THE BILLION-DOLLAR TRANSFORMATION OF THU THIEM
Surpass the expectation of becoming a modern urban area, Thu Thiem is realizing its ambition to become the financial and cultural complex of Ho Chi Minh City, and a focal point for domestic and international trade.
The rejuvenation of Thu Thiem peninsula
Over the past 24 years, from a desolate and sparse area, transport infrastructure projects and real estate projects have been promoted on Thu Thiem. The “lagging behind” Thu Thiem compared to the prosperous city centre on the other side of Saigon River unexpectedly became a strategic advantage helping this peninsula be well planned from the first stages.
Learning from many urban areas that are falling into overpopulation, traffic jams, and aesthetic disruption, Thu Thiem has been properly planned to devote 42% of its area to ecosystems and water surface, 34% to residential areas, commercial and administrative centers. Transportation infrastructure takes up a significant of 24% of the peninsula.
Thanks to seizing the right opportunity at the right time, Thu Thiem has quickly implemented a series of key infrastructure projects with a total investment of tens of billions of Vietnam Dong. Projects such as Thu Thiem 1 bridge, Thu Thiem tunnel across the Saigon River, Thu Thiem 2 bridge were completed and put into operation in 2007, 2011 and 2022 respectively. These systems of transportation play a very important role in thoroughly resolving the inconveniences of connecting with District 1 and other districts, creating a premise for Thu Thiem to undertake the dynamic economy of Ho Chi Minh City.
Ho Chi Minh City also approved the policy of allowing Thu Thiem new urban area to continue building other infrastructure facilities such as the North – South trunk road connecting the existing residential areas with newly developed ones, Luong Dinh Cua street, 4 main roads in Thu Thiem urban area, the new Ong Nhieu bridge, the Central Square project and the parks along Saigon River bank in 2024 and 2025. One of these works is the Thu Thiem 4 bridge project, which is expected to start in 2025, will help shorten the distance to the south of Ho Chi Minh City such as District 4, District 7.
A potential destination attracting the region’s leading real estate developers
Thu Thiem has become a bright spot on the map of the real estate market of many renowned real estate developers thanks to its synchronous infrastructure and strategic location advantage. Experts also said that thanks to being “hugged” by the Saigon River, prime locations in Thu Thiem could receive fresh natural air and possess panoramic view of the city, which makes it the ideal coordinate for high-end and luxury real estates.
Grasping these advantages, GS Enterprise Vietnam One Member Limited Liability Company (VGSE), which is a subsidiary of the world’s leading construction group – GS E&C, has invested in developing and building Thu Thiem Zeit River luxury apartments. The project is located at the intersection of Nguyen Co Thach Street and Tran Bach Dang Street. This Thu Thiem luxury apartment project is favored by the developer when being designed and constructed according to the luxury standard measure of brand “Zeit”, which is the most popular high-end apartment brand in Korea, thanks to pioneering Smart Home technology to always provide the most complete experiences for residents.
Thu Thiem Zeit River presents a rare opportunity to own a residence that takes many advantages being in the core of Thu Thiem with complete legal status. Additionally, the developer VGSE continuously strives on 50 years’ experience from GS E&C to create the values for the Vietnamese is a prestigious guarantee for the quality of Thu Thiem Zeit River.
Considering the attractiveness and strong potential of Thu Thiem in the future, as well as limited land fund, high-end apartments in this area have become a “magnet” attracting experienced investors and those who seek for an ideal place to live.
With its prime location and unique intrinsic values, Thu Thiem real estate in general or luxury projects with complete legality such as Thu Thiem Zeit River are always interested and appreciated by investors thanks to their potential.