Apartment for Sale in Ho Chi Minh, Vietnam | Expat Exchange Expat Exchange - REVIEW ON Q2 THAO DIEN PROJECT BY FRASERS CENTREPOINT LIMITED (GLENWOOD MAISON) - Tip for Living in Vietnam
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Apartment/Flat for Sale

Apartment for Sale in Ho Chi Minh, Vietnam

Ho Chi Minh , Vietnam

3 Bedroom / 3 Full Bath / Half Bath


Price: USD350,000

Living Space: 112

About the Property

August was quite quiet when no new residential projects were launched. Nevertheless, September will start with the launch of a luxury apartment project in District 2 called Q2 Thao Dien by Frasers Property after the brilliant success of D'edge by Capitaland - the leading luxury apartment project in HCMC market in quarter 3 of 2017.

Back to July when there was an obvious success of the two high-end and luxury apartments in District 2 in two subdivisions which are Thu Thiem new urban area and Thao Dien expats community- respectively Empire City and D'edge. With the selling price of both exceeded USD3,100 per sqm however surprisingly caused a noticeable "fever" when 100% of the stock sold out within a very short period of time. One interesting thing about these two projects is that 100% foreign quota was reached right on the opening day. Most of the buyers are familiar clients of the two brands Capitaland and Keppel Land, from Korea, Hong Kong, Taiwan, Singapore, and China. The biggest attraction of these two projects is the extremely strategic location which are Thu Thiem new urban area and Thao Dien most sought after expats community, combined with the brand of the prestigious developers having brought such a great success for Empire City and D'edge. In quarter 4 of 2017, An Phu - Thao Dien area in District 2 is welcoming another big brand name, Frasers Centrepoint - a "tycoon" listed on the Singapore stock exchange - coming with Q2 Thao Dien (also called Glenwood Maison), a project that is expected to continue the "fever" after Empire City and D'edge. There are 3 trends of choice in the high-end apartment segment particularly in district 2: Projects with green & fresh living environment (low construction ratio, more "green", close to river) - E.g: Diamond Island by Kusto Group Projects with great designs and good variety of high-quality amenities - E.g: Feliz En Vista, Gateway Thao Dien, etc. Luxury projects with outstanding quality and first-class facilities as well as service for the upper class - E.g: D'edge, Nassim, Waterina Suites. Q2 Thao Dien has similar boutique design concept to d’Edge Thao Dien. However, location of Q2 Thao Dien is better in term of walking distance to metro station No. 6. Project idea is to develop a small compound with landed properties (townhouses and villas), condos, serviced apartments, and retail shops. There are 3 groups of buyers suitable for Q2 Thao Dien: Group 1: Wealthy local people fond of modern luxury, comfortable, but also private space to relax after work. Group 2: Familiar buyers of Thao Dien area and Singapore's home product lines, these are foreign buyers from Asia such as Korea, Hong Kong, Taiwan, China and Singapore. They are professionals, entrepreneurs living and working in HCMC for long term, buying houses for the purpose of living, especially interested in projects near the metro line for the convenience of traffic. Group 3: High-end expats in HCMC renting apartments to live. With the brand of Frasers and the world-class facility systems, this is the right place for wealthy foreign tenants in the future. However, if you buy Q2 Thao Dien for the purpose of renting out in the future, there will be a rough competition with other developments in the same area such as Gateway Thao Dien, Nassim Thao Dien, or D'edge. The advice is that Q2 Thao Dien best suits the need to buy for living or assets accumulation. LOCATION OF Q2 THAO DIEN: ?Q2 Thao Dien is located in the most populous residential community in HCMC, bounded by Tran Van Toan Street, street No. 9, and street No. 10, just off the main road Hanoi Highway. Right in the heart of Thao Dien - the most sought after expats community. Very close to Saigon river, with unobstructed river views, and a fresh living environment. Right next to the main street Ha Noi highway, so easy to connect to CBD (district 1 - 15 mins) and other districts, especially the high-tech zone in district 9 (within 5kms), and 5 minutes from Thu Thiem new urban area. Especially, Q2 Thao Dien is right next to the metro station (3 mins of walking) so it is a big advantage in term of traffic. Metro Line No.1 is the first metro line to be completed by the end of 2019 which will go all the way from Ben Thanh market to Nguyen Huu Canh street (Binh Thanh district), to Ha Noi highway - An Phu ward, district 2. Other metro lines will be completed in the far future. However, the projects in the same area also have these same strengths. So if we compare further, does the location of Q2 Thao Dien have anything better than the