Viva Plaza Project District 7: In-depth Analysis of Luxury Apartments at the Gateway to Phu My Hung
Viva Plaza is a prominent luxury apartment project located in the South Saigon area, right on the main road Nguyen Luong Bang, District 7. With a strategic location and a range of top-notch amenities, Viva Plaza is not only an ideal place to live but also an attractive investment opportunity. This article will provide an in-depth analysis of the important aspects of the project, including location, design, amenities, as well as information about the developer and progress.
Overview of Viva Plaza Project
Viva Plaza is described as a high-end apartment project, located in a prime location near the Phu My Hung urban area. The project is planned with only 1 block of 24 floors. The first 3 floors are dedicated to commercial areas, meeting the diverse shopping and service needs of the residents. There are a total of 295 luxury apartments, forming a modern and civilized community.
The project is located on a land area of 5,852.04 m². The construction scale includes 2 basement levels, 3 commercial floors (TTTM), and the apartment floors. The total built-up area (excluding the basement, technical areas, and roof) is 31,774 m². The building's height is 80.40m (from the ground floor).
The asking price of the project ranges from 52 to 63.78 million/m², a competitive price for a project adjacent to Phu My Hung.
Strategic Location and Connectivity
Exact Address
Viva Plaza is located at 15B Nguyen Luong Bang Street, Phu My Ward, District 7, Ho Chi Minh City. This is a very convenient location, right on the main road Nguyen Luong Bang, considered a key development axis of District 7, connecting the existing area with Phu My Hung.
This location is highly valued for its easy access to existing external amenities and regional transportation systems. The project is located opposite Phuoc Long Market, a daily essential convenience, and is close to Rach Dia River, providing a spacious and nature-friendly living environment.
Perfect Regional Connectivity
From Viva Plaza, residents can conveniently travel to key areas of the city thanks to its proximity to Nguyen Van Linh Boulevard and Huynh Tan Phat Street. This connectivity is a major advantage, making it easy for residents to access top amenities in the area:
- Adjacent to Phu My Hung and South Saigon Schools.
- Only about 500m to the Canadian International School.
- About 5 minutes to Phap Viet (FV) Hospital, Tam Duc Hospital, and District 7 Hospital (about 3km).
- 4km to the center of District 4.
- About 8km to Ben Thanh Market (District 1 center).
- 16km to Tan Son Nhat Airport.
Notably, the project is only 300m away from the Evergreen luxury villa and apartment complex in District 7 (also located on Nguyen Luong Bang Street), demonstrating the area's value and potential for development.
Design and Technical Specifications
The Viva Plaza project is designed with modernity in mind, optimizing living space for the 295 apartments. The detailed technical specifications of the project are as follows:
Total land area: 5,852.04 m²
Total number of apartments: 295 apartments
Number of floors: 24 floors (including 2 basement levels and 3 commercial floors)
Building Density
The building density is balanced appropriately to ensure green spaces and amenities for residents:
- Building density of the podium: 42.5%
- Building density of the tower: 22.5%
A building density of just 22.5% for the tower is an impressive number, reflecting a priority on open space and public amenities compared to typical apartment projects. The built-up floor area of the podium is 2,188 m² and the tower body is 1,158.4 m².
Diverse Internal and External Utilities
Viva Plaza is committed to offering a luxurious and convenient lifestyle with a variety of internal and external amenities.
Internal Amenities
The internal amenities are thoughtfully arranged within the building, catering to the basic and recreational needs of the residents:
Basement (2 levels): A spacious parking area for two-wheelers and cars, along with necessary technical and safety facilities.
Commercial and Service Floors (Floor 1 - Floor 4):
- Floor 1: Commercial area, commercial lobby, and apartment lobby.
- Floors 2 & 3: Commercial spaces, technical areas, and some apartments.
- Floor 4: Commercial spaces, apartments, community space, and a rooftop garden, creating a green highlight at the top.
Notable Amenities:
- Large shopping center
- Parking area
- Professional security system with 24/7 cameras and card access
- Professional reception
- Modern elevator system
- Air conditioning system
- Fire safety system (PCCC) meeting standards
- Emergency exits
- Community room
- Children's playground
- Convenience store
Additionally, the project benefits from a 1.3 km long riverside park, providing a fresh and relaxing living environment.
External Amenities
Thanks to its proximity to Phu My Hung, residents of Viva Plaza enjoy all the top-class amenities of this leading urban area, including international schools (Canada, South Saigon), major hospitals (FV, Tam Duc), and well-known shopping centers.
The ability to travel only 5 minutes to the famous Phu My Hung centers is a major competitive advantage, allowing residents to easily access all premium services.
Developer Information and Project Progress
Developer and Construction Unit
Information about the project developer is an important factor in determining the construction quality:
- Developer: Vietnam Real Estate Company.
- Construction Contractor: Nam Thanh Technical Construction Joint Stock Company.
The involvement of reputable units ensures the construction quality and progress of the project.
Progress Update
The Viva Plaza District 7 project started construction in 2017. After a temporary halt, as of the April 2023 update, construction has resumed, demonstrating the developer's commitment to completing the project, instilling confidence in potential buyers.
With its large total floor area, the continued construction is a positive sign that the project is entering its final stages to hand over apartments to residents soon.
Investment Potential and Residential Value
Viva Plaza is not only an apartment project but also has significant investment and long-term residential potential.
Residential Value
Its location on Nguyen Luong Bang Street, adjacent to Phu My Hung, guarantees that residents will enjoy a high-quality living environment, with well-developed infrastructure, and access to top schools, healthcare, and entertainment in South Saigon. The riverside park and low building density (22.5% for the tower) create a spacious, green living space ideal for modern families.
Price Appreciation Potential
District 7, especially the Phu My Hung area, consistently maintains high demand for real estate. The development of infrastructure, combined with the restart of the project after the pause, will bolster confidence and drive up property values. The price range of 52 - 63.78 million/m² is considered reasonable compared to other new projects in the area. Owning an apartment at Viva Plaza at this time could yield significant returns in the future as the area continues to develop and finalize its remaining amenities.
In conclusion, Viva Plaza is one of the most promising choices in District 7 for those seeking a luxury apartment with a prime location, full amenities, and sustainable investment potential. With strong construction progress, the project is set to become a shining highlight on the real estate map of Ho Chi Minh City.
Note: This article is based on compiled information about the Viva Plaza project, including location, scale, design, and progress updates as of April 2023.
