The Thu Thiem Zeit River project is nearing completion of construction.
The Thu Thiem Zeit River project has successfully topped out its two towers and has entered the detailed completion phase, ready for handover with flexible payment policies.
According to the developer, as of September 2023, the Thu Thiem Zeit River project has ensured its construction progress. The two towers, T1 (25 floors) and T2 (32 floors), have been successfully topped out. The developer has now shifted to the detailed completion phase, including interior finishing, painting, installation of wooden doors, and tiling for each floor. The construction team has also accelerated the completion of the landscape area and the four utility floors for future residents. The residential parking area has been completed as well.
In the podium block, the low-rise apartments (podium units) are currently undergoing the final exterior painting. The swimming pool and children’s playground are in the process of being constructed. The elevated amenities area, which is introduced as a highlight of the project, is entering the phase of constructing an infinity pool and a jacuzzi, ensuring completion before the arrival of the first residents.
“In the midst of a market with many fluctuations, ensuring the construction progress is considered the success of Thu Thiem Zeit River and reaffirms the financial strength of the developer VGSE – a member of GS E&C (South Korea),” said the representative of the developer.
Thu Thiem Zeit River spans an area of 3.3 hectares and includes two towers, T1 and T2, along with a low-rise podium block. It offers a total of 300 units, including apartments, townhouses, shophouses, and penthouses. The project enjoys a prime location on Nguyen Co Thach Street, An Khanh Ward, which is an important connection route between the Thu Thiem urban area and central districts. The project provides residents with the opportunity to enjoy the dynamic urban life with a variety of amenities while also offering a private, tranquil living space with abundant green areas.
According to the evaluation by the Ministry of Construction, the real estate market is gradually recovering towards the end of the year. Experts assess that the government’s easing policies are being gradually absorbed. There is an expectation that starting from October, a significant amount of money will be withdrawn from banks to invest in real estate. According to Savills, 80% of successful transactions during this period come from projects with solid legal foundations and construction progress that meets the promised commitments.
The Thu Thiem Zeit River project investor has recently introduced a flexible payment policy aimed at helping investors reduce financial pressure and ensuring the sustainability of their investment value. According to this policy, buyers are required to make a 10% payment upon signing the purchase contract. They will also receive support with a 0% interest rate and a principal repayment grace period of up to 18 months.
“The sales policy provides a great opportunity for buyers to own a comfortable living space in the city center while also creating a more vibrant real estate market in Thu Thiem,” shared the representative of the developer.