neighboring developments? In fact, the location of Q2 Thao Dien is nothing so special compared to others in the same area. Moreover, the view towards Hanoi Highway from Q2 Thao Dien (1-bedroom and 2-bedroom apartments only) will be blocked by Masteri An Phu. The strong point of Q2 Thao Dien's location is the view of Sai Gon River which is very nice and airy, this is unobstructed view. (3-bedroom, 4-bedroom apartments and penthouses) Amenities and service of Q2 Thao Dien The impression at Q2 Thao Dien comes mainly from the difference in internal facilities system, similar to the luxury apartments in District 2 such as D'edge or Nassim right next to Q2 Thao Dien . In particular, Frasers has put a lot of effort into creating the best comfort for Q2's residents by designing a 5-storey podium that will be used for commercial and parking. Q2 Thao Dien is quite special when keeping the two different needs for amenities separated from each other: entertainment and relax. Entertainments: Located on the sixth floor of the commercial podium, with the highlight of a 50-meter infinity pool surrounded by glass, facing the river, well designed for residents to enjoy physical activities. Relax: 13th floor is an ideal space for residents to relax, read books in a bar with light music, a mini library and beautifully landscaped garden. This will ensure the lives of residents here better quality, away from the noise of the city and relax in their leisure time. Another remarkable point is that the design of the 6th floor will be up to 8 meters from floor to ceiling with the floating gym creating a unique feature for the building. In addition, another good factor is that Q2 Thao Dien is located in the most luxurious residential area in Thao Dien, so also inherited the system of external utility within 2km radius. Commercial malls: Thao Dien Pearl, Thao Dien Plaza, Vincom Mega Mall, Metro An Phu, Parkson Cantavil Premier, MM Mega market, Annam Gourmet, etc. Modern Cinemas: Lotte Cinema, BHD Cineplex, CGV Cinema. International Schools: British International School, Australian International School, European International School, ISHCMC, TAS, EtonHouse, etc. Medical Care: Family Medical Practice, Hoan My Clinic, District 2 hospital, An Phu International Clinic, Carmel-FMP International hospital, Phuc An Khang International hospital, European Dental Clinic, etc. Obviously, living in Q2 Thao Dien, the residents can be completely assured about the quality of life. The world-class internal facilities combined with the high-end amenities in Thao Dien area is the highest value that Q2 Thao Dien offers to its future residents. HOW ABOUT FRASERS? Fraser Centrepoints Limited (FCL) has extensive experience in the real estate industry with a portfolio of world-class housing projects in Australia, China, Thailand and the United Kingdom. FCL is an international real estate company listed on Singapore stock exchange and one of the leading companies in the country with total assets of over SGD 23.5 billion. In Vietnam, Frasers is well known for its three famous projects - Me Linh Point Tower in District 1 and two serviced apartment projects - Capri by Fraser in Phu My Hung (HCMC) and Fraser Suites serviced apartments in Hanoi. highly rated, well-known, and luxury. Fraser is a big brand with strong financial strength and their success has been proven by the ultra-class projects. Buyers can fully trust the reputation of this developer. IS THE ESTIMATED SELLING PRICE OF Q2 THAO DIEN REASONABLE? Until now the official selling price for this project has not been announced by the developer yet. However, it's predicted that the price of Q2 Thao Dien will fall in the range of USD3,000-USD3,400 per square meter. This price is much higher than the nearby Masteri An Phu project (around USD2,000 per sqm). But the comparison between Q2 Thao Dien and Masteri An Phu is a lame one since the two projects are in two completely different segments. Q2 Thao Dien should ideally be comparable to projects in the same or equivalent segment, such as Gateway Thao Dien (USD2,400-USD2,700), Estella Heights (USD2,300) -USD2,700), Nassim or D'edge which are in the same segment (from USD3,100 to USD3,700) With such a good condition of handover and its strategic location, the price of Q2 Thao Dien is considered reasonable. Q2 Thao Dien is also a rare luxury apartment located in such a favorable location. It should be noted that the amount of land available for new residential developments in An Phu - Thao Dien area is not much, especially pieces of land with fantastic location being right next to the metro line with unobstructed river view as Q2 Thao Dien. Besides, payment scheme for Q2 Thao Dien is very easy, lasting up to 3 years (Q2 / 2020). Q2 THAO DIEN is the ideal location for those seeking a home or investment that is CBD near, yet feels far away from the hustle and bustle of the city.

Contact Details

Hien Pham

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