SINGAPORE, Sept. 28, 2022 (GLOBE NEWSWIRE) — It is nice information for Druce – the worldwide gross sales company of Grand Marina, Saigon and The Ritz-Carlton Residences, Hanoi. Both developed by Masterise Homes with companies offered by Marriott International, the 2 initiatives have seen robust purchaser curiosity from Asian and European markets.
In September 2022, Druce organized VIP consulting classes in Singapore to introduce Marriott branded residential flats in Vietnam.
Robert Bartlett, CEO of Druce Global, shared: “We had positive responses with great appetite in various markets. With our 200 years of experience with prime property all over the world, we knew that we could showcase Marriott Residences & JW Marriott Residences at Grand Marina, Saigon and The Ritz-Carlton Residences at The Grand, Hanoi around the world and that they would look extremely favorable in comparison with non-branded residences in the global markets. This showcases Vietnam in the best light and underlines the fact that real estate developments have now met the highest standards of the international market.”
Investors in Singapore paid particular consideration to Vietnam’s branded residences.
This isn’t the primary time Vietnam attracted international buyers in the branded residence sector. In 2021, Masterise Homes partnered with Asia Bankers’ Club to launch Grand Marina, Saigon in Hong Kong which additionally had nice gross sales outcomes amidst the worldwide pandemic.
These steady successes spotlight the nice demand for funding properties in Vietnam and the boldness worldwide buyers have for residences affiliated with Marriott International manufacturers.
They are sure-fire investments for world buyers. Both Druce and Asia Bankers’ Club attributed the success to 2 key elements together with their prime location in Vietnam and their affiliation with the world’s main hotelier manufacturers.
The twin – branded Grand Marina, Saigon brings to Ho Chi Minh City’s coveted District 1 branded models from two Marriott International manufacturers – JW Marriott and Marriott. Overlooking the northern banks of the Saigon River, this trophy asset fuses uncompromising high quality and world-class Italian fitouts complemented by the devoted companies and signature facilities from JW Marriott and Marriott. The high quality of the event is backed by the power of the Marriott International manufacturers, its world community and the assure of easy dwelling possession.
Vietnam’s first Ritz-Carlton Residences, The Ritz-Carlton Residences, Hanoi is a boutique branded house complicated, that includes 104 models rising up in the guts of the Old Quarter, town’s primary business hub. Located in a fascinating space with fascinating structure, atmosphere and historical past, The Residences is a landmark that marries the very best fashionable ranges of amenity with historic workmanship and design. The undertaking attracts a big viewers of loyalists and trophy collectors who determine with the legendary model’s way of life whereas offering an announcement of your discerning style and an distinctive eye for selecting solely the very best.
Savvy buyers and luxurious way of life connoisseurs have greater than sufficient causes to scoop up these timeless property. First up is the plain status of proudly owning a globally acknowledged branded residence. Then there’s the funding attraction of Vietnam property market.
Since 2015 when Vietnam legalised international property possession, the market has been receiving growing curiosity from international buyers, particularly in the high-end sector.
Dung Duong, government director at the true property companies and funding agency CBRE, mentioned, “With the number of ultra-high-net-worth individuals significantly increasing in Vietnam and foreign investors making a comeback after the pandemic, high-end and luxury properties will continue to receive a lot of interest, especially well-branded projects with assured product quality. Vietnam will see a strong appetite for branded residences as this sector is still in its infancy in the local market and the pricing is more reasonable compared to the regional level, which offers greater upside potential.”
In 2021, Marriott’s milestone branded residential undertaking – Grand Marina, Saigon signified worldwide confidence in the nation’s robust fundamentals – and its significance on the worldwide actual property map. “Vietnam is a vibrant destination and has over the years experienced record levels of tourism as international travelers flocked to the country and domestic travelers began to discover the many wonders available in their own backyard,” says Emma Smithson, Regional Director of Residences Operations, Asia Pacific, Marriott International. “With the recent reopening of borders, we are hopeful for Vietnam to rebound rapidly, and we are excited to expand across even more parts of this captivating country.”
As Marriott introduced plans to broaden its portfolio fourfold in Vietnam over the subsequent few years, it continues its vote of confidence in each Vietnam’s constructive financial growth and the branded residence sector. Buyers can actually take coronary heart from this.