Lakeside cities are always in the spotlight in the high-end segment of the property industry worldwide because of their significant advantages such as durable ownership, potential or rapid growth and high return on investment. — VNS Photo

Lakeside

Lakeside city: It's not just about living healthy!

The idea of "Bringing nature back into cities" came into being and improved over time in many developed countries. According to experts, urban green space and urban lakeside locations are always recognized as the most valuable properties due to certain reasons: their unique landscape the economic value-addition and the positive impact on people's health.

The economist Vadim Saraev said in his research "Economic benefits of green space" (2012): Developing and improving green spaces in key locations within urban and semi-urban areas is argued to have significant benefits, which are reflected in increasing property and land values. Investment in green space can lead to a rise in demand for homes and higher returns for the property sector.

Lakeview City - Spotlight on HCM City's Eastern Region

As a modern and luxury lakeside city model in Viet Nam, Lakeview City developed by Novaland Group has created a sensation in the market and truly impressed both customers and investors with its unique concept and structure. Located on an area of 30ha in a central part of HCM City's eastern region, Lakeview City contains only 960 real estate products including townhouses, semi-detached villas and shop-houses.

Earmarking over 60 per cent of the total area for public construction, green spaces and a lake, Novaland aims to achieve sustainable development and ensure the community and society benefit. For that purpose, the developer invested VND200 billion to build a 3.6ha landscape lake. It will not only increase the beauty of the whole area but also play an important role in making the climate equable and reducing pollution.

Do Tan Long, head of the city Steering Centre of the Urban Flood Control Programme's Drainage System Management Division, said: "This is the first project in HCM City with a lake, which helps increase the beauty of the urban area and regulate groundwater levels. I hope this model will be applied to other urban areas in the near future."— VNS