Demand of office leasing in The Phu My Hung City Centre's International Commercial and Financial District will increase in momentum when Viet Nam accedes to the Trans-Pacific Partnership. — VNS Photo

HCM CITY (Biz Hub) – Crystal Palace, a new four-star property, has opened in the International Commercial and Financial District of Phu My Hung City Centre in HCM City, offering an ideal new destination to organise parties, weddings, and business meetings in the area.

The 11,500sq.m hotel has nine floors with 80 guest rooms designed in European style.

It can accommodate 1,500 guests at wedding and other parties. Its restaurants offer several foreign cuisines and live music.

Crystal Palace is a small part of the Phu My Hung City Centre's International Commercial and Financial District, which is comparable to Manhattan in New York or Shinjuku in Tokyo for the presence of famous names in the financial sector that offer comprehensive services.

Experts predict that this international commercial and financial district will soon share the burden with HCM City's financial centre.

They say it has even more advantages than the former since it has been developed as a model modern urban area with comprehensive infrastructure and convenient transportation and is near Cai Mep – Thi Vai and Hiep Phuoc ports.

The 46ha international commercial and financial district is one of eight districts in the Phu My Hung City Centre.

The Phu My Hung City Centre's International Commercial and Financial District is designed to be on par with major commercial centres in the world. — VNS Photo

It is planned for development as a central business district of international standard with numerous facilities including offices, malls, banks, restaurants, hotels, and service and entertainment facilities.

Thanks to the availability of all kinds of facilities, many companies and investors have flocked to the district for both working and living.

Hundreds of companies and banks have opened offices in the district, including Vinamilk, Unilever, Manulife, Viet Nam's sole BMW distributor Euro Auto, Toyota, Porsche, Mercedes, Vietcombank, BIDV, Eximbank, and Indovinabank, etc.

Restaurants and cafes like Highlands Coffee, Pho 24, Tib, NYDC, and Yeboo are also mushrooming.

The Sai Gon Exhibition and Convention Centre here is the country's biggest exhibition centre and hosts hundreds of major events like Vietbuild and the Viet Nam Motor Show.

Phu My Hung Development Corporation said that to further develop the district many buildings have been being built.

The Phu My Hung City Centre's International Commercial and Financial District is connected to The Crescent, Medical District creating a 102ha financial and entertainment hub that provide conveniences for residents. — VNS Photo

Star Hill, finished late last year, is the first housing project in the district and has captured attention of the crowd especially after the amended housing law follows the relaxation of property rights foreigners. The property, situated in the heart of the district, comprises 14 buildings of 4 to 18 floors with apartments, townhouses, and shops.

It is highly recommended thanks to the value it brings investors whatever the reason for their purchase, whether to live or lease out.

Realty experts say not many housing projects in HCM city are as attractive as Star Hill because, along with greenery, it also has many modern facilities like a gym and a swimming pool.

Four facades of Star Hill open to four main streets of The Phu My Hung City Centre's International Commercial and Financial District. — VNS Photo

People who live here will also benefit from all the banking, entertainment and shopping facilities at the international commercial and financial region including, they add.

Star Hill brings buyers benefits even if they buy it as an investment.

The international commercial and financial district is a place where professionals and white-collars workers live and work. Furthermore, a large number of customers come here every day. That is why buying at Star Hill to open a shop or restaurant is a really smart choice.

Star Hill residents can enjoy many on–site amenities. — VNS Photo

Demand to lease apartments is also very high in the district, and it is difficult to even find a vacant apartment in the centre.

Experts predict the value of Star Hill to keep increasing in future when more buildings, more companies come up in the district. When Vietnam accedes to the Trans-Pacific Partnership and proceeds on-going infrastructure development such as transportation, metro system and economic zones in the South of HCM City, the district will have more energy to develop. — VNS