Review of Sunwah Pearl Apartment Project in Binh Thanh District

SUNWAH PEARL APARTMENT PROJECT REVIEW

The project has been handed over for over a year, boasting a fantastic location in Binh Thanh District, yet extremely close to District 1. It enjoys excellent transportation convenience, situated along Nguyen Huu Canh Street and adjacent to the Thu Thiem Bridge.

The project consists of three towers: Golden, Silver, and White, comprising approximately 1,300 units. Typically, Golden Tower is the most expensive, while White House offers more affordable options. However, at the moment, many people are seeking units in Silver Tower, particularly units 07-08, due to their direct Bitexco view. A two-bedroom unit in Silver Tower is priced at around 15.5 billion VND, approximately 150 million VND per square meter.

One-bedroom units are exclusively available in White House (units 7, 8, 9 with river views, units 3, 4, 5 with city views) and Silver Tower (unit 03 with river views), with prices ranging from 4.5 to 6 billion VND, depending on the specific unit and view. Unit 03 in Silver Tower may not have the same stunning view as units 7-8-9 in White House, but it remains the most expensive due to its larger size, well-arranged layout, and overall attractiveness.

The Sunwah project’s quality, by Sunwah Group as the developer, is beyond dispute. It is impeccably finished, and its amenities, including the swimming pool and gym, are of the highest standard. Currently, the prices of secondary apartments in the project have increased two to three times compared to the initial launch prices. Rental prices are in the range of approximately 20 million VND for a one-bedroom unit to 30-40 million VND for a two to three-bedroom unit. While there aren’t many shophouses within the project, residents can make use of the existing amenities of Saigon Pearl, such as supermarkets, restaurants, and coffee shops. The developer’s sales approach is quite unique, and one might say, top-notch. They don’t run flashy marketing campaigns, and there aren’t many F1 agents involved. They sell steadily because they are not under financial pressure. The philosophy is to hold onto properties for as long as possible, allowing prices to appreciate. This is why even two years after handover, the developer still holds onto some units and releases them slowly. This approach is similar to One Verandah, where units are still being released despite the project being handed over a while ago. This is in contrast to many Vietnamese developers who tend to rush through sales and move on to new projects quickly. From a personal perspective, the prices at Sunwah are quite reasonable, at around 100 million VND per square meter, considering its central location by the river. Many other newly launched projects at similar prices are located much further away, like King Crown Thủ Đức, Sentosa Nhà Bè, and Celesta Nhà Bè. Across the river in District 2, prices are already more than double for similar properties (e.g., River Thủ Thiêm).