Mapletree hand over One Verandah ahead of schedule 

Mapletree is seeing high demand for its high-end apartments at the One Verandah project in District 2

The group, headquartered in Singapore, has further progressed to commence the handover of the apartments to its first residents.

Despite the challenges resulting from COVID-19, Mapletree welcomed its first batch of residents to One Verandah in June.

One Verandah is an award-winning residential project development with a modern and luxurious living environment as well as premium quality property management and facility services to cater to the needs of residents of all ages.

The early handover was possible thanks to Mapletree’s adoption of a disciplined approach in executing its development plan.

As of March 31, the group owned and managed S$60.5 billion ($43.7 billion) of office, retail, logistics, industrial, data centre, residential, and lodging properties. To date, Mapletree’s investments in Vietnam have exceeded S$1 billion with assets across Hanoi, Ho Chi Minh City, Binh Duong, and Bac Ninh, as well as eight warehouse assets.

Buyers were taken with the quality of life offered by One Verandah

The preferred choice

Situated in the heart of District 2’s Thanh My Loi area, One Verandah occupies a 1.7-hectare land area. Its unique location among four prominent frontages of Ta Hien, Bat Nan, Nguyen Van Kinh, and No.103 make it stand out from other projects in the same area.

It comprises five blocks (Soleil, Viento, Jardin, Ciel, and Luminosa) with 779 apartments, 27 shop-houses, and a two-storey carpark.

One Verandah offers a full array of condominium amenities that include an 8,000-square-metre entertainment deck on level 3, specially designed for family bonding activities and residents of all ages.

Other facilities include an Olympic-length swimming pool, a recreational pool, gymnasium, running track, and library, as well as herb gardens and children’s playgrounds.

Each unit at One Verandah is thoughtfully designed to maximise the view with a private outdoor space that also offers panoramic views of the city’s skyline.

This unique riverside living space aims to offer homebuyers a comfortable escape from the bustle of city life. Combining intelligent design, high-tech specifications, and contemporary architecture, One Verandah has been configured to fulfil the varying needs of modern lifestyles.

Positive feedback

In June, Mapletree welcome its first residents to One Verandah. One of the first owners at Block A shared that he was impressed by the professional working style of the handover team from Mapletree and CBRE Vietnam – the management agent for the project. “They have gone the extra mile to prioritise the residents’ needs and make us feel welcome,” he said.

As an experienced homebuyer, another owner believes that One Verandah is one of the most high-end residential projects in District 2.

“For me, buying a property which will become my home is an important decision, one which requires due consideration to ensure that your property will suit your lifestyle and maximise your investment in the long run,” she said.

One Verandah is located in one of the city’s most sought-after areas

Potential investment

District 2 will remain a highly sought-after area for development, with abundant land funds and prospective investors eyeing the newly-formed residential areas in Thanh My Loi, which is also the location of the District 2 People’s Committee. Property values in this area are also expected to continue to increase with the completion of infrastructural developments.

With its prime location next to the Saigon River, the award-winning One Verandah bagged the “Best High-End Condo Architectural Design” as well as a highly commended award for “Best High-End Condo Landscape Architectural Design”.

In a survey of investment trends in the residential market for the first quarter of 2020 conducted by CBRE Vietnam, the majority of respondents indicated interest and priority to purchase apartments in District 2 and consider it to be an ideal area to live in.

In continuation of the success of the high-end apartment segment, Mapletree is creating a new wave in the residential market in District 2, with One Verandah being one of the last high-end, river-fronting apartment projects in the Thanh My Loi area.