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 economic hub’s new central business district (CBD) 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 rate of between 4.4 and 5.2 percent 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 that has bolstered the market following two uncertain months of COVID-19, the respiratory disease caused by the novel coronavirus.
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 CBD, it is also fast becoming a well-connected residential hub.
To cater to the several residential developments which are underway, Thu Thiem’s infrastructure is getting a facelift.
A footbridge connecting Thu Thiem with District 1 has been approved while the Thu Thiem 2 Bridge is expected to be completed at the end of this year.
These improvements have raised Thu Thiem’s investment attraction in the property market.
Property value in Thu Thiem has dramatically increased in the last ten years and will continue to do so for the next 10-15 years, especially as more projects come on stream, according to real estate services firm JLL.
“Besides faith in the real estate market’s growth rate, buyers and investors are keen on the high percentage of green space — a surprising 43 percent of the new ward, which is unheard of elsewhere 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!”
From the success of the iconic City Garden
Developed by City Garden Thu Thiem, The River Thu Thiem is on a trajectory to follow in the successful footsteps of its predecessor.
The high-end development has created a new benchmark of luxury living in Thu Thiem and even 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 from The River Thu Thiem
Thanks to the exquisite design and unparalleled lifestyle delivered at previous projects, like City Garden, The River Thu Thiem is a legacy to those who have bought units from the developer, City Garden Thu Thiem, Kiet said.
Until now, a high percentage of buyers at The River Thu Thiem have been previous purchasers of City Garden.
A new benchmark for Thu Thiem
The River Thu Thiem located in ‘Line 1,’ the most desirable tier of Thu Thiem. The development has a premiere panoramic view over 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 is divided across the three low-density towers named after three of the world’s most famous rivers — the Thames (London, England), the Hudson (New York, United States) and the Seine (Paris, France).
Maximizing its Saigon River waterfront location, the building facade is angled to ensure view exposure.
World-class amenities at The River Thu Thiem
The River Thu Thiem will be home to a five-star set of amenities with a 50-meter swimming pool, yoga center, and state-of-the-art gym for residents to enjoy and stay fit.
Furthermore, the clubhouse, BBQ corner, private cigar lounge and kids’ playground are well designed by prestigious international companies from Singapore, the U.S., and more.
The development is designed to have the most elevators among all buildings in the city, up to eight per tower (for nine to 16 apartments per floor), so three-bedroom and four-bedroom apartment owners will have a private elevator lobby inside their homes, an esteemed privilege of life at The River Thu Thiem.
Given the necessary sales and construction licenses and as on-site work continues to progress, The River Thu Thiem held a private VIP sales launch which saw over 100 deals in two hours.
Construction for the project started in August 2019, seeing the completion of piling and pile-caps in March 2020.
The official launch of The River Thu Thiem will be in July this year, while the project is on course to be handed over in Q4-2021.
About The River Thu Thiem
— 525 luxury apartments located on Line 1, Thu Thiem New Urban Area in Ho Chi Minh City, Vietnam
— Unobstructed view of the Saigon River with direct access to 100 meters of the waterfront and 3.7 hectares of landscaped parkland
— Developed by City Garden Thu Thiem — City Garden’s reputable developer
— Website: https://theriverthuthiem.vn/
Tuan Duyen
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