22/03/2024
Speaking of the Thu Thiem peninsula equates to luxury and prosperity, and the real estate market here is no exception. Along both banks of the Saigon River, with million-dollar projects like Empire City, Metropole Thu Thiem, Zeit River Thu Thiem being highly sought after by investors in recent years. This area hosts some of the most expensive real estate in Ho Chi Minh City, featuring vast real estate areas and luxurious apartments along the banks of the Saigon River. Let's take a closer look at the real estate market situation on the Thu Thiem peninsula at the beginning of 2024.
Real estate in Thu Thiem is experiencing a steady growth trend, with the demand for housing and luxury apartments continuing to rise. The exclusivity and desirable location of the area have made it a hotspot for high-income individuals and celebrities wanting to invest in a piece of paradise. The market is characterized by a combination of feng shui elements, as well as synchronized planning. The Thu Thiem peninsula is likened to Shanghai's Pudong or Korea's Gangnam.
The modern apartments and everything here cater to a wide variety of tastes and preferences of many domestic and international customers.
Let's assess the trends and opportunities of projects on the Thu Thiem peninsula.
Empire City Thu Thiem. Located in District 2 of Ho Chi Minh City, Empire City is a standout project in the Thu Thiem area, covering a total area of 14.5 hectares. This project is the result of a collaboration between Tien Phuoc, Keppel Land, Gaw Capital Partners, and Tran Thai, offering a high-class living space with a modern and airy Singaporean style. Empire City comprises 3 commercial land lots and 8 residential land lots, with a total of over 3000 luxury apartments. Each apartment here is a corner unit, designed with wide balconies and large living rooms, maximizing natural light and fresh air.
To date, the project has sold out 4 of its 11 blocks, including MU1 - an 88-story building, which is not only a highlight of Empire City but also a symbol of the new Thu Thiem urban area. Additionally, Empire City also features a complex of 5 and 6-star hotels, a commercial center complex, high-end services, office spaces, and serviced apartments, all creating a top-notch and convenient living community.
Three phases have been handed over and put into operation: Linden Residence, Tilia Residence, Cove Residence. Narra Residence is in the process of being handed over.
Check the sale and rental prices of apartments at Empire City here.
Metropole Thu Thiem.
The Metropole Thu Thiem, covering a total area of about 7.6 hectares, is a modern multi-functional complex located on the Thu Thiem peninsula, comprising 4 main sections 1.13, 1.14, 1.16, and 1.17. It is planned to have 8 towers with heights ranging from 12 to 24 floors, where sections 1.13 and 1.14 are designated for commercial utilities, and 1.16 and 1.17 will be multifunctional residential areas with a total of about 1,300 apartments, developed over 4 phases.
The development phases include: Phase 1 is The Galleria Residence with 456 apartments; Phase 2 is The Crest Residence comprising 250 apartments; Phase 3 is The Opera Residence containing 646 apartments; and Phase 4 is currently being updated. Apartments at Metropole range from 64m² to 132m² for 2 to 4-bedroom units, along with larger Duplexes and Penthouses, catering to the diverse needs of high-end customers.
With a total investment of up to 7,000 billion VND, The Metropole Thu Thiem not only focuses on luxurious design and energy saving but also boasts a prime location with convenient regional connectivity. Residents can easily move to central districts and surrounding areas through the Thu Thiem Tunnel, East-West Highway, Thu Thiem bridges 1, 2, 3, and 4, along with a 1.5km-long aerial pedestrian bridge connecting the urban area with District 1’s center.
The project also prides itself on its high-class internal and external utility system, including an infinity pool, gym, spa, sauna, green parks, and many other 5-star standard amenities, along with the Opera House, Central Plaza, Convention Center, and Crescent Boulevard Underground Link outside, promising to provide residents with a comfortable and convenient lifestyle.
The River Thu Thiem.
The River Thu Thiem, a premium project located at lots 3.15 and 3.16, enjoys a prime position on the Crescent Boulevard, An Khanh Ward, District 2, Ho Chi Minh City, promising to become one of the most livable residential areas in Saigon. With just about 1km from the center of District 1 and along the banks of the Saigon River, this project not only enjoys a peaceful, airy space by the river but also has the ability to quickly connect to key amenities such as the international university cluster within a 200m radius, international hospitals within 300m, and the Thu Thiem central lake only 100m away.
Situated near the Empire City Tower 88 - the tallest building in Vietnam, The River Thu Thiem benefits not only from its great geographical location but also from the views of the Saigon River and surrounding amenities. The project's eastern side, bordering Thu Thiem Bridge 1, provides extremely convenient connectivity to other areas of the city. To the west, residents will have direct views of the charming Saigon River, while the southwest borders the museum and channel number 1, and the southeast is adjacent to the wide Crescent Boulevard with a 55-meter road width.
Thus, The River Thu Thiem not only offers an ideal living space with beautiful views and clean air but also provides a modern, convenient living environment, easily connecting to many urban amenities, from education to healthcare, entertainment, and nature, making it a top choice for upscale urban living.
Zeit River Thu Thiem
Thu Thiem Zeit River, a premium apartment project in the new Thu Thiem urban area, District 2, is the latest development from the South Korean corporation, GS E&C, following the success of the Xi Riverview Palace project in Thao Dien. With a total area of 9,125.8m2, the project includes two apartment towers of 25 and 32 floors, along with two 4-story low-rise blocks, offering a total of 300 diverse products from shophouses, 1-4 bedroom apartments, duplexes to penthouses, and a commercial center.
Zeit, meaning "time" in German, is not just a name but also carries a deep meaning, representing Transformation (Zenith), Experience, Innovation, and Timeless value that the project aims for. Thu Thiem Zeit River, located on Nguyen Co Thach Street, Thu Thiem, District 2, now Thu Duc City, Ho Chi Minh City, promises to create a prosperous, upscale community at the heart of the thriving city.
With a construction density of 27% for the apartment towers and 56.13% for the base block, Thu Thiem Zeit River offers spacious and airy living spaces. The project provides a variety of apartment types with sizes ranging from 55m2 to 392m2, meeting different customer needs. Internal amenities include a sunbathing area, relaxation zone, multifunction room, children's playground, gym, rooftop pool, and Jacuzzi, bringing a luxurious and convenient living experience.
The expected price ranges from 5,700 USD to 7,000 USD/m2, and the project is available for long-term ownership for Vietnamese and 50 years for foreigners, starting construction in Q4/2021 and expected to be handed over in Q2/2024. Thu Thiem Zeit River is not only an ideal residential place but also an attractive investment opportunity, offering timeless living value and growth over time.
Current Market
As of February 2024, the real estate market in Thu Thiem, Ho Chi Minh City, is witnessing strong growth. With prices continuously increasing and demand not decreasing, properties here are often quickly traded at high prices. A distinctive feature of the market here is the variety of product types, from modern apartments to other choices, serving diverse needs and aesthetic tastes of customers. The uniqueness and prime location of the Thu Thiem area have made it an investment focus of the elite and celebrities, seeking a "promised land" to invest in.
In summary, the real estate market in Thu Thiem is on a rapid development path, accompanied by high demand for housing and luxury apartments. This area is considered an ideal destination for high-income individuals and celebrities wishing to own a part of this paradise. The market varies from historical heritage to high-class apartments, offering choices for everyone.
For detailed information and updated price lists of apartments in Thu Thiem, customers can directly contact Achieve Realty VN through the provided information channels.
