SOUTH KOREA'S STANDARD OF LIVING “DOCKS” IN PORT CITY

South Korea is the country that invests the most in terms of the number of projects and the amount of capital invested in Hai Phong, Vietnam's oldest port city. This wave of investment not only contributes to a prosperous life for its people, but also brings a wave of innovation - a standard Korean lifestyle: modern and full of identity.‍

Harmonizing life under the pressure of urbanization

‍Major cities around the world have to solve the same problem: how to harmonize interests, solve environmental problems as well as quality of life in the context of growing urbanization. As one of the busiest developed cities in the country, the population size is the 7th in the country, the population density of Hai Phong is more than 1,330 people/1km2, Only after Ho Chi Minh City, Hanoi and two adjacent provinces (Hung Yen, Bac Ninh), Hai Phong is gradually facing the problems of urbanization. Therefore, the experience of the great cities of the world is being learned and innovated endlessly by the port city.Paris has developed the city according to the 15-minute model. This means that everything needed for the needs of living, studying, working, leisure, recreation... will be accessible within 15 minutes. Areas for transportation will be limited again to minimize smog and devote more space to greenery, building safe, highly connected living spaces for residents.

New York stands out again for the High Line, which forms a green corridor lined with trees on the western side of Manhattan. It is a place for residents to stroll, sightseeing and community activities, and art exhibitions that increase the interaction of city dwellers. A pride of Korea is Bundang, the most populous district in Seongnam City. Areum Village in Bundang, which is located next to highways, has previously been tormented by noise and smoke. After the implementation of the Cover Park initiative - a form of a park that covers the highway, significantly filters smoke and noise, returns the residents green, clean air and a harmonious lifestyle with nature, real estate prices in Areum have increased significantly. A house of 83 square meters can increase in price by half in just over a year. After Paris, New York, many cities in the world have changed according to this model, such as Milan and Barcelona. The relocation of large cities not only improves the quality of life of residents, but also increases the value of real estate.

‍Internationalization of living spaces

‍The economic development brought about by an upgrade in lifestyle has also taken place in Hai Phong, a dynamic port city of Vietnam in the past. As the leading foreign direct investment (FDI) port city in the country, along with its geographical position, Hai Phong has developed strong industrial and seaports sectors. In the first nine months of 2023, Hai Phong became the country's leader in total FDI investment. In particular, to date, South Korea is the largest investment group in both the number of projects and the amount of capital invested. South Korea has invested up to 120 projects in Hai Phong industrial parks, such as LG, Heesung, Bluecom, DongYang, Haengsung.

In 2022, the total export turnover through the port gate of Hai Phong to the Korean market reached 12.3 billion USD, the total import turnover through the port gate of Hai Phong from the South Korean market reached 7.8 billion USD. The economic acceleration of Hai Phong led to the immigration of foreign professionals with higher requirements for the quality of living space. Utility elements in the 15-minute model like Paris or sustainable green like New York are what they need and want to enjoy. Port City has a unique culture and is in need of more residential areas designed according to new trends in the world that meet the needs of residents as well as professionals. One of the outstanding projects that meet those criteria in Hai Phong is Gem Park, which is owned by the real estate developer N.H.O from Korea. With a design that breathes the breath of kimchi country, Gem Park is an isolated, modern residential complex with all the necessary amenities but serene tranquility. The project has 4 apartment blocks with 2 21-storey buildings and 2 36-storey buildings, along with an inner green valley with an area of about 1 ha creating a common community space, helping to connect the residential communities in the blocks. N.H.O has conducted many years of market research before making the decision to construct Gem Park in Hai Phong, towards a standard Korean lifestyle: modern and full of identity. Gem Park carefully studies the needs of a typical young family of spouses, young children, individuals living independently, and also three-generation families with different habits and hours to ensure residents have access to amenities in just 15 minutes.

Just as modern project complexes are occupying the new center of major cities such as Vinhomes, Masteri, Sala, etc., in Ho Chi Minh City, Hanoi, international standard residential areas such as Gem Park promise to be a bright jewel in the Hai Phong real estate market, contributing to making this city an international destination in the eyes of investors.

Any details please contact:

- Hotline: 079.60.88,666

- Owner: N.H.O. National Home Organization Company

- Consultancy & Sales Management: Weland

- Fanpage of the project: www.facebook.com/NHO.GemPark