10/05/2024
Valuation standards in the luxury real estate sector
The first is near markets
"The first is near markets" was once understood as the need for houses to be built near townships or local markets to facilitate trading and commerce. However, in modern times, the concept of "market" has expanded beyond traditional market areas to include large urban areas, where shopping centers or bustling commercial centers are present, with vibrant economic development.
Whether a traditional market or a supermarket, the term "market" still means convenience and class, where residents can easily access amenities such as shopping centers, healthcare services, education, culture, and entertainment.
The second is near rivers
The term "The second is near rivers" refers to the significance of placing houses near rivers or seas. In historical thinking, the development of civilization often goes hand in hand with the existence of large rivers. From the Nile River associated with ancient Egyptian civilization, the Ganges River with ancient Indian civilization, to the Amazon and Mekong rivers, they are inseparable symbols in the history of cultural and economic development in regions of South America, Asia, and Africa. Rivers facilitate agriculture, trade, and business activities, play a crucial role in climate regulation, and create high-quality living environments for residents.
Therefore, riverside real estate has always been famous from ancient times to the present. Real estate market research companies also note that properties located near rivers often have higher values than others, but the demand for ownership continues to increase.
The third is near roads
The term "The third is near roads" refers to the choice of houses near roads, which is the third priority in the list of criteria. It can be broadly understood as choosing houses in areas with developed transportation infrastructure that is convenient for travel and connects with other regions. Not only in the past but even today, convenient transportation and access to developed infrastructure are essential factors in investment decisions. This facilitates convenient travel to other places and provides favorable conditions for business and trading activities. In addition, for large cities, road infrastructure is often developed in conjunction with other critical transportation infrastructure such as bridges, highways, subway systems, etc., significantly enhancing connectivity between areas.
Therefore, when discussing the prime location of a piece of land, investors often emphasize the regional connectivity and connectivity of that location. The attention to real estate with good connectivity has always remained strong, and this usually goes hand in hand with sales prices and profit potential over time.
Other vital factors for luxury real estate are still crucial considerations in choosing residential land. In addition to the three traditional factors, "The first is near markets, the second is near rivers, and the third is near roads," today's era requires the fulfillment of many other criteria to be considered luxury real estate. Some critical factors to consider include:
The location of The River in Thu Thiem urban area - considered the city's new center - lays the foundation for attracting attention from customers. According to the philosophy of real estate trading from ancient times, the River possesses all the necessary characteristics. With a prime location right next to the Thủ Thiêm Bridge, only 800m from District 1 and a 5-minute drive to areas such as District 4, District 7, Binh Thanh District, The River connects conveniently with healthcare facilities, education, bustling shopping centers, and large urban areas thanks to its complete infrastructure system such as the Thủ Thiêm Tunnel, Thủ Thiêm Bridge, Ba Son Bridge, and many other infrastructure facilities.
Furthermore, The River is one of the few projects located directly on the Saigon River, owning 100 meters of riverfront and a park of over 4 hectares. Residents here enjoy a fresh living environment, helping reduce pollution and improve health. A river view also helps relieve stress, relax the soul, and bring people closer to nature.
One of the notable highlights of The River is its location on Trần Bạch Đằng Street (formerly Crescent Boulevard) - one of the most beautiful streets in Thủ Thiêm, considered one of the four main roads in the area and an important gateway connecting Thủ Thiêm with central districts. This road has 6 lanes, with a width of about 21m, and is also the venue for parades and essential ceremonies.
In conclusion, when considering the determining factors for luxury real estate, we cannot forget the three traditional factors mentioned above, and The River Thủ Thiêm confidently possesses all of these factors. The project also affirms its position with modern aspects such as the reputation and vision of the developer Refico, transparent legal status, and a high-class residential community. The project brings high investment value for investors and creates a luxurious and peaceful living space for buyers.
Achieve Realty VN distributes real estate projects in the Thu Thiem urban area. If you need more information, please get in touch with the address:
Hotline: +8486 888 2539
Email: sales@achievereal.com
