District 4 is currently many “big” in the village of real estate such as Novaland, Vingroup, TTC Land … chosen as the place to develop housing projects.
Thanks to urban upgrading policies, the appearance of District 4 has changed dramatically. A series of roads, bridges have been renovated or newly built such as Khanh Hoi, Lanh, Calmette, Nguyen Van Cu, Ben Van Don street … connecting District 4 with the center and the district South city. Because of this, District 4 has been chosen as a place to develop housing projects in the real estate market such as Novaland, Vingroup, TTC Land.
Traffic infrastructure is constantly being expanded
As one of the districts are upgraded urban development, District 4 has been invested to improve transport infrastructure development. A number of projects under construction such as Ton That Thuyet, Ton Dan and Nguyen Tat Thanh routes not only reduce the traffic jam, flood in the rainy season but also help connect with neighboring districts such as District 7 , District 2, District 1 and District 3 are easy. Thu Thiem 3, Thu Thiem 4, Nguyen Khoai … are key projects of the city will decide to change the appearance of the city in the next 3-4 years.
Mr. Tran Hoang Quan, Chairman of People’s Committee of District 4, said: On the project of widening Nguyen Tat Thanh road with the road width of 37-46m, it has cleared about 80% of the ground and will hand over clean ground to the local authorities in 2018. When the Nguyen Tat Thanh route is expanded, this will be the most beautiful riverside route in Ho Chi Minh City, helping to connect the city center to the southern districts and the southwestern provinces. .
Unlike other central districts, District 4 is located as a unique triangle island with 3 sides bordering the river. The Ben Nghe Canal in the Northwest looks at District 1, the Southern Channel is bordered by District 7 and the Northeast is Saigon River, overlooking Thu Thiem New Urban Area – District 2. According to feng shui, convergence of three tributaries, especially in the real estate.
With such favorable location, the investment projects have good consumption ratio such as: Lancaster Lincoln, RiverGate Residence, Grand Riverside, Riva Park, The Tresor, Icon 56 Tower … The number of customers inquiring about District 4 is quite high, but customers can only buy from the owner because of the resale from the owner has long ceased. The current price has also increased from 40 to 50% compared with the first open sale, the transaction price from VND50 to 90 million / sqm depending on the project and location.
District 4 is increasingly scarce project
Land funds can not expand, while demand is increasing. In addition to the stable, the residents when buying central district, 60% of the demand for rental and investment. Especially when Vietnam has joined the TTP – Transpacific Trade Agreement (now the CPTPP), the wave of labor movement and services from the member countries in the Agreement to Vietnam is very large.
According to Stephen Wyatt, General Director of Jones Lang LaSalle Vietnam Ltd, the real estate market in Vietnam will benefit greatly, especially in the industrial real estate, warehouses and warehouses. In addition, the demand for office space for rent, housing and retail space will also become more vibrant as demand from domestic and foreign companies is established in the start-up wave of the Government.
At the same time, the price for renting apartments for foreigners, engineers, businessmen … in the newly completed apartments in District 4 is about VND23-30 million per month.
This fact has changed the sales strategy of many real estate companies. Instead of just focusing on the group of customers who need to stay, in the basket of goods businesses have built policies for investment buyers.
Accordingly, real estate investment firms usually offer a wholesale discount of 5-10% depending on the amount purchased, the total value of the contract and the form of payment.
In addition to positioning, purchasing policies to optimize cash flow, investors often consider the project phase when the money down. According to investor Nguyen Nhi said: “Buy from the early stage, when the investor has not opened the sale, the lowest price and better policy. At present, she is looking for a central district project, especially in District 4, but for one year there is almost no new product. “
Currently, most of the projects surrounding the river in District 4 have been completed and handed over. However, more than 1,300 high-end Charmington apartments developed by TTC Land will soon be introduced to the market. The project has many advantages when only 5 minutes to Financial Street District 1, surrounded by 3 sides by the river, the front of Ton That Thuyet street widen the road and adjacent to Ho Khanh Hoi park is under construction 17 , 6ha.
The project is built on a total area of nearly 17,000sqm, including two 34-storey towers and a basement with a construction density of only 33%, the remaining investors develop 30 utilities serving residents such as parks indoor area 2.700sqm, garden hanging 1.300sqm, swimming pool 540sqm …
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