Want to be in the loop?
subscribe to
our notification
Business News
CITY GARDEN JSC PARTNERING WITH SWIRE PROPERTIES ON “THE RIVER” IN HO CHI MINH CITY
City Garden JSC and Swire Properties announced a partnership today to develop “The River” a luxury residential property in Ho Chi Minh City.
Located in the heart of the Thu Thiem new urban area – on Crescent Boulevard, Primary Ring Road – The River is a gated condominium development comprising three residential towers offering a total of 525 luxury apartments. Nestled on the Saigon River, this project boasts 100-meters of water frontage and sits adjacent to four hectares of lush riverside landscaped public park.
Complementing the spectacular view are a multitude of amenities set to immerse residents in a resort-like lifestyle. These include a magnificent 50-meter lap pool, gym, yoga space, private movie lounge and golf simulator, as well as BBQ/picnic terraces and al fresco dining facilities to name but a few highlights.
The River is being brought to life through the collaborative efforts of international design consultants including DPA, DKO, ID Dept, ARUP, Aurecon, Elements Design Studios and ASA.
William Towne Baker, Chairman of City Garden JSC said, “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.”
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.”
With its robust economic growth and favourable demographics, Vietnam is 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.
Source: Swire Properties
Related News
VIETNAM’S GDP TO GROW 5.5% THIS YEAR – WB
This forecast is based on the assumption of a moderate recovery in manufacturing exports in 2024, fueled by rebound growth of 8.5% year-on-year in the fourth quarter of 2023 and 17.2% year-on-year in the first quarter of 2024, reflecting strengthening global demand, said Dorsati Madani, senior country economist at the WB in Vietnam.
FARE REFUND FOR VISA REJECTION
Cathay Pacific will offer full refunds for cases of visa rejection to provide you with the confidence to explore the world with ease. If you are planning to fly to a destination that requires an entry visa, you can now book with greater peace of mind.
FOUR COMMODITIES POST Q1 EXPORT VALUE OF OVER 5 BILLION USD
The total export turnover of agricultural, forestry, and fisheries products in the first three months of 2024 is estimated to reach 13.53 billion USD, an increase of 21.8% compared to the same period of 2023.
MOIT PROPOSES SCHEME TO BOOST RENEWABLE ENERGY PROCUREMENT
The proposed Direct Power Purchase Agreement (DDPA) mechanism, outlined in the draft decree, targets organisations and individuals consuming electricity from the 22kV power grid or higher, with a monthly consumption averaging 500,000kWh. However, residential households are excluded from direct procurement.
REAL ESTATE BONDS PLACE PRESSURE ON ISSUING FIRMS
The ministry’s recent report underscores concerns within Vietnam’s corporate bond market for 2023 and 2024. It emphasizes the critical need to address hindrances to the real estate sector in line with the objectives provided in Government Resolution No. 33/NQ-CP, which aims to stabilize the industry.
DA NANG CUSTOMS FOCUSES ON DEVELOPING CUSTOMS-BUSINESS PARTNERSHIPS
Da Nang Customs Department issued an action plan for developing customs-business partnership in 2024. One of the new events this year is the workshop on “Settlement reports for enterprises engaged in outsourcing, export production and export processing” held in Da Nang Customs Department on April 16, 2024.