Water Bay – Luxury Riverside Apartment Project by Novaland Group
Water Bay is a large-scale mixed-use residential development by Novaland Group, located in a prime riverside position along Mai Chi Tho Boulevard, Bình Khánh Ward, now part of Thu Duc City (formerly District 2), Ho Chi Minh City. With a total area of 30 hectares, the project is set to create a premium living environment offering more than 8,000 units, including apartments, officetel units, and shophouses. Beyond its strategic location, Water Bay stands out with a comprehensive range of high-end internal amenities, delivering a modern and convenient lifestyle for residents.
Water Bay Project Overview
Water Bay is a mixed-use development by Novaland Group, located at 26 Mai Chi Tho Street, Bình Khánh Ward, Thu Duc City (formerly District 2), Ho Chi Minh City. The project is considered a key development designed to form a high-end residential community. It spans 30 hectares with a low building density of only 23%, ensuring abundant green space and amenities. The project consists of 12 residential towers, offering approximately 8,250 apartments along with officetel and shophouse units.
In terms of legal status, the project has long-term ownership certificates (red-book ownership), providing strong security for both investors and residents. As a riverside development, Water Bay benefits from fresh air, open views of the Saigon River and Giồng Ông Tố River, and a naturally cooling environment.
Prime Strategic Location
Water Bay is located at a “golden” position on Mai Chi Tho Boulevard, Bình Khánh Ward, District 2 (now Thu Duc City), Ho Chi Minh City. This area benefits from a well-developed transportation infrastructure, allowing residents to easily connect to key destinations:
- 3.8 km to Thu Thiem Tunnel, directly connecting to District 1 CBD.
- Around 2 km to Thu Duc City People’s Committee.
- 3.2 km to Hanoi Highway, connecting to Bien Hoa and Binh Duong.
- 5 km to Ho Chi Minh City – Long Thanh – Dau Giay Expressway.
- Within 5–7 km radius to international schools, shopping malls, and hospitals in Bình Khánh, An Phú – An Khánh, and Thảo Điền areas.
This location not only offers excellent connectivity but also a peaceful riverside environment with open views, bringing a balanced lifestyle between urban vibrancy and natural serenity.
Unique Design and Diverse Product Offering
Water Bay is developed on a 30-hectare site with a low construction density of 23.6%, reflecting Novaland’s commitment to green living and high-quality community spaces. The project includes 12 high-rise towers, offering more than 8,000 units across three main types: apartments, officetel units, and shophouses.
Apartment units range from 47 m² to 110 m², featuring 1 to 3-bedroom layouts, suitable for singles, young couples, and multi-generational families seeking spacious and comfortable living environments.
Premium Internal Amenities
Water Bay is designed as a fully integrated residential complex, providing residents with a complete range of amenities within the project.
Leisure and Entertainment Amenities
- Infinity and overflow swimming pools for a luxury resort-like experience.
- Marina for private water transportation experiences.
- Spa and sauna facilities for wellness and relaxation.
- Green parks and jogging paths for outdoor activities.
- BBQ areas for family and social gatherings.
- Community rooms.
- Children’s playgrounds.
Sports and Wellness Facilities
- Fully equipped gym and yoga studios.
- Tennis courts and basketball courts.
- On-site general clinic for basic healthcare services.
Commercial and Service Facilities
- Shopping mall.
- Restaurants and coffee shops.
- Supermarket and convenience stores.
- Kindergarten.
- Reception and concierge services.
Security and Infrastructure System
- 24/7 security system with modern surveillance cameras.
- Two-level basement parking.
- Advanced fire protection system.
- Modern elevators, ventilation systems, and emergency exits.
External Amenities
- Connection to nearby ecological parks and green spaces.
- Proximity to reputable international schools.
- Access to nearby shopping and entertainment centers.
- Well-developed urban infrastructure in District 2 – Thu Duc area.
Pricing and Investment Potential
Water Bay’s estimated selling price ranges from 70 to 80 million VND/m². Compared to nearby projects, it remains highly competitive:
- Waterina Suites: ~77 million VND/m².
- Palm Garden: ~55 million VND/m².
- New City Thủ Thiêm: ~60 million VND/m².
With its prime riverside location, large scale, and strong developer reputation, Water Bay is not only a desirable residential choice but also a promising investment asset with strong long-term appreciation potential in Thu Duc City’s rapidly developing area.
Developer – Novaland Group
Water Bay is developed by Novaland Group, one of Vietnam’s leading real estate developers. With extensive experience and a strong portfolio, Novaland is committed to delivering high-quality projects with superior design, infrastructure, and amenities, ensuring long-term value for customers.
Legal Issues and Project Status
The Water Bay project was initially expected to be handed over in 2021. However, it is currently facing legal issues related to procedures connected with the Thu Thiem New Urban Area. Relevant authorities are reviewing and resolving these issues. Despite this, the project retains significant potential due to its strategic location and large-scale planning.
Conclusion
Water Bay is a rare large-scale riverside residential project in Thu Duc City with low building density, extensive amenities, and a strategic location. Featuring over 8,000 units, premium facilities, and strong connectivity, it offers a high-end lifestyle close to nature while remaining near the city center. Despite ongoing legal considerations, the project continues to hold strong long-term investment potential, backed by Novaland Group.
