LUXURY APARTMENTS THU DUC CITY SUPER RICH
For the super-rich, the apartments they own are not only considered an asset but also a measure of the class of the owner. As one of the “focal points” of the luxury apartment market, Thu Duc city is attracting great attention from the elite.
The attraction of luxury apartments
According to Wealth-X, the growth rate of the number of rich people (net assets from 1-30 million USD) in Vietnam is about 10% in the period 2018-2023 – among the top 5 fastest growing countries in the world. Besides, Knight Frank also predicts: From 2020 to 2025, the growth rate of the super-rich in Vietnam will reach 31%.
The strong increase of the upper class in both quantity and quality led to increasing consumer demand and ownership of luxury items. In particular, the age of the rich is getting younger and younger, so experiential standards are increasingly focused.
This is gradually having a strong impact on the luxury real estate market in Vietnam, including the apartment segment. Luxury apartments always possess an irresistible attraction because of their prime location, ability to meet strict requirements in terms of aesthetics, exclusivity, connectivity with luxury brands, and living spaces that bring luxury amenities to customers privileged experience.
Thu Duc City – New territory of luxury projects
Possessing a gateway position to the east of the city and orienting to be the financial-economic center of Ho Chi Minh City and the southern region, Thu Duc City is given priority to invest in infrastructure and transport with a series of projects. Major projects are being implemented such as Ring 3, Metro Ben Thanh – Suoi Tien elevated railway, Hanoi highway, Pham Van Dong Avenue, Ho Chi Minh City – Long Thanh – Dau Giay highway…
With many advantages and outstanding potential, Thu Duc City has become a bright spot where real estate “big guys” aim to create “terrible” projects to serve the needs of luxury apartments of the elite stay rich.
Therefore, in addition to the central area, Thu Duc city is considered a new district of luxury projects with a series of apartments priced at over 100 million/m2 such as Empire City, The River Thu Thiem, Metropole Thu Thiem, Eco Smart City, Sarimi Sala, Sarica Sala, Sarina Sala, Define, The Global City, Saigon Sports City…
The recent highlight is the Thu Thiem Zeit River project of the investor VGSE under GS E&C – one of the largest multi-field corporations in Korea. The project is located at Lot 3-11 in the third functional area in Thu Thiem urban area and is expected to have a price range of 7000 USD/m2, equivalent to 160 million VND/m2.
Customers interested in investment opportunities in potential projects in Thu Duc City – the new territory of luxury apartment projects, please contact JJLand for detailed advice!