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In Ho Chi Minh City, the South is considered as a bright spot in the synchronous and rapid urban development compared to other areas. However, with the rapid population density, the infrastructure in the South is increasingly overloaded. The concentration of resources, investment, and improvement of transport infrastructure in the South is an indispensable trend.
To deal with traffic hot spots in this area, in the beginning of 2018, the South will invest in the construction of many key roads linking to the city center: Underpass system, overpass at Nguyen intersection Van Linh-Nguyen Huu Tho in March 2018 will start with capital of VND2,600 billion; Nguyen Khoai bridge project from District 4 through District 7, Phuoc Khanh bridge connecting Saigon South with Nhon Trach (Dong Nai); the project of Nguyen Tat Thanh street, district 4; The North-South backbone connecting the CBD with districts 4, 7 and Nha Be has a total budget of over VND6,744 billion.
Thu Thiem 4 road project with a total investment of VND5,200 billion, linking from Nguyen Van Linh (South and District 7) to Thu Thiem new urban area (East and District 2) is expected to be completed in 2019.
There are also a series of key projects with a total investment capital of nearly $ 5 billion, connecting the South with the city center as the metro line 4, connecting District 7, Nha Be with central districts. The estimated investment cost is VND97 trillion.
Non-stop there, Saigon South also has projects to build Nguyen Khoai bridge from District 4 through District 7, Phuoc Khanh bridge connecting Saigon South with Nhon Trach (Dong Nai). Prominent is the project of planning the axis of Phu Thuan road, connecting from the Mũi Đỏ Đỏ area directly into the Phu My Hung urban area. Phu Thuan road will be an important artery, creating a driving force for this area in 2017.
In addition, the Ben Luc – Ho Chi Minh City-Long Thanh Expressway is underway, expected to boost the overall growth of the southern key economic region.
Many businesses “sprung up” last season
To meet the needs of the infrastructure of the South, Nguyen Duc Luc, Chairman of Hung Phat Real Estate Company, said in early 2018 to sell the project The Green Star (Pham Road) Huu Lau, Phu My Hung, District 7). The project includes 100 villas, townhouses, and 1,000 commercial apartments. The entire project is built on closed compound standards with approximately 7,000 sqm of parkland and 4,000 sqm of landscaped lakes.
According to Luc, although not officially opened, 100 villas, townhouses have been ordered by customers. Because this is the rare street product in Phu My Hung area offered for sale at the present time. Construction of the Green Star project with a large park density, surrounded by greenery, in order to bring a fresh living space as a thankful word of Hung Loc Phat to customers who have trusted in companion in the past time
Similarly, the Green Riverside Project is also considered as one of the projects inherited infrastructure facilities, convenient transportation. The project is located in the main residential area connected with Huynh Tan Phat road linking with Phu My Hung center through 15B-Nguyen Luong Bang extension road and Phu Xuan 2 bridge has planned to invest. In addition, the construction of the dike tunnel of the Trung Nam Group will be constructed, which will connect the transportation network in the area and end the rising tide in the inner city. Huynh Tan Phat road will be upgraded to the drainage system and raise the road surface in 2018.
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Thanks to the building of good infrastructure link and right in the heart of the center of the urban South City that Saigon Intela attracts customers in the end of 2017. This demonstrates that the apartment is located good, complete infrastructure, good area connections, full facilities, attractive and careful investment will always attract customers and investors.
A large real estate business is also planning to open about 4,000 luxury apartments in the area of Dao Tri (District 7). This is a busy area, attracting many investors by owning the Nha Be River frontage. In the near future, when Dao Tri street is completed, the value of real estate in this area will increase rapidly.
Dr. Dinh The Hien said that the situation of land scarcity in HCM City is real and will take place in the next few years. It is very difficult for businesses to have clean land within a 10 km radius of Notre Dame Cathedral (center of District 1) because investors are entangled in compensation. “Therefore, the price of real estate products in the coming time will be high, because the enterprise compensation for land clearance as the price increases, the journey from the land to the project developers incur a lot of costs. The price has gone up a lot and businesses have to face the cost of land, ” Hien emphasized.
You are reading the article “A Series Of Infrastructure Breakthrough In Saigon South” in the section “Real Estate News” on the website: https://realestatevietnam.com.vn/
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