Investing in “terrible” upgrading infrastructure, clean land fund, reasonable price and the presence of projects suitable to the market are making the East become the hot spot of real estate investors in Ho Chi Minh City, creating The “wave” deals in most segments.
Breakthrough in infrastructure
Infrastructure investment in the past few years has almost changed the appearance of real estate in the East of Ho Chi Minh City.
Only in a short time, East Saigon is an area to be reminded many on the map of the city with the key traffic works, arterial routes have been used.
According to statistics, in the 2012-2020 period, the East of HCM City has 11 large and small infrastructure projects, the total cost of implementation is up to nearly 250,000 billion, of which “terrible” especially the belt ring 2, 3, 4 and Ben Thanh – Suoi Tien metro line.
In particular, the metro line is considered to be an important factor that can change the real estate market. Typical of the Tan Cang. With the metro line running through, the infrastructure will be upgraded to modern and become one of the most desirable areas of Saigon.
Not only Tan Cang, thanks to this infrastructure, real estate projects in districts 2, 9, Thu Duc and Thu Thiem urban areas have been racing to announce, build and sell.
According to preliminary statistics from the BeeGreen Market Research Company, the premium segment in the period 2015-2017, there will be about 30,000 apartments launched in the Eastern market.
Marc Townsend, General Director of CBRE, said that in comparison with the South area, there is still a lot of opportunities for the East to develop because of the clean land and reasonable price…
“With a clean land fund, investors will not have to spend too much time and money to clear land and build projects. This is the reason many foreign investors are also looking to come here to work with local businesses, “said Marc.
Buyers are confident
Along with the completion of infrastructure, the general heat of the real estate market in Ho Chi Minh City contributed to the force that made the East quickly become the “star” in the market – the position that before the South always dominate.
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In particular, in the near future, projects that are within a few minutes’ walk of the metro station may increase by 10% – 20% compared to other projects. This is why real estate projects in this area attract buyers.
Le Hoang Chau, Chairman of the HCM City Real Estate Association (HoREA) said: “At this point, customers are no longer psychologically waiting for prices to fall to buy houses. Most have understood the rules of the property market and are more active in finding projects that are affordable enough to buy.
“At present, the East area of the city is bustling in most of the segments by this area and clean land fund and prices are suitable for many customers. Especially, the infrastructure here is being invested the second most powerful city directly affecting the market, “Chau said.
The last months of 2016 will be the breakthrough time of the real estate market with the continuous increase in supply and in fact, buyers have been more aggressive in “down the money” to buy apartments, especially the popular projects, medium Sales level is quite good.
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