Frasers Property introduces Q2 Thao Dien residential project

Singaporean property developer announces second project in HCMC, with construction and hand over expected to be completed by 2021.

Frasers Property, the real estate arm of Singapore’s Frasers Centrepoint Limited, has recently presented its first residential project in Vietnam, Q2 Thao Dien, in Ho Chi Minh City’s District 2.

Q2 Thao Dien sits on one of the few remaining riverfront spots for high-rise towers in the area, with hand over expected by 2021.

Strategically located in close proximity to the under-construction Metro Line No. 1, Q2 Thao Dien enjoys ease of access to key areas in Ho Chi Minh City and residents will enjoy even greater convenience and time-savings once the metro line is completed.

The project comprises a residential complex with 315 apartments, 15 street-facing shops, and a commercial block. There are also 12 townhouses and six semi-detached villas. Developed in partnership with the Vietnam-listed boutique developer the An Duong Thao Dien Real Estate Trading Investment JSC, the estimated total development cost of Q2 Thao Dien is nearly $85 million.

“Frasers Property is excited about this opportunity to present Q2 Thao Dien, a mixed-development project, to the Vietnamese market,” said Mr. Allan Tay, Frasers Property Country Head. “We see great potential in Vietnam, particularly in the burgeoning financial hub of Ho Chi Minh City. Having owned and managed Me Linh Point in the city for over 20 years, we are pleased that our long-awaited second development in Vietnam is in one of its coveted residential areas. Our group has developed and sold thousands of quality residential units across Asia-Pacific and Europe. We look forward to bringing our expertise to deliver a level of quality to this project befitting its superb location facing the great Saigon River.”

Located on a 7,900 sq m plot just off the Hanoi Highway, Q2 Thao Dien will offer one- to four-bedroom units as well as loft-style penthouses of more than 250 sq m. Owners will enjoy a riverfront view looking towards Thao Dien and Thanh Da Island as well as benefit from the convenience of access to a well-connected transportation network, especially once the metro line is in operation. Townhouses and villas will range from 300 to 450 sq m.

“Thao Dien fosters such a vibrant community on the river and is something we wanted to encapsulate in our new development,” said Ms. Jolene Lau, Head of Sales and Marketing, Vietnam, at Frasers Property. “People are intrigued by its trendy café, boutique, and bistro culture, as well as drawn to the natural elements of fresh air and tree-lined streets. Along with its international schools and proximity to everything a growing family needs, Thao Dien is truly morphing into a place that matches the essence of such places as the Notting Hills and Greenwich Villages of the world. We’re excited to be able to offer this lifestyle to buyers of and investors in our project.”

Frasers Property, the international property brand of Frasers Centrepoint Limited, is a fully-fledged multi-national real estate company and one of Singapore’s leading property companies, with total assets of more than $27 billion as at the end of September.

by Hong Nhung