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April 11, 2009
The Phu My Hung Corporation Thursday announced its appointment of UK-based property consultant Savills as its sole leasing and management agent for The Crescent in District 7, Ho Chi Minh City.
The 150,000 square-meter development is expected to cost around US$200 million in the first phase, which will include the first serviced apartment building called Crescent 1. It will be completed in December 2009.
The $200-million second stage, to be finished by the end of 2010, will comprise Crescent 2 and 3, a shopping mall and office building.
In all, there will be 297 serviced apartments, 10,000 square meters of office space, 20,000 square meters of waterfront retail space, and a 60,000- square meter shopping mall.
Brett Ashton, managing director of Savills Vietnam, said: “The monthly rental prices at the Crescent would range from $25-80 per square meter for retail outlets and $1,800 a month for four-room serviced apartments.
“The prices for office rental will be available soon,” he said.
Phu My Hung names Savills sole leasing agent for new property
April 11, 2009
The Phu My Hung Corporation Thursday announced its appointment of UK-based property consultant Savills as its sole leasing and management agent for The Crescent in District 7, Ho Chi Minh City.
The 150,000 square-meter development is expected to cost around US$200 million in the first phase, which will include the first serviced apartment building called Crescent 1. It will be completed in December 2009.
The $200-million second stage, to be finished by the end of 2010, will comprise Crescent 2 and 3, a shopping mall and office building.
In all, there will be 297 serviced apartments, 10,000 square meters of office space, 20,000 square meters of waterfront retail space, and a 60,000- square meter shopping mall.
Brett Ashton, managing director of Savills Vietnam, said: “The monthly rental prices at the Crescent would range from $25-80 per square meter for retail outlets and $1,800 a month for four-room serviced apartments.
“The prices for office rental will be available soon,” he said.