central core planning project has been approved by the city with 5 main subdivisions (930 hectares)
- Area 1 is a commercial and financial functional area (CBD)
- Area 2 is a cultural and historical function
- Area 3 is a new multi-functional development area
- Area 4 is a low-rise residential, cultural, educational and commercial function.
- Area 5 is the commercial business function that follows from area 1.
The MARQbelongs to area 4, this is an existing residential area where there are many old French colonial villas. With this area, the city decided to review, preserve, and limit development. As a low-rise area, the high-frequency planning of this area will be strictly controlled, in order to retain the existing landscape architecture and limit the area's population growth.
Therefore, high-rise projects like The MARQ in Area 4 will hardly be available. This will contribute to the increase in the value of The MARQ apartment in the future. In addition, in subdivision 4 there are subway lines 2, 3, 4 running through Cach Mang Thang Tam, Nguyen Thi Minh Khai and Hai Ba Trung.