“Highlight” of Q1 2024 in Ho Chi Minh City Real Estate
The real estate market in Eastside Ho Chi Minh City is buzzing once again with the introduction of Eaton Park. Malaysian developer Gamuda Land, known for its credibility, hosted a grand “Kick-off” event in March, attended by 2,700 sales professionals from 24 leading agencies across the country. Although the official sales launch is yet to come, Eaton Park has already attracted significant interest from investors and prospective homeowners. Positioned on prime land, this upscale project is strategically located at the entrance of Ho Chi Minh City’s central district, with complete legal documentation and set to launch in early 2024.
Gamuda Land, a prominent foreign real estate developer in Vietnam, is the real estate arm of Gamuda Berhad – a construction conglomerate with nearly half a century of history, leading the Malaysian and Southeast Asian markets. Since its establishment in 1995, Gamuda Land has made a mark in Malaysia, Singapore, Australia, Vietnam, and the United Kingdom, with 11 townships and 13 high-rise mixed-use projects worth over $21 billion in total development value as of April 2024.
In Vietnam, this leading Malaysian urban developer has established a reputation with two large-scale international townships: Gamuda City in Hanoi’s Hoang Mai District and Celadon City in Ho Chi Minh City’s Tan Phu District. In 2021, Gamuda Land made a breakthrough with its Quick Turnaround Project (QTP) plan to significantly expand its business scale in Vietnam, aiming to launch 10 to 15 new projects within the next five years. As a testament to this plan, within just three years, Gamuda Land has successfully launched three new projects: Artisan Park in Binh Duong New City, Elysian in Thu Duc City (formerly District 9), and the most recent one being Eaton Park.
With this project, the Malaysian real estate giant aims not only to continue its trademark legacy but also to establish a new benchmark for the Ho Chi Minh City market through its superior location, quality development, and luxurious amenities.
Located on Mai Chi Tho Street, only a 15-minute drive from District 1, Eaton Park enjoys the most bustling position in An Phu Ward, the center of Thu Duc City. This area combines the vibrancy and glamour of District 1 with the modern lifestyle of the emerging area, complete with international-standard facilities and infrastructure.
The project boasts excellent connectivity through major arterial roads and key infrastructure projects such as Metro Line 1 Ben Thanh – Suoi Tien, Ho Chi Minh City – Long Thanh – Dau Giay Expressway, Hanoi Highway, An Phu 3-tier interchange… Additionally, Eaton Park is adjacent to the Rạch Chiếc Sports Center, a planned venue for future international tournaments in Vietnam.
Spanning over 3.77 hectares, Eaton Park comprises six high-rise towers ranging from 29 to 39 floors, offering a total of 2,052 units that cater to diverse investment preferences. Specifically, the project includes 1,968 premium apartments with one to three bedrooms, 12 penthouses, 52 retail units at the podium level, and 21 shophouses. The unique and impressive design, combined with its prestigious location in the new international financial center of Ho Chi Minh City, ensures that Eaton Park will become an iconic symbol of the area. The location also provides unobstructed views for the residents, free from any surrounding construction.
According to a report by Savills, this area experiences over 10% annual growth in apartment values and leads the city in terms of occupancy rate, reaching almost 100%. This presents attractive investment opportunities for buyers.
Eaton Park sets a new living standard with its elegant and prestigious architectural design inspired by the motion of waves and the sculptural language of geological formations. The entire project’s facade is clad in triple-layered curved glass, 21mm thick – a premium material commonly used in luxury high-rise buildings worldwide, providing both luxurious beauty and effective dust, heat, and UV protection.
The project differentiates itself through its superior handover standards. Each unit at Eaton Park is meticulously finished from the floor, doors, air conditioning, internal communication system, kitchen appliances, to sanitary wares, offering residents a first-class and convenient living experience. All appliances are sourced from top-tier international brands such as Bosch, Grohe, Duravit, Yale, Schneider, Daikin, or equivalent.
Every detail in the design demonstrates the developer’s meticulous attention. The ceiling height from floor to floor is 3.5m, paired with a spacious layout of only 10 units per floor and six elevators per floor. The apartments at Eaton Park are considered larger in comparison to other projects in the same segment, providing residents with comfortable and spacious living experiences.
Highlighted by Biophilic design and meticulous overall planning, Eaton Park offers over 100 rich amenities that fully satisfy the diverse daily needs of residents of various ages. It promises to set a new benchmark for modern urban living, delivering a comprehensive, abundant, and balanced lifestyle for the body, mind, and soul.
Surrounding the development are a 1km running and biking trail and an impressive central park, taking advantage of the existing lush green canal, promoting a healthy and active lifestyle. In addition, relaxation facilities such as a snow sauna or an onsen bath contribute to a five-star hotel-standard living experience. Art, entertainment, education spaces for children, and creative studios are also exceptional internal amenities at Eaton Park, serving the modern lifestyle of future residents.
With strong legal conditions, Gamuda Land commits to continuous 24/7 construction progress, ensuring on-time or ahead-of-schedule handover, expected in mid-2027. In reality, the project officially commenced piling works in December 2023, and after just three months, the developer has accelerated the progress with the underground construction phase 1 starting in late March 2024.
The project is set to be officially launched in mid-Q2, with an estimated starting price of 125 million VND per square meter, calculated based on the net usable area. The developer promises to offer overwhelming incentives and the most attractive payment schedule in the market for early bird customers.
Learn more about Eaton Park (Tâm Lực Residential Area)
Hotline: 0903340888
Website: Eaton Park
Facebook: Eaton Park by Gamuda Land