Living in luxury apartments: A new trend of rich people in Sai Gon

Wealthy customers in Ho Chi Minh City are now paying attention to luxury apartments with prime location and exclusive amenities.
As stated in a report on Ho Chi Minh City Real Estate market for the first 6 months recently published by Vietnam Association of Realtors, the absorption rate of luxury apartments in Saigon is strongly fluctuating.

If the absorption rate of luxury and super luxury apartments was only approximately 64 percent in 2018, this number significantly went up to 81.3 percent in the second quarter of 2019, leading the liquidity of the whole market.

It can be seen from recent observation of actual situation of HCMC real estate market that a large number of big investors are creating distinct premium real estate products to meet changing demands of rich people a little while back.

An example to be mentioned is Branded Residence (apartments with international brands) at CapitaLand’s D1mension project. Located next to Somerset Serviced Residence in District 1, D1mension is under direct management and operation of The Ascott Limited. D1mension is the first Branded Residence in the center of Ho Chi Minh City with the owner being a prestigious foreign investor.

Or a most recent example to be mentioned is Sunshine Diamond River luxury apartment and shopping mall. Sunshine Diamond River, located on the front of Dao Tri Street, Phu Thuan Ward, District 7, HCMC, adjacent to Saigon River, which has been introduced, owns its distinctive marking in luxury real estate segment as a “green, modern and intelligent complex” with the application of 4.0 and IoT technologies to operation management with resort like amenities