The eye-catching Cantavil Premier Mall

A high-traffic mall in an urbanizing center of Ho Chi Minh City, Vietnam will join the upcoming Relex Development investment platform with its full valuation totalling $40 million USD.

The Cantavil Premier Mall is located in Thu Thiem, the new urban heart of of Ho Chi Minh City located in District 2. One of the most aggressively thriving areas of the country, its population has increased tenfold in the last six years alone. The offering was presented to attendees at the Relexation summit by developer Ken Vo, an expert in strategic land acquisition.

The mall is built on 1.1 hectares of land, has two basements and 36 floors, and is located at the intersection of major thoroughfares. 300,000 people are within five minutes of the building, 700,000 within ten, and 1.1 million within 15 minutes. The locality is home to 100,000 high-end apartments, 10,000 of which are within a five minutes walk from the mall.

The mall already attracts 256,000 people per month, or over 8,000 people per day. That number will likely soon boom.

Already nearby to Vietnam’s National Highway #1, which connects North and South Vietnam and is the most heavily traversed road in the country, the mall will soon find itself even more so in the limelight. Ho Chi Minh City’s Metro Line #1 is currently under construction, slated to finish in 2020. The metro is located directly across the street from Cantavil Premier Mall.

A second metro line, Ho Chi Minh City’s Metro Line #2, is currently in the land clearing stage. It will be located only five to ten minutes away from the mall.

With a burgeoning population in Thu Thiem and a growing number of transit hubs nearby, the mall is poised to benefit from the infrastructure developments in the area. In order to keep up with modern trends, the mall has placed less of a focus on retail shopping and more on a complete entertainment experience.

Basement — Full Supermarket

First and Second Floors — Retail Shopping

Third Floor — Sports Zone

Fourth Floor — Game Center, Kids Zone, English School

Sixth Floor — Full beauty salon

Seventh Floor — Lotte Cinema, the only movie theater in 5 kilometers

Eighth and Ninth Floors — Office space to 1,000 workers

Tenth to Thirty-Sixth Floors — Residential apartments

The mall received $3.0 million USD and $3.2 million USD (projected) EBITDA in 2017 and 2018 respectively, with a 5 percent appreciation expected in 2019.