A series of luxury real estate in Vietnam first appeared on international stock exchange

Vietnamese luxury real estate has the opportunity to "enter" the global market when an investor listed the entire luxury project on Christie's.

The Grand Marina, Saigon project in District 1 is one of the projects listed on CIRE's global network, opening up real estate transaction opportunities with the world's "giants" - Photo: NGOC HIEN

On March 11, Masterise Homes held a cooperation signing ceremony with S&S Christie's International Real Estate (S&S CIRE) and announced the listing of the entire portfolio of luxury and super luxury products developed by the company on the global platform Christie's International Real Estate.

At the event, the list of real estate projects developed by Masterise Homes listed on CIRE's global network was also announced, including Grand Marina, Saigon - the world's largest Marriott & JW Marriott branded apartment complex (District 1, Ho Chi Minh City), The Rivus (Thu Duc City) and high-value SOHO commercial townhouses located in The Global City urban area (Thu Duc City).

Ms. Thi Anh Dao - Director of Brand Development of Masterise Group - said that listing on the global network will help global customers have important meaning, helping to connect the company's projects with the global high-class customer group, Vietnamese real estate will compete on par with luxury real estate markets in New York, London, Dubai...

According to Ms. Dao, branded real estate in Vietnam accounts for less than 1% of the total supply. Currently, the price of branded real estate in Vietnam is significantly lower than in Bangkok or Singapore. Ms. Dao said that in Bangkok, the average price is 8,500 USD/m², and in Singapore it is about 23,026 USD/m², while in Ho Chi Minh City or Hanoi, this price is 30 - 50% lower.

Ms. Tu Le - S&S Group's operations director - assessed that Vietnam has great potential to become a new hot spot for global branded real estate. According to her, Masterise Homes' projects selected for listing on the global CIRE system are all projects invested in, built and developed according to the standards of prestigious brands in the world.

According to a report from New World Wealth and Henley & Partners, Vietnam is one of the countries with the fastest growth rate of millionaires (owning net assets of 1 million USD or more) in the world, increasing by 98% in the period 2013 - 2023. In the next 10 years, total personal assets in Vietnam are forecast to increase by 125%, the fastest growth rate globally.

Research from Henley & Partners also shows that people with a net worth of $1 million or more in countries around the world often migrate to countries with favorable business environments, preferential tax policies, high quality of life, or great investment potential. Vietnam, with its rapid economic growth (GDP increased by an average of 6-7% per year over the past decade) and strategic location in Southeast Asia, also promises to be an attractive destination for international wealthy people.

Source: https://tuoitre.vn/loat-bat-dong-san-hang-hieu-o-viet-nam-lan-dau-len-san-quoc-te-20250311230057335.htm