Real estate market in HCMC riverside is “hot”
River front land in HCM City is becoming increasingly scarce and hot spots are attracted by many investors. Riverside apartments are also often priced higher than 20 – 30% compared to other apartments in the same segment but the area guests.
HCMC Real Estate Association (HoREA). Recently, in the city, apartment projects, riverside houses are tending to increase. There are many large scale projects: The city has over 30 large riverside projects. With total investment capital of nearly VND158 trillion dong (two projects over 50 hectares and 27 projects with a total investment capital of over VND 3,000 billion or more than 1,500 units / house)
Coastal livelihoods are increasingly scarce
Ho Chi Minh City is a province in the Southeast, so the river system canal here is dense. Recently, the city has had an urban upgrading program and invested in dredging and cleaning rivers and canals. So apartments and projects with river or river views become high value.
At present, when viewed from above, most of the land area of the river has been covered by tall buildings or projects villas, high-grade apartments. Typical on Vo Van Kiet Boulevard running parallel to Tau Hu Canal or Van Don wharf, Nguyen Huu Canh has appeared a series of buildings, almost the area is no longer a piece of vacant land. “The riverine fever in the center has spread rapidly to the outskirts. This is because the coastal areas are the places where many of the coastal areas are located, in order to take advantage of it.
However, in fact, in the market, the proportion of riverside projects among newly launched projects is not much. This leads to the fact that the current supply is not enough demand, “said Nguyen Van Tung, general director of Danh Khoi Real Estate Services Joint Stock Company (DKRS).
One of the large-scale riverside apartment projects recently launched into the market and received much attention. It is the Dream House Riverside. With the size of 2.4 hectares, it is located in the total area of 51.5 hectares. The project is built in ancient European architecture, luxurious and modern making a prominent feature in the Southwest, Saigon.
Taking advantage of the available location, Dream Home Riverside is designed with the “2 in 1” concept. Combination of living space and modern resort class in the heart of the city.
This is also the project will converge a full range of high-end amenities such as Paradise Park, water square, Emerald Riverview Hall, Diamond Center, Tropics Pools pool, Panorama gym the spa, residential area, Rainbow Land, children’s play area Sky Wonderland, coffee, BBQ, Zen Garden Zen Garden, Emerald Hanging Garden, Moonlight Foutain, …
All in 51ha wide, but only price from VND1.1 billion / apartment 56 sqm with 2 bedrooms, 2 toilets.
The advantages bring value
In fact the market in some riverside projects in HCMC. The apartments have direct view of the river at the delivery price difference between VND200 million to VND500 million compared with the apartment of the first phase. The projects with big riverside and beautiful view, the difference in price between the river view apartments and the remaining apartments the greater the difference.
Typically, as a project on the Van Don wharf, to own apartments overlooking Saigon River and Ben Nghe canal. Customers may have to pay a higher price than VND20 million/sqm compared with the apartment in the area of that project.
In fact, there are many reasons to real estate frontage river has beautiful view become hot item on the market today. According to feng shui concept of the East, they always said that. The gold standard of a beautiful property is “the most myopic, nhi nhang, tam highway”.
On the other hand, if the project is located on the riverside when there is river view. It will still have such a vision that will not be hidden if other buildings rise. Because of this, the riverside or river side value is much higher, maybe even 30% higher than other projects.
Meanwhile, according to many experts assess. The projects have beautiful view, especially the riverfront always has many advantages to be able to compete well in the market.
In fact, in the real estate markets thrive in the world. Like Hong Kong, London, … Real estate has beautiful view as river, wharf has also proven to be 20% higher than other real estate. This will also be the basis for real estate developers in Ho Chi Minh City expect the value of real estate along the river with the advantage of many rivers as the city is holding.
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