KOREAN BILLION-DOLLAR CORPORATION MAKES WAVES IN THU THIEM REAL ESTATE MARKET
November 2022 marks the presence of the leading construction corporation in the region with a high-end project in Thu Thiem new urban area, Thu Thiem Zeit River converges all the advantages to attract elite investors.
Thu Thiem real estate market and the presence of the Korean billion-dollar corporation
Possessing a prime position on the banks of Saigon River with a total area of 737 hectares with well-developed infrastructure systems, Thu Thiem new urban area has gradually become a place attracting the upper class and investors.
Thu Thiem rapidly changed its appearance as it was planned to become a modern and sustainable new urban area with most of the area devoted to natural greenery. At the same time, this place is also oriented to transform into a financial – commercial – cultural complex of Ho Chi Minh City – Vietnam, and an international exchange hub to leverage global connectivity by 2030. It is no coincidence that real estate property in this urban area, especially high-end and luxury segment, always have undeniable attraction whenever they are offered for sale on the market.
Not only is it the first choice of domestic investors, Thu Thiem also affirms its potential value when welcoming the presence of a prestigious international corporation as a real estate investment and development unit. Last November, Vietname GS Enterprise (VGSE) – a subsidiary of GSE&C from Korea – made waves in this potential market with Thu Thiem Zeit River luxury apartment project.
VGSE is a Vietnamese subsidiary of Korea’s GS E&C, which is one of the leading multidisciplinary corporations in the World. With the predecessor of construction company, GS E&C is currently ranked 24th in the Top 250 largest construction companies in the world. In Korea, GS E&C is ranked first in apartment segment and second in townhouse and villa segment.
In the apartment segment, GS E&C has also made its own mark of respect with the Xi Riverview Palace project in Thao Dien, Thu Duc city. This apartment complex was once known as the “Castle by the River” thanks to the unique architecture among other projects in Vietnam at that time. In addition, closed-scale urban project Zeitgeist Nha Be with a total area of 350 hectares, which is in the handover stage, also demonstrates GS E&C’s enthusiasm for the mission of creating sustainable residential communities in Vietnam.
With experience in construction industry, GS E&C has a strong foundation and is always at the forefront of implementing the most advanced construction technology, as well as setting high standards for operating and managing high-end projects on a global scale. This is an advantage and unique strength that VGSE has inherited to continue striving with high-end real estate projects that are and will be developed in Vietnam.
Prestigious brand with a distinct value system
Continuing the spirit of always pioneering in developing the modern and sophisticated residential communities, VGSE will bring the leading luxury apartment brand in Korea “Zeit” to the future projects in Vietnam, starting with Thu Thiem Zeit River in Functional Area 3 in Thu Thiem new urban area.
Amidst the vibrant pace of life in Ho Chi Minh City – the “sleepless city”, Thu Thiem Zeit River luxury apartments offers a distinct standard of living. Vested in “Zeit” are 4 core values revolving around sophisticated architecture, green living space, smart and high-end amenities, and environment friendly building materials. Thu Thiem Zeit River’s purpose is to bring lasting values to the lives of its residents.
This high-end apartment complex is wholly invested and developed by VGSE down to every small details. With the spirit of “Zeit”, it is expected to create a significant remark in the real estate market in Vietnam. Subsequently, Thu Thiem Zeit River is expected to make waves in the luxury real estate market in Thu Thiem in the coming time.