Binh Hung Hoa’s Land Price Is Nearly VND100 Million / sqm

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Leading off the front is the Black Canal in Binh Hung Hoa A Ward, Binh Tan District, HCM City, trading at VND96.97 million per sqm.

Gachvang Co., Ltd has just announced the price of land roads around the area of Binh Hung Hoa cemetery. Leading off the front is the Black Canal in Binh Hung Hoa A ward, Binh Tan district, trading at VND96.97 million / sqm. This figure is 2.5 times higher than at the beginning of 2017.

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Second place is Go Dau street, Tan Quy Ward, Tan Phu district, connecting with Binh Long. Trading volume is now at VND91 million per sqm, up 42% y / y.

The third position belongs to Duong Van Duong Street (Tan Phu District), which is parallel with Binh Long Road, running along the length of Binh Hung Hoa. This area is VND82 million /sqm, up 49% over January -2017. Next is the front of Do Thua Luong (VND70.5 million/sqm) and Tan Ky Tan Quy (VND70.31 million /sqm). Contiguous or cemetery routes such as Tan Huong, Chien Luoc, Binh Long and Bao Thang Tan Thang also increased sharply, fluctuating VND53-69 million/sqm

According to Gachvang, land prices in Binh Tan and Tan Phu Districts, including the Binh Hung Hoa Cemetery escalated due to the impact of land fever spread throughout the city. In the coming time, if the relocation project of Binh Hung Hoa is implemented properly, land prices will continue to increase.

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The Binh Hung Hoa Cemetery will improve the living conditions of more than 300,000 people in Binh Hung Hoa, Binh Hung Hoa A, Binh Tan District, Tan Ky Ward, Phu Tho Hoa Ward (Tan Phu District). ). The total land area for the project is 44 hectares, the budget for implementation is nearly VND2,500 billion. It is expected that the city will auction 18 hectares of residential, complex and commercial land at a starting price of VND15 million/sqm to offset the advanced funding and implement the next stage.

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