Opportunities To Invest Real Estate In The North West Of Ho Chi Minh City

According to many investors, besides the South and the East, the market in the North West of HCMC is more attractive in part because they clearly see the urban development orientation in the future.

Increasing population, urban issues such as traffic jams, waterlogging are increasingly threatening the human environment. So the general trend of home buyers is the desire to find a place in the suburbs of the city spacious, cool but still convenient to move to the center to study and work.

Understanding that demand, many real estate businesses in HCM City seems to have begun to relocate investment sites new projects and select the Northwest or adjacent areas to invest.

Over the next five years, it will accelerate the call for large financial institutions around the world to invest in Metro 2, No. 5; a bus system connected to the city center and surrounding areas; The expressway connects this area with Long An, Tien Giang and some provinces border with Cambodia.

The 10th Party Congress of Ho Chi Minh City also highlighted the problems to develop the North West.

According to Mr. Le Thanh Tung, General Director of Incomreal, all people living and working in the North West of the city are eagerly waiting for the great changes that these urban railways bring. With the real estate industry, the game will see more spectacular changes.

Huynh Xuan Thu, Director of the HCM City Planning and Information Center, said. “The city will spend over 10,000 hectares of land to develop more residential areas, urban areas and commercial centers from now to 2020. In particular, the city is also calculating the increase in land use coefficients The metro station is about 400m away from the metro station to invest in these residential areas, which will be a great opportunity for real estate businesses because of the high demand for housing in this area. “

Another option that HCMC Department of Construction is also considering and will propose to the City People’s Committee is to the land area of 200-300ha has been cleared near the station along the metro to create the land fund, They then called for investment in the development of social housing.

In addition, Quang Trung Software Park is an IT industrial park in Tan Chanh Hiep Ward, District 12, Ho Chi Minh City. Ho Chi Minh City, about 15 km from the city center. Officially put into operation in 2001, over 10 years of operation, Quang Trung Software Park has become the largest IT center in Vietnam.

One of the driving forces behind the warming of the housing market is the expectation of the attraction of the metro line 2.

With modern infrastructure and competitive costs, Quang Trung Software Park provides a perfect working environment with the goal of more than 17,000 people in 2015. This opened up the demand for real estate and commercial exploitation in the North West of Ho Chi Minh City.

Mr. Nguyen Nam Hien, General Director of Hung Thinh Land Company, commented: “A new signal shows that real estate companies are now more farsighted, no longer clustered in a certain segment. As evidence of this, many businesses in Ho Chi Minh City are having new opportunities to grasp the big market in this area.

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