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Riverside projects attract entrepreneurs and successful people
By Ha Thanh
Friday,  Jul 17, 2020,06:54 (GMT+7)

Riverside projects attract entrepreneurs and successful people

By Ha Thanh

According to CBRE Group, a commercial property service provider, luxury real estate targeting high-end homeowners is still leading the market, illustrating demands for an exclusive living standard is continuing to rise despite the fluctuations of the economy.

High-income homebuyers choose high-end apartments by the river

Although the local market has been challenging over the last few months due to the impact of Covid-19, the first quarter report of 2020 from CBRE reveals that the premium real estate segment was not significantly affected. Specifically, prices of properties have maintained value unchanged from the previous quarter.

Correspondingly, CBRE also mentions homebuyers and investors now focusing more on factors that differentiate the qualities of a property shown through the services and amenities, the living environment, and most importantly, the location.

As surveyed from the real estate agents in Ho Chi Minh City, projects in high-end apartment segment are mainly concentrated in areas like District 2 (Thu Thiem area), and District 7 (Dao Tri Street), developed by large investors, such as Sunshine Group, Son Kim Land and TTC, where the last remaining land lots located along the river are available as an ideal living space for successful homeowners.

High-class riverfront apartments promising persistent gains in property value.

Luxury apartment building projects in these areas are chosen by international experts, entrepreneurs, businessmen, as well as celebrities. In addition to local wealth, high-class apartment segment also interests successful people from developing countries in Southeast Asia. Homebuyers from the region establish a trend on the preference to properties adjacent to rivers, water bays, and lakes. For this reason, Hong Kong is famous for affluent neighborhoods like Conduit Road, Deep Water Bay, and The Peak, or to Singapore with Bishan, Hougang, and Robertson Quay. The prices of real estate in these areas are extremely high and continue to climb day by day.

High-end apartment building Babylon Tower wins the trust of wealthy homeowners

From the analysis of experts, high-income families are inclined to purchase properties near rivers and lakes in order to distance themselves from crowded population density for cleaner air and to enjoy the magnificent views of natural waterscapes. These residency decisions ensure a living space with balanced harmony, a place to refresh. In addition, as there are only limited homes available surrounding waterfronts marking for homeowners an opportunity to display class and status.

One of the high-end riverside apartment buildings to attract high-income property buyers is Sunshine Diamond River, developed by Sunshine Group. The architectural design is inspired by the Hanging Gardens of Babylon from ancient stories and myths depicting an ascending terraced façade with balconies flourished by green botany.

Babylon Tower architecture inspired by the Hanging Gardens of Babylon.

Sunshine Diamond River has been gaining significant attention throughout the region thanks to owning a very favorable position located on Dao Tri Street (District 7), a road with many luxury projects and a brand that speaks of economic power and prosperity. This popular riverside street within the city is also close to the intersection between the Saigon River and the Dong Nai River, sharing a truly spectacular waterfront. This priceless infinity view has made Sunshine Diamond River one of the most searched keywords on the internet recently.

This project received a total investment of USD 1.2 billion to generate a residential complex with 5-star facilities, with beauty care and healthcare centers, luxury shopping, entertainment centers, an international school, artificial landscape rivers, large playgrounds for children, and even a modern central library.

The Olympic-sized swimming pool designed with a resort feel at Babylon Tower.

Although not yet officially launched for sale, Babylon Tower currently receives much attention from high-income homeowners and professional investors, mainly due to the outstanding qualities of the project’s focus on location, views, facilities, and premium services. Exclusive amenities include an Olympic-sized swimming pool curved into a lagoon, Cigar Lounge and Wine Cellar - VIP locations and services professionally catered to meet requirements of elite residents.

The establishment of a first-class community in a residence of the future is speculated to help Sunshine Diamond River and Babylon Tower exceed their value to become a desirable destination for those wanting to enjoy a unique luxury life.

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The extraordinary view and harmonized nature of Babylon Tower

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