In 2017, the real estate market is hotter with the appearance of many riverside projects. These real estate projects are located along rivers and rivers, attracting customers not only by the green living space, close to the natural but also in the direction of catching the waterway infrastructure, Price in the future.
Many large and small investors are constantly racing to hunt down riverside land funds for project development.
The urban traffic has become overwhelmed with the need to find a place to live in the suburbs – where living spaces are cool and good neighborhood links are favored. The city has advocated investment budget up to 11,000 billion for development of waterway traffic to reduce the congestion burden for roads.
The project to build two waterway bus routes: The waterway bus route was officially put into operation in June, 2017, extending from District 1 to Thu Duc and District 8, which partly contributed to the significant traffic load. Road and river development opportunities for tourism of the area.
According to Jones Lang LaSalle (JLL) investment and professional services group, riverfront projects tend to develop, focusing on entertainment, hotel, housing … In 2017, the number of flats is increasing, mainly coming from infrastructure projects. The apartment projects are built into closed ecological coastal area with full facilities inside are also focused investment by the fresh environment and investment easy to achieve high profitability. In addition, due to durable properties, the value of riverbank houses is 20-30% higher than other real estate products.
Reason for potential riverine property:
- The design of the riverside projects are often close to nature, with many convenient home-stay amenities.
- According to the feng shui of the Asian, the apartments are located in the “watery position” is considered the gold standard in feng shui, bring the gas and prosperity for homeowners.
- Living standard of the people is increasing, apartment is not only a place to live but also a place to enjoy.
- Coastal land funds are increasingly scarce, selling prices are constantly increasing.
- The riverside areas are easy to develop yachts, waterway buses … diversify the means of transportation.
We introduces the top 5 outstanding riverside real estate projects that have been launched in Ho Chi Minh City.
Vinhomes Golden River Urban Area
As a pioneer in the riverside ecotourism model, Vinhomes Golden River Apartment owns a geographical location linked to the historical-cultural values of Vietnam – the Ba Son port. Vinhomes Golden River is the only ecological urban area in District 1, with the scale of up to 25.29 hectares. Under the talented hands of the architects of the leading EDSA landscape design company, Vinhomes Ba Son appears as a riverside masterpiece.
As a new symbol of Ho Chi Minh City, Vinhomes Golden River is full of stunning facilities such as the central flower square, riverside park, fountains, tropical gardens, nursery gardens. In particular, Ben Thanh – Suoi Tien metro line 1 is underground and runs along the urban area with the Ba Son station located below the square, helping residents easily connect to the surrounding area.
The project will be launched in 2016 and will be handed over to customers in December 2017. It can be said that with a riverside, near subway project and located in the heart of district 1, Vinhomes Golden River has set a record for a living space only for the upper class.
- The whole area, 25.29ha
- Scale: Includes 16 buildings, 40 floors, 5050 apartments, including 4 subdivisions:
- The Front: 3 apartment buildings
- The Luxury: 6 apartment buildings (the highest building)
- The Aqua: 4 apartment buildings – because of the frontage of Sai Gon River and Thi Nghe Canal (open for sale in advance)
- The Victoria: 63 villas 225 – 475sqm
- Construction density: 18.6%
- Basement: 1-4 floors
- Type: The project is a complex model of high-end complexes including: service offices, hotels – apartments, super-luxury villas.
- Selling price of apartments: 75-130 million / sqm, villas: 400-500 million / sqm
- Convenience: Central Plaza, Underground Metro Station within the project, internal park, children’s play area, marina, indoor pool, commercial center, multi-purpose school, Vinschool, waterfall , Tropical garden paradise, BBQ area, …
- Location: No 2 Ton Duc Thang, Ben Nghe Ward, District 1
- Status: Open for sale
- Handing over: basic finishing, rough handover villas
- Selling rate: 78%
- Delivery time: December 2017
Vinhomes Central Park Urban
Vinhomes Central Park Apartment Project is also built into a riverside urban area with outstanding facilities. Owning a prime location in the Tan Cang – Binh Thanh district, between the Districts 1 and 2, Vinhomes Central Park embraces 1km of river to form a metropolis.
