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HCMC Boom Real Estate Along The River

A series of villas, townhouses and apartments overlooking the rivers and canals in Ho Chi Minh City are being offered for sale but still not meet the market demand.

Perhaps, the phrase “the first is near a market, the second is near a river, the third is near the road” is still considered as a prerequisite for home buyers. Following the transformation of the infrastructure system is the formation of a series of riverside urban areas, encircled around Saigon.

The most popular is the Vinhomes Golden River. This project has been invested by Vingroup and its key partners with the aim of becoming the most luxurious and modern eco-urban area in Vietnam. Vinhomes Golden River is located at 2, Ton Duc Thang, District 1 with its frontage along the Saigon River.

Ho Chi Minh real estate
Vinhomes Golden River is the most advanced riverside project.

When the Ben Thanh – Suoi Tien metro line is put into operation, there will be the third station located in the project. Vinhomes Golden River will be connected seamlessly with Vinhomes Central Park to create a new, modern and prosperous appearance on the Saigon River.

Another Vingroup project, Vinhomes Central Park, is also creating a perfect living space, a trend of harmony with nature and 5-star living standards. The project is inspired by Central Park of America with a total area of nearly 44ha.

In South Saigon, the Jamona Golden Silk Urban Area is attracting a lot of customers with its inherent advantages and new trends in living space choices.

Jamona Golden Silk is located on Bui Van Ba Street, District 7. The project has an investment of more than VND2,200 billion with 31 completed internal facilities. Jamona Golden Silk covers an area of nearly 8ha, pairs the flow of Cau Kinh River and Ben Ngua canal. With a perfect location, Jamona Golden Silk is one of the last remaining closed projects in the land fund of Saigon South.

Also in Saigon South, the Lavila project is planned as a modern new urban but still retain the fresh nature. The project is 400m contiguous Blue River will be the advantage to help Lavila always have cool air and natural wind.

Ho Chi Minh real estate
Vinhome Central Park project is inspired by Central Park of the United States with a total area of nearly 44ha.

Lavila also owns a 4-hectare park and lake with a design inspired by the famous Dutch Keukenhof. In particular, the interior is planned into three closely linked by the walkway, the carpet flowers spread, the bridge across the lake.

After the high-end segment, other mid-range projects such as Opal Riverside are located close to the Saigon River in Thu Duc District, Fuji Valora near Rach Chiec River in District 9, River City in District 7 with a scale of 8,000 units. with 3 sides of Saigon River, next to Mui Dieu Red Park …

In the west of Saigon there are also projects located along the canals but on a smaller scale. Each project offers only a few hundred apartments such as Heaven Riverside near Ba Ca canal, Viva Riverside near Lo Gom canal …

The supply is not enough

Talking to the reporter, Ho Huu Xuyen, deputy general director of Kien A Group, said that riverside real estate is creating a new trend of living and high liquidity. Recently, the company decided to open the last 30 Lavila garden townhouses and had the best location, sooner than expected. From the end of September to now, Kien A has launched three products of the project Lavila, but not enough to meet the needs of the market.

Similarly, the Jamona Golden Silk villa also proved to be particularly attractive as it witnessed a tremendous amount of transactions during its second sales phase in early November. In August, the Jamona Golden Silk project, Advantage in the heart of District 7 has created fever when consumed more than 70% basket in the first sale.

“As urban living stresses, the need for a quiet place in the middle of nature with a high level of service to balance life and renewable energy is a must. Riverfront projects have the necessary advantages to meet that need, “said Le Anh Thu, a customer of the Jamona Golden Silk project.

Ho Chi Minh real estate
Customers learn Jamona Golden Silk project

Tran Quang Khanh, general director of Viet An Hoa Company, said that 2016 is the time of real estate frontage or river view. The projects are located near, even the banks of rivers and canals 1-3 km are attracting much attention and dominate the supply of the whole market. The price of a riverfront property is 20% higher than other locations.

Explaining the attractiveness of riverside real estate, Quang said that in addition to the important values of commercial location, the view of rivers, lakes and canals is a second criterion for creating real estate value. Nowadays, investors have taken advantage of this to create a coveted value for real estate. It is a philosophy that attaches a greenish patch to a concrete block.

“As the real estate market is in a good development stage, real estate projects are not only a place for relaxation but also a place to enjoy life in harmony with nature and water. Therefore, it is not surprising that a series of riverfront projects have exploded in the current time targeting middle-class customers, “Quang said.

Although a series of riverside projects spring up, the general planning of the People’s Committee of Ho Chi Minh City is also very interested in the riverfront. Ho Chi Minh City has retained the face of the Saigon River to the west and left the distance from the river edge to the residential area is 50m. Meanwhile, in District 2 and Thu Thiem, the distance from the river edge to the residential area is up to 100m.

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HCMC Boom Real Estate Along The River
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