How Waterpoint Riverside City project been carried out?

Towards the end of the year, real estate companies are speeding up project development progress to make up for the recent lockdown period. There have also been more positive signals for growth.

Aquaria subdivision located in Waterpoint riverside city has been handed over to buyers.

The bright picture of Waterpoint riverside city

Located at the western gateway of HCMC, Waterpoint Riverside City has an impressive construction speed. In just over two years since the commencement, subdivisions including Rivera 1, Aquaria 1 and Aquaria 2 with 1,000 products of townhouses, villas, and shophouses have been handed over to buyers.

The majority of the Waterpoint’s main infrastructure has also been completed. At the same time, the facility system consisting of Rivera Marina 1, Aquaria, Country Club, the 3-hectare sports complex; the commercial, entertainment and services complex, the local and regional bus system, the 8.6-ha waterbay, outdoor cinema, security operating system, local park, Japanese garden Aquaria 1, etc. have also been opened for residents.

A balanced life in nature and among the community at Waterpoint.

Nam Long’s management shared that, at the same time with the handover of Aquaria 2 apartments, the group also opened sale for EHome Southgate apartments and prepared to launch a detached high-end Grand Villas compound . These products range from affordable to high-end and will answer to the diverse tastes of each group of interested customers who love the living environment at Waterpoint.

Though labeled as affordable apartments, EHome Southgate apartments have been upgraded quite comprehensively from planning, design, finishing materials to facilities at consistent pricing of VND 1 billion per unit. 100% of phase 1 products were sold out right after launching.

Meanwhile, the high-end Grand Villas compound with the riverside location advantage is expected to be a masterpiece made from the enthusiasm of the investors. Designed to be highly personalized and outstanding with exclusive privileges, Waterpoint’s Grand Villas compound are high-end products that captivate the new living trend of the upper class families, i.e. living close to nature and focusing on connection among family members.

With a total area of 355 hectares, Waterpoint is planned for sustainable development with a well-designed infrastructure system and smart operation management technology. The project is a perfect combination between precious elements from the natural environment and the respect for nature, to create a modern yet community friendly living environment. The highlight of this project is a system of six parks and an "all-in-one" facility ecosystem. It can be sure that when completed, Waterpoint will be the brightest picture of urban planning and development in the West of Saigon.

New movements in the West market

According to DKRA Vietnam’s Q3/2021 market report, government tightening construction permits as well as the increasingly limited land fund resulted in the remaining supply of townhouses and villas in Ho Chi Minh City being mostly old and expensive projects. Therefore, this market segment tends to move to outskirt areas such as Dong Nai, Long An, Binh Duong, etc. These are areas with abundant land funds, convenient transportation and reasonable prices.

Diversifying products for both investment and residential demands help Waterpoint become an attraction to buyers and generate impressive sale revenue.

DKRA Vietnam also forecasted that the overall market demand for townhouses and villas would recover by the end of the Q4/2021 as the Covid-19 pandemic is under control. As for the provinces bordering Ho Chi Minh City, customers' attention is on projects located in large urban areas, which are appropriately designed and built by reputable investors. This is also the driving force for market growth in the near future.

In Long An particularly, there are 35 industrial parks with more than 500,000 workers, so the housing demand is very high, especially for townhouses and affordable apartments. For this reason, Waterpoint, as a large township with full facilities, a strategic location adjacent to Ho Chi Minh City and Mekong Delta region, diversified products, is an extremely ideal destination. This also explains why products were always sold out as soon as they were launched.

Investors believe that the potential of the West area is not smaller than of the East or South Saigon area. A series of large infrastructure projects including the Ben Luc - Long Thanh, Tan Son Nhat - Long An expressways; Ring Road 3, Ring 4 or high-speed railway Ho Chi Minh City - Long An - Can Tho are being built in the West, in addition to the fact that Binh Chanh district will become a district in 2025. These factors will be the push to expedite growth of the real estate market. By that time, Waterpoint will be the urban center just like Phu My Hung in the South area.

Source: thesaigontimes.vn