Sapphire starts building HOLM riverfront complex

September 28, 2015 | 08:33

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Real estate developer Sapphire has begun construction of the HOLM riverfront residences at 151 Nguyen Van Huong street, Thao Dien, District 2 in Ho Chi Minh City.

Located on the Thao Dien peninsula, the 2.7 hectare site has more than 200 metres of river frontage, which will house 29 villas with land ranging from 272 square metres to 1,018sqm. Registrations of interest are now open at the residences’ website. The villas will be handed over in the fourth quarter of next year with all appliances and furnishings included. Hoa Binh Corporation and Prime Construction & Trading Co. Ltd were appointed as the main contractor and interior decorator of HOLM Residences.

Sapphire develops both residential and commercial projects in Vietnam. Other projects by Sapphire include the office building President Place in District 1 of Ho Chi Minh City, the beachfront Sanctuary Ho Tram Resort Community in the southern province of Ba Ria-Vung Tau, the Centrepoint office building in Phu Nhuan district of Ho Chi Minh City and the City Garden apartment complex, also in Ho Chi Minh City. Vietnam’s real estate market, especially the high-end segment, has seen a revival, and is likely to see strong growth in the near future.

In the first eight months of 2015, successful transactions in Hanoi and Ho Chi Minh City reached 13,000 and 12,000 respectively, almost doubling the figures for the same period last year, according to former Deputy Minister of Construction Nguyen Tran Nam at the 3rd Annual Real Estate Symposium recently held in Ho Chi Minh by the Australian Chamber of Commerce in Vietnam.

By By Khanh Tran

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