Gateway Thao Dien attracts high-income customers

Gateway Thao Dien in Ho Chi MInh City offers homeowners impeccably-designed units with stunning river and city views

Notably, in Ho Chi Minh City’s plan to invest VND250 billion ($11.2 million) in infrastructure over the 2010-2020 period, the eastern part of the city, where the project is located, accounts for 70 per cent of planned investment. Many key projects have been completed in the area, such as the Long Thanh-Dau Giay expressway, the Vo Van Kiet road, the Thu Thiem tunnel, the city’s inner ring road, and the Saigon 2 bridge. Also, the new Metro Line 1 route will vastly improve the area.

In addition to the development of transport infrastructure, facilities to serve the demand of residents, such as malls, schools, and hospitals, are also being completed. These factors are prompting the rapid development of real estate in the area, especially for projects along the Metro Line 1.

Of these projects, Gateway Thao Dien stands out by virtue of its quality and the ease with which customers can purchase apartments. Gateway Thao Dien is a 150-metre walk from station No.7 on the Metro Line 1. Residents are also within walking distance of the biggest mall in the eastern part of the city, Vincom Mega Mall Thao Dien. Meanwhile, the Parkson mall and Metro supermarket, the International School Ho Chi Minh City, and the British International School are only a few minutes’ drive away.

The population density is low and facilities such as BBQ area, swimming pool, gym, sauna, as well as restaurant and café will make residents of Gateway Thao Dien feel like they are living in a resort.

The project has 439 condo units with 1-4 bedrooms, 85 serviced apartments, and 22 ultra-luxury, extra-large apartments, offering stunning river and city views. The apartments at Gateway Thao Dien are equipped with large windows providing plenty of natural light, with impeccable standards of design and finishing throughout, making each apartment truly a home.

On February 3, 2016, the Ho Chi Minh City People’s Committee assessed the unit price of Gateway Thao Dien’s land for the developer to perform its financial obligations under Decision No.412/QD-UBND. After receiving approval, the developer fully paid the land use fee as certified by the District 2 Tax Bureau under Official Letter No.012/CCT-TrB dated February 17, 2016.

Also, the Ho Chi Minh City Department of Construction has approved the developers to sell the apartments to be formed in the future which belong to Block A (The Aspen) and Block B (The Madison) of Gateway Thao Dien in accordance with the Official Letter No.2198/SXD-PTN&TTBDS dated February 5, 2016 and Official Letter No.3594/SXD-PTN&TTBDS dated March 9, 2016. This is an important legal ground that forms the basis on which the developer is allowed to sign the sales and purchase agreements with the customers.

The project’s home buyers will gain more confidence knowing the developers have signed the Agreement on Provisions of Guarantees with Orient Commercial Bank (OCB) on February 1, 2016. The bank will therefore issue bank guarantee letters to Gateway Thao Dien’s buyers. This agreement proves that the developer is fully compliant with all current laws.

Gateway Thao Dien is jointly developed by SonKim Land and Hamon Developments. The construction was headed by contractor Cofico and supervised by Mace, both major names in the construction field not just in Vietnam but worldwide.

At the Vietnam Property Awards 2015, Gateway Thao Dien won prizes for the Best Condo Development in Vietnam and the Best Luxury Condo Development in Ho Chi Minh City. Gateway Thao Dien was also one of six finalists for the Southeast Asia Property Award for Best Condo Development in the region, and received the Highly Commended Award in Singapore in October 2015.