LUXURY REAL ESTATE MARKET IN THU THIEM BUSTLING WITH THE PRESENCE OF KOREAN BILLION-DOLLAR CORPORATION
Amidst the scenario of the real estate sector facing many difficulties recently, the market in Thu Thiem new urban area has always retained the heat as the first choice prioritized by reputable real estate developers and investors. Thanks to its strategic location and infrastructure planning advantages, luxury and high-end segment in Thu Thiem is always the highlight in the vision of investors.
Thu Thiem – An upcoming highlight for real estate investment
People’s Committee of Ho Chi Minh City aspires the city to become international financial centre, the draft plan will be composed of three components: the monetary market and the banking system, the capital market, the commodity derivatives market. The plan will be implemented in three stages. During the first stage from now until 2025, Ho Chi Minh City will take actions to reinforce its position as Vietnam’s national financial centre, increase its GFCI rankings and form a financial complex in Thu Thiem.
In which, Thu Thiem is oriented to become a Financial – Commercial Complex located in the South of Ho Chi Minh City. From 2026 to 2030, the city aims to secure its position as a high-ranking financial centre in Asia, whilst the Thu Thiem Financial Complex will become a financial sector cluster on fintech, the banking system, and asset investment management services aligned with the capital market and the commodity derivatives market.
Thanks to the geographical advantages closely connecting with the existing financial urban zones District 1 and District 3, and potential for economic and infrastructure growth, Thu Thiem has become a “magnet” attracting well-known Vietnamese and international realty developers. Most noticeable is the entry of a prestigious corporation from Korea, which possesses an impressive land fund in various locations, has made the first moves on the real estate market in Thu Thiem area.
With more than 20 years of development, a network of offices and branches spread across 30 countries and territories, GS E&C has been affirming its presence in Vietnam through a series of infrastructure development projects with great capital investment such as Hanoi – Hai Phong Expressway, Metro Line No.1 Ben Thanh – Suoi Tien project, Tan Son Nhat – Binh Loi – Pham Van Dong Ring Road in Ho Chi Minh City.
VGSE inherits the advantage of experience and advanced technologies in construction, continues the mission of “Creation of new construction culture” of its parent company GS E&C, which is ranked 24th largest construction companies in the world, Korea’s No. 1 developer of luxury apartment projects and No. 2 of townhouse and villa projects.
The high-end apartment projects invested by VGSE have received positive feedback upon its launch on the market. For instant, the Xi Riverview Palace apartment project in Thao Dien Ward, once referred to as the “Castle by the River” is designed with a unique philosophy “Living smart in accordance with rich experiences” with the implemention of Smart Home technologies, or the Southern HCMC-based Zeitgeist Nha Be spanning over 349 hectares that is currently in the handover stage.
VGSE is determined to implement the most advanced technologies and techniques in construction upon its projects in the luxury real estate segment in Vietnam. Paying special attention to the development of the “golden” land fund that VSGE owns in strategic locations in the East and South areas of HCMC, specifically the future financial complex Thu Thiem.
Affirming brand value through pillar values and construction quality
Following the already successful projects in Vietnam, VGSE develops the luxury apartment project Thu Thiem Zeit River with the imprint of the established “Zeit” brand in Korea, always pioneering the development of modern and sophisticated living space for the residents and was chosen as the most popular apartment brand in Republic of Korea. “Zeit” is built on 4 pillar values: sophisticated architecture, green living space, smart amenities, and environment friendly building materials, which will definitely bring time defying values to the residents of the project.
Thanks to its prime location in the heart of Thu Thiem new urban area, with 2 façades on Nguyen Co Thach Street and the first ring road, Thu Thiem Zeit River becomes the “key connection point” for HCMC and neighboring provinces.
The high-end apartment project consists of 2 towers of 25 floors – 32 floors and a low-rise podium, providing to the market about 300 new units of various types and areas such as townhouses, shophouses, luxury apartments, duplex, penthouses. Promoting a lifestyle in harmony with nature, Thu Thiem Zeit River is designed with low construction density to not only creating a unique green living space in the heart of the city but also a highlight for families with young children who are looking for a suitable place to live.
Thu Thiem Zeit River is enthusiastically invested and taken care of to every small details. All of this will surely set a new luxe standard among Vietnamese real estate market. In addition, Thu Thiem Zeit River is passed down the spiritual value of “Zeit” which will become a decisive turning point to bring Vietnamese real estate on the global market.
The presence of Korean billion-dollar corporation and Thu Thiem Zeit River is expected to liven up the Thu Thiem high-end and luxury real estate market in the the upcoming time in 2023.