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Riverside Real Estate – A Symbol of Prosperity

Since ancient times, rivers have been the cradle of prosperous civilizations. Beyond their agricultural and trade value, rivers play a pivotal role in modern urban development by enhancing the landscape, improving the climate, and contributing to the feng shui of a city. Notable examples include Paris with the Seine and London with the Thames, where the rivers have shaped the identity and living spaces of these metropolises.

Riverside urban areas are often considered the epitome of luxury living, attracting affluent individuals willing to pay a premium for a classy, nature-centric, and sustainable environment. Taking advantage of the waterfront scenery and open spaces, these developments typically feature meticulous planning, integrated infrastructure, upscale amenities, and expansive green areas. In Vietnam, notable examples include Vinhomes Riverside in Hanoi, the new Thu Thiem urban area in Ho Chi Minh City, and Royal Island Vu Yen in Hai Phong, all of which boast coveted riverside locations.

Riverside real estate holds a strong appeal for discerning investors and buyers due to its numerous advantages. In Asian philosophy, water is believed to be a gathering place for positive energy, bringing prosperity and good fortune to homeowners. Naturally, rivers help regulate the climate, creating a cool, serene, and pristine living environment. Consequently, riverfront properties are not only more valuable but are also expected to appreciate steadily, especially in areas with developing infrastructure and limited supply.

As Riverside Land Becomes Scarce

The scarcity of riverside land is making real estate in these prime locations a rare commodity in the market. According to CBRE, the supply of low-rise housing in Ho Chi Minh City has nearly hit rock bottom in the last two years, with most projects now offering only 10-50 units per launch. In the fourth quarter of 2024, a record low of just 27 units were introduced, a 90% decrease from the previous quarter. Reports from Cushman & Wakefield and other research entities unanimously assert the dwindling availability of riverside land in city centers, with almost no new sources for development.

This finite type of real estate is highly sought-after because riverside land cannot be “rezoned” or created to meet market demands. Modern urban planning trends prioritize the development of green spaces and public parks along rivers to serve the community rather than constructing new housing projects. Consequently, the supply of riverside projects is dwindling, especially in prime locations where rivers flow through the heart of the city.

The expansion of transportation infrastructure has prompted a shift in market dynamics, with capital flowing to satellite areas like Dien Chau in Nghe An and Long An and Dong Nai in the south, where riverside land is still available for development. Riverside projects in these peripheral regions benefit from their natural advantages and offer exceptional potential for value appreciation.

As riverside land becomes scarcer, existing projects with clear legal titles and affordable prices are almost non-existent in the market. This reality underscores the appeal of riverside real estate to investors, as it not only offers a rare green living environment but also holds the promise of substantial long-term value growth.

With the real estate market rebounding, many areas are establishing new price benchmarks after a period of stagnation. Looking back at Ha Long or Sam Son five to seven years ago, we can clearly see the advantage of investors who took the lead: most of them now own assets that have grown two to threefold in value. This cycle is repeating in regions that are still “undervalued,” such as Dien Chau, where riverside land still has significant development potential.

The distinguishing feature of the market during this recovery phase is the rapid pace at which new price levels are being set. The longer one waits, the higher the cost of entry becomes, and the scarcer the opportunities to secure prime locations. This reality prompts many investors to act now, taking advantage of the limited availability of riverside land and relatively comfortable price points to accumulate long-term assets.

ROX Living Aquamarine – A New Symbol of Luxury Living on a “Peninsula” Surrounded by Three Rivers

As the market establishes new price levels, ROX Living Aquamarine stands out as one of the few remaining riverside projects in Dien Chau, Nghe An. With its unique location, ecological value, and evident potential for price appreciation, investing in this project at this stage is akin to seizing a golden opportunity. With prices ranging from 38 to 45 million VND per square meter, this is the ideal time for F0 investors to acquire tangible assets at reasonable costs before the market enters its next growth phase.

Occupying a distinctive natural “peninsula” surrounded by the Bung River on three sides, ROX Living Aquamarine offers a pristine and cool living environment thanks to the natural water flow, resulting in temperatures 1-2°C lower than in neighboring residential areas. In terms of connectivity, the project boasts a prime location adjacent to National Highway 1A, providing residents with convenient and swift travel along the vital North-South transportation axis. The development is also strategically located just 4 km from the North-South Expressway, 2 km from Cho Sy Station, and approximately 37 km from Vinh International Airport, offering a comprehensive transportation network via road, rail, and air. Notably, ROX Living Aquamarine is in close proximity to VSIP Nghe An 2 Industrial Park, a mere 10-minute drive away, which will attract a significant population of residents, experts, and quality accommodation demands in the future.

Designed with meticulous attention to detail and adhering to the standards of an ecological model urban area, ROX Living Aquamarine not only fulfills the ideal residential aspirations of the elite but also establishes a new standard of living in Dien Chau. This community attracts a refined cohort of residents who relish the verdant surroundings and the exceptional potential for value appreciation in today’s real estate market.

Minh Tai

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