The serviced apartment now has a new concept

CityHouse Apartment – a serviced apartment system management consultant have had a grand opening a strategic project in district 7, Ho Chi Minh city.

Belong to luxury serviced apartment segment, Sonata Residence is located on a 4,000 sqm ground includes 8 floors block. With the investment capital of 300 billion Vietnam Dong, the project has many modern facilities such as 2 swimming pools (infinity rooftoop pool, garden view pool), gym, restaurant – cafe, convenient store.

According to CityHouse Apartment, the project is situated on Nguyen Thi Thap street, district 7. Although it’s not the central core area but meets the full range of services and utilities at the highest level of central  serviced apartment concept with price from $330.

After the grand opening, the project offers over 10,000 floor sqm with 250 rooms including 200 serviced apartments and 50 hotel rooms. "In the context of district 7, there is no lack of apartment suppliers, but there has never been a full service concept at this price," said the representative of CityHouse Apartment.

According to statistics from Savills Vietnam, the market share of luxury serviced apartments in Ho Chi Minh City is often targeted at foreigners living and working in this urban area. Statistics show that in recent years, the number of foreign experts working in Vietnam has increased, in the total number over thousands of foreigners residing.

Savills Vietnam assesses, demand for serviced apartment is huge. In terms of location, serviced apartments are usually concentrated in the center or wherever has convenient transportation links such as district 1, 3, 7, Phu Nhuan ... These are areas with infrastructure advantages. Close to many public facilities such as school, hospital, entertainment area, shopping mall ...

"The presence of CityHouse makes the small real estate market of the core area and the rental properties with large area outside the core are enhanced and create a surplus value, "said the representative of CityHouse Apartment”.

CityHouse Apartment was first established in 2013, has now grown to over 60 locations with more than 2,300 serviced apartments varies between $330 and $2,000. With locations from the central core to the nearby areas, the customer segment focuses on foreigners, accounting for 90% of the more than 150 multinational companies in the system.

Source: https://kinhdoanh.vnexpress.net/tin-tuc/bat-dong-san/tp-hcm-co-them-250-can-ho-dich-vu-cao-cap-3793970.html

CityHouse Apartment