HCMC –Diamond Island in HCMC’s District 2 has seen land prices surging since a new bridge was opened to traffic, with prices rising by billions of dongs, Nguoi Lao Dong newspaper reports.
Located at the heart of the District 2, Diamond Island HCMC is a perfect “product” of the investor Kusto, now the project is attracting a lot of customers interested. Considered as the most brilliant diamond of Ho Chi Minh City, the Diamond Island project is still widely known.
LAND PRICES ON DIAMOND ISLAND HCMC
The project offers a luxurious, healthy and safe environment that is ideal for families of all generations. Only on this natural island, you can find the unique Resort Homes which are surrounded by more than 85% of the area is green space. This is also a place to enjoy the cityscape perfectly.
Indeed, what makes the difference in Diamond Island HCMC is not just luxury amenities or luxury living, but a true home environment – a “diamond value” that the owner Private Kusto Home puts the top priority.
The bridge opened on May 30 following eight months of construction. The VND493-billion bridge spans the Giong Ong To River, measuring some 300 meters in length and 22 meters in width, and was designed to ease traffic congestion in the area and on Dong Van Cong Street. The bridge connects the residential area in Thanh My Loi with Mai Chi Tho Street. Accordingly, the real estate sector on Diamond Island is gradually growing.
A broker reports that the Saigon Mystery Villas project, owned by Hung Thinh Real Estate Business Investment Corporation, was priced at VND80 million per square meter before the Lunar New Year, but the current prices have reached a minimum VND100 million per square meter. It is believed that all land lots for the project have been sold out.
Also, the Singapore-based Mapletree Company’s high-end condo building, One Verandah, which was built near the river, is selling at VND50-55 million per square meter, instead of the earlier VND45-55 million.
Land prices have risen by over 40 per cent, ranging from VND80-140 million, based upon locations, since last year, according to a real estate employee, adding that land lots over 300 square meters in front of the Sai Gon River, such as 103-TML, Bat Nan, and Dang Nhu Mai, are being offered at a price of VND240 million per square meter.
Le Hoang Chau, chairman of the HCMC Real Estate Association, said that it is expected that some areas in District 2, such as Thanh My Loi, Binh Trung Tay, and Cat Lai wards, will benefit from the new bridge to Diamond Island.
“With such a new bridge, residents planning on building houses will being construction, investors will speed up projects, while public facilities, commercial centers, and shopping malls will be opened, turning the area into a high-end urban site on the Sai Gon River in HCMC,” said Chau.
The Diamond Island HCMC also has a collection of perfect amenities for the whole family. International standard swimming pools’ area is up to 2.300 square meters, including resort-style swimming pool and 50m-long sports pool. Residents can enjoy excellent cocktails at the restaurant overlooking the romantic Saigon River. Children can play in many places such as Pirate ship Water Park, Outdoor Library, Musical and Art Academy, Astronomy Castle. Water Taxi and Marina are exclusive for residents to go downtown. And entertainment places are available everywhere, including Riverside Park, BBQ Garden, Infinity Pool, Zen garden, Spa, Mini Golf, tennis courts, Sport-Complex. The interior of the apartment is arranged in a resort style, helping residents enjoy maximum relaxation moments.
Understanding that family is the core of Vietnamese cultural values, especially when it comes to the future of their children, Kusto Home pledges to create an ideal living space for all 3 generations: grandparents, parents, and children with customized facilities for the family.