The River - Star of Thu Thiem’s luxury apartment sector

The River - Star of Thu Thiem’s luxury apartment sector

The first half of 2020 saw positive economic growth in Vietnam despite general worldwide distress. Among the country’s hottest areas, Ho Chi Minh City’s Thu Thiem perhaps fared even better than the rest. From infrastructure improvements to the introduction of luxurious new residential projects, the metropolis’ new central business district has caught the eye of owners and investors alike.

Thu Thiem’s ever-evolving potential

According to the Ministry of Planning and Investment, Vietnam can expect a GDP growth of 4.4-5.2 per cent in 2020. This growth will come on the back of several international companies including Panasonic, Apple, and Nintendo moving their factories to the country, news of which has bolstered the market following two uncertain months of COVID-19. Some companies like those mentioned are expected to make Ho Chi Minh City’s Thu Thiem their base, an area which is also in the local government’s sights thanks to its crucial planning.

In addition to becoming Ho Chi Minh City’s new central business district (CBD), it is also fast becoming a well-connected residential hub. To cater to the several residential developments now underway, Thu Thiem’s infrastructure is getting a face-lift.

A Walking Bridge connecting Thu Thiem with District 1 has been approved while Thu Thiem 2 Bridge is expected to be completed at the end of this year. These improvements have raised Thu Thiem’s investment appeal in the property market.

In fact, according to JLL, property value in Thu Thiem has dramatically increased in the last 10 years and will continue to do so for the next 10-15 years, especially as more projects come online and are completed.

“Besides faith in the real estate market’s growth, buyers and investors are keen on the high percentage of green space of the new ward – a surprising 43 per cent, which is unheard of in the city’s central districts,” said Ho Quang Kiet, sales director at The River Thu Thiem. “Add that to the world-class design and amenities developers are including in their new residential projects and you can see the appeal!”

Thu Thiem has become the most sought-after new urban area in Ho Chi Minh City

From the success of the iconic City Garden

Developed by City Garden Thu Thiem, The River Thu Thiem is on a trajectory to follow the successful footsteps of its predecessor. The high-end development has created a new benchmark of luxury living in Thu Thiem and the wider city. Those impressed by the unique design of the six elliptical towers at City Garden will surely find inspiration in the design of The River Thu Thiem.

Breathtaking panoramic views of the Saigon River and the city

According to Kiet, thanks to the exquisite design and unparalleled lifestyle delivered at previous projects like City Garden, The River Thu Thiem is heavily sought by those who have previously bought from the developer, City Garden Thu Thiem. Until now, a high percentage of buyers at The River Thu Thiem have been previous buyers of City Garden.

A new benchmark for Thu Thiem

The River Thu Thiem is located in “Line 1”, the most desirable tier of Thu Thiem. The development has a premier panoramic view on the Saigon River, providing an abundance of fresh air in a bustling city where so many crave it.

With a limited number of 525 prestigious homes, including penthouses and pool-villas, The River Thu Thiem has three low-density towers named after three of the world’s most famous rivers – the Thames (London, England), the Hudson (New York, the US), and the Seine (Paris, France). Maximising its Saigon River waterfront location, the building facade is angled to ensure perfect exposure.

World-class amenities at The River Thu Thiem

The River Thu Thiem is home to a set of 5-star amenities with 50-metre swimming pool, yoga centre, and state-of-the-art gym for residents to enjoy and stay fit. Furthermore, the clubhouse, BBQ corner, private cigar lounge, and kids’ playground were designed by prestigious international developers from Singapore, the US, and more. With the most lifts of any building in the city – up to eight per tower (with 9-16 apartments per floor) – 3-bedroom and 4-bedroom apartments owners have a private lift lobby inside their homes, an esteemed privilege of life at The River Thu Thiem.

With the necessary sales and construction licenses and as work on-site continues to progress, The River Thu Thiem held a private VIP sales launch which saw over 100 sales in two hours. The construction of the project started in August 2019, with the piling and pile-caps completed in March 2020. The official launch of The River Thu Thiem will be in July 2020, while the project is on course to be handed over in the first quarter of 2021.

VIR