“Bottom fishing” has been one of the trendiest search phrases on Google during the social distancing period in Ho Chi Minh City as buyers are seeking the biggest bang for their buck in the real estate market. This has cannoned attention to property prices at projects along Metro Line 1 which have reached an all-time high, most notably shophouses at Metro Star.
Shophouses only account for a small portion of urban projects, despite the business opportunities and high liquidity they offer by allowing owners to open their own business or quickly rent the property out.
With Thu Duc City being established , investors are paying more attention to shophouses along Metro Line 1 – and Shophouse Metro Star has been shooting to the top of investors’ wishlist due to its prime location facing the largest park along Hanoi Highway.
Connecting with Metro Station 10 via a modern overpass, the pedestrian area at Metro Star will accommodate all shopping and entertainment activities of residents and visitors. Located in the pedestrian area, Metro Star shophouses will bring about commercial value and profit potential, especially for business and service activities.
Shophouse Metro Star is becoming more attractive following the recent approval of the Ho Chi Minh City Department of Transport for the Urban Railway Management Board to construct a pedestrian bridge crossing Hanoi Highway and connecting with Metro Station. The pedestrian bridge will be 100m long and 3m wide, and will be roofed for pedestrians. Many investors have decided to cash in on the project when the pedestrian bridge connecting the project and Metro Station 10 is officially licensed for construction. Shophouse Metro Star is expected to generate high returns for investors.
Metro Star is developed in line with international standards with complete legal documents and quick payment procedures. The construction is guaranteed by French supervision unit Apave.
A new shopping mecca
The shophouse area is designed as a pedestrian street complex equipped with light and sound systems from South Korea and operated by experienced coordinators. It draws inspiration from Myeongdong district in Seoul, which is the most famous shopping mecca featuring fashion, entertainment, and street food.
Similar to Shophouse Metro Star, Myeongdong district is located next to Myeongdong metro train station. The neighbourhood has a chessboard shape including small pedestrian alleys of less than 500m in length. However, Myeongdong is home to thousands of famous brands, which is the origin of many trends of today's youth in the world.
The reality in the world and Vietnam shows that shophouses in urban areas will help owners to maximise benefits thanks to the delicate combination of traditional business models with modern interior design and infrastructure. The new shophouse model is superior to traditional townhouses thanks to a synchronous infrastructure system accompanied by a diverse and concentrated source of customers inside and outside of the urban areas.
Modern shophouses ensure profitable business opportunities while creating a harmony with living functions to create a top-notch living environment for the owners.
In particular, Shophouse Metro Star buyers will receive loan support from banks up to 70 per cent of the product’s value. The developer will support shophouse buyers with interest rates for up to 12 months and commit to buying shophouses back with a minimum profit of 20 per cent after one year of operation. The developer also commits to subleasing shophouses for 1-3 years with the rental price equal to 10 per cent of the selling price, increasing the compound interest for buyers.