New luxury residential development in Ho Chi Minh City

City Garden JSC and Swire Properties have formed a partnership to develop ‘The River’ - a luxury residential project in Ho Chi Minh City, Vietnam. Located in the heart of the Thu Thiem new urban area – on Crescent Boulevard, Primary Ring Road – this condominium development will comprise three residential towers offering a total of 525 luxury apartments.

The River is being delivered through the collaborative efforts of international design consultants including DPA, DKO, ID Dept, Arup, Aurecon, Elements Design Studios and ASA. Nestled on the Saigon River, the project boasts 100-m of water frontage and sits adjacent to 4 ha of lush riverside landscaped public park.

With its robust economic growth and favourable demographics, Vietnam is considered one of the world’s fastest emerging markets. Often referred to as the ‘Pudong of HCMC’, Thu Thiem’s innovative masterplan, rapidly improving connectivity and close proximity to the traditional central business district, make it one of the most enticing future development opportunities in the region.

Guy Bradley, chief executive of Swire Properties said, “We’re excited to partner with City Garden JSC for our first venture in Vietnam. With its rising income levels, high rate of urbanisation and growing foreign investment, Vietnam has great potential and we look forward to exploring more investment opportunities here.”

William Towne Baker, chairman of City Garden JSC added, “City Garden JSC is delighted to celebrate our new partnership with Swire Properties at The River. With our long-held reputation for delivering high quality, lifestyle appropriate developments, we look forward to collaborating with Swire Properties to continue raising the bar and setting new benchmarks for bespoke luxury residences.”

According to the report by Vietnam Investment Review in June, construction of The River started in August 2019 and the project is planned to be handed over in the fourth quarter of 2021.

Image: Swire Properties