Inspired by Central Park and the world-famous New York City, with a total area of 43.91 hectares, Vinhomes Central Park is committed to providing guests with a perfect living environment in harmony with the nature and standard of 5-star quality living, creating the true value of life – worthy of the modern and most advanced urban area in Vietnam.
- Apartment area: 50 – 200 sqm
- High-class villas: 320 – 750 sqm
- Attractive price: apartment area from 50 million / sqm, luxury villa area from 180 million / sqm
- Owner: Vingroup
- Size: 43.91 hectares, including 3 apartments, from 31 to 81 floors, 11,189 apartments and 88 upscale villas.
- Status: Open for sale
- Selling ratio: 91%
- Handing over: basic finishing and complete finishing
- Utilities: Vinmec 5 star international hospital, Vinschool school system, commercial center, swimming pool, coffee shop, …
- Location: 206, Nguyen Huu Canh, Binh Thanh Dist. Ho Chi Minh
- Delivery time: August 2016
Sunwah Pearl is the third product of Sunwah Hong Kong Group after the success of two high-end apartment project Sunwah Tower in District 1 and Saigon Pearl in Binh Thanh District. With a prime location, modern design, a variety of high-end facilities, Sunwah Pearl is considered as a “jewel in the heart of Saigon” in the Binh Thanh District. All bring residents will a beautiful life both material and spiritual life when residing in Sunwah Pearl apartment – Binh Thanh.
In early July, 2017, the investor has deposited towers B1 and B2. According to updated information, apartments in Block B1 and B2 of Sunwah Pearl Hong Kong have been deposited almost. However, the supply is not enough to make the project become “hot” than ever. Therefore, investors continue to launch block B3 as an optimal solution to satisfy the “thirst” of customers.
Project Owner: Sunwah Group
Design unit: EJGA Corporation
Land area: 19,071 sqm
Scope of project: Commercial and service area (01 office tower: 30 floors)
Apartment complex combines trade services (03 Towers: 45 floors)
Apartment area: 1 bedroom apartment: 51 – 53 sqm, 2 bedroom apartment: 97 – 105 sqm, 3 bedroom apartment: 122 – 124 sqm
Expected price: from 2200-2500 USDS
Project location: 90 Nguyen Huu Canh, Ward 22, Binh Thanh District, Ho Chi Minh City
Expected delivery: Q4 2019
Marina Bay Project (coming soon)
Marina Bay is invested by Ho Chi Minh City Infrastructure Investment Joint Stock Company (CII). The project is located in the northern residential area (functional areas 3 and 4) of Thu Thiem Urban Area and has a north-south side of the road linking Thu Thiem 1 Bridge with Mai Chi Tho.
This is one of two real estate projects that CII received from the BT project to exchange land for infrastructure in Thu Thiem New Urban Area including investment in construction of technical infrastructure of Northern Residential Area and completion of backbone North-south (from the foot of Thu Thiem bridge 1 to Mai Chi Tho street).
CII said it had reached an initial agreement with foreign investors to exploit land in Thu Thiem. The company expects the signing of the official contract will soon be implemented and project implementation soon.
Saigon Blue Moon Project (coming soon)
In the center of Ho Chi Minh City, Nguyen Huu Canh Street – the section from Saigon Bridge to Thu Thiem Bridge, is only about 1km long, but now it makes people on the road “overwhelmed” with construction speed. A series of high-rise housing projects. Opposite Ba Son area, a project along the river is preparing to launch in 2017 Saigon Blue Moon. The expected size of 9 courts, providing the market about 5000 apartments.
The busy riverbank real estate market promises to be a tough race for big and small investors. Currently the project information has not been announced by the investor. We will update the latest information in the Market Information section.
See more information available at: Vietnam Property