In-depth Review of 122 Vĩnh Tuy Apartment Project (UDIC Riverside)
122 Vĩnh Tuy Apartment, also known as UDIC Riverside, is a prominent project in the heart of Hanoi, developed by the Urban Infrastructure Development Investment Corporation (UDIC). With its prime location near Vĩnh Tuy Bridge, the project promises a high-end, convenient living space with excellent transportation connectivity for residents.
Project Overview and Developer
The 122 Vĩnh Tuy Apartment is developed by the Urban Infrastructure Development Investment Corporation (UDIC), a reputable developer in Vietnam’s urban development sector. The total investment capital is VND 703 billion, reflecting the scale and commitment to quality from the investor.
The project is a mixed-use complex combining commercial services, office space, and residential apartments.
Scale and Technical Specifications
- Project name: 122 Vĩnh Tuy Apartment (UDIC Riverside)
- Address: 122 Vĩnh Tuy Street, Vĩnh Tuy Ward, Hai Bà Trưng District, Hanoi
- Developer: Urban Infrastructure Development Investment Corporation (UDIC)
- Total land area: 5,524 m²
- Construction area: 2,314 m²
- Building density: 41.8%
- Number of floors: 22 floors
- Total apartments: 324 units
- Architectural consultant: Hanoi Group Design Consulting JSC
- Supervision consultant: APAVE Asia-Pacific Vietnam Co., Ltd.
Prime Location and Regional Connectivity
The project is strategically located at the intersection of Ngõ 122 Vĩnh Tuy and Vĩnh Tuy Street in inner Hanoi. This location allows residents to easily access the city center while enjoying open views toward the Red River, creating a fresh and comfortable living environment.
The 122 Vĩnh Tuy Apartment is located near Vĩnh Tuy Bridge and, together with Times City and other projects, forms a modern urban cluster in Hanoi. It is also close to the University of Technology and Business.
Smart and Diverse Apartment Design
The 122 Vĩnh Tuy Apartment is designed efficiently, optimizing space and natural light. All units are designed to receive natural light, creating a bright and airy living environment.
The apartments come in various sizes, suitable for different customer needs, ranging from 2 to 3 bedrooms:
3-Bedroom Apartment Type (Type A)
- Area: 87m², 88m², 90m², 94m², 134m²
2-Bedroom Apartment Type (Type B)
- Area: 62.7m², 64.4m², 66.7m²
Complete Internal and External Amenities
UDIC Riverside 122 Vĩnh Tuy is planned with essential internal amenities within the project, directly serving residents’ daily living and entertainment needs.
Internal Amenities
Basic facilities within the project include:
- Shopping center
- Office space
- Cafés and gym
- Community hall
- Internal walking garden
External Amenities
The 122 Vĩnh Tuy Apartment benefits from a fully developed surrounding infrastructure, providing easy access to essential services:
- Schools at all levels: primary and secondary schools
- Prestigious universities: National Economics University, University of Industry and Trade, Hanoi University of Science and Technology
- Large green parks
- Close to Times City – one of Hanoi’s largest commercial centers
- Near major hospitals
Pricing and Financial Policies
The selling price of 122 Vĩnh Tuy Apartments is considered reasonable compared to its location and amenities. Customers can refer to the following price range and financial support policies:
Price range
Estimated price ranges from 81.43 – 91.04 million VND/m² (or 21–23 million VND/m² in older data), equivalent to around 1.4 billion VND per unit.
Payment schedule
Payment is divided into 4 flexible stages:
- Phase 1: 30% upon signing the sales contract
- Phase 2: 15% when casting the 15th floor slab
- Phase 3: 25% when topping out the building
- Phase 4: 30% upon handover notice
Financial support
Buyers are supported by SHB Bank with loans of up to 70% of the property value, with an interest rate of 6.99% per year.
Project Construction Progress Update
The project has gone through key construction phases (updated as of 2016):
- Q4/2015 (31/12/2015): Preparing to cast the 12th floor slab
- Q2/2016 (16/6/2016): Topping out phase
- Q3/2016 (15/8/2016): Completing exterior finishing
With its central location, well-planned layout, full amenities, and attractive sales policies, 122 Vĩnh Tuy Apartment (UDIC Riverside) is a highly worthy option for those seeking quality living space in Hanoi.
