Blog

The problem has been a long time no longer a big problem, but recently residents of apartments in District 7 are complaining that this situation is increasingly terrible.

District 7 was previously part of Nha Be District, which is adjacent to District 2, District 8 of Ho Chi Minh City and has not yet developed. Over the past ten years, the economy in general and apartment market in District 7, in particular, has begun to flourish. People come here to buy houses and do business, making the density of population in District 7 increase rapidly.

The misery of apartment dwellers in District 7: Traffic jam so bad that it can not move

Every morning, routes from District 7 to downtown Ho Chi Minh City are subject to blockage. The most common traffic jam period is from 7.30am to 8.30pm when people rush to work, children are busily going to school. And this scene will be again at 16:30 to 18:30. A normal two-kilometer journey takes about 15 minutes to travel, so far, people have to work half an hour to an hour and they can not escape the traffic matrix.

The most noticeable is Nguyen Huu Tho street from District 7 in District 4, morning, there is a situation of traffic jam and extremely serious traffic, while the afternoon from District 4 to District 7 is clear. extremely. The problem is explained by people buying apartments in District 7 to live but work in the city center. Every day they have to move to the company to work. And of course, it was time to clear in the afternoon, this road again congestion reverse.

You can read more information at Vietnam Real Estate Market

Mr.Nguyen Anh Tan, an office worker living in an apartment in District 7, said that the company is 7 km away from home, but every morning he also takes more than an hour to travel because of the many blocks. Learned many times over time, he tried to go earlier but because of traffic jam more and more serious so moving hard, the sun is hot, everyone’s mind like to explode.

The rise in apartment supply is a major cause

As of the end of Q2 / 2017, according to Savills Vietnam, the supply of apartments in Ho Chi Minh City has reached 42,500 units, of which District 7 occupies 21% of the city. In particular, the transactions in the segment of high-end apartments in District 7 are dominated by a series of projects under construction and offered for sale. Estimated on the Nguyen Huu Tho 2km long south of Saigon has up to 10,000 luxury apartments are preparing to welcome residents to live. As the number of apartments in District 7 has grown too fast, the density of population in the district has increased by ten times compared to 10 years ago.

Facing this situation, Saigon South has deployed a number of trillion projects to improve the traffic system and reduce congestion. The most noteworthy is the project to open a road connecting Districts 4, 7 and Nha Be with an investment of more than 9,400 billion VND with a 3.8 km stretch from Hoang Dieu Street passing Le Van Luong Street, the rest 7.5 km long from Nguyen Van Linh – Nguyen Huu Tho intersection to the intersection of Ba Chiem bridge. Thu Thiem 4 bridge with the investment capital of more than VND 5,200 billion, 2.1 meters long, has 6 lanes linking districts 2 and 1 district 7. There is also the project of Nguyen Khoai linking Nam Sai The city with VND1,250 billion investment capital is also preparing to start construction this year.

Currently, these trillion-dollar projects are expected to ease the suffering of apartment buyers in District 7 in particular and people living in Saigon in general. However, the pace of deployment, how effective it may have to be in the future.

You are reading the article “Excited To Buy The Apartment In District 7 But People Have Disappointed  Due To The Suffering Of Traffic Jam” in the section “Real Estate News” on the website: realestatevietnam.com.vn
All information sharing, feedback please email to info@realestatevietnam.com.vn, Hotline 0909 890 897 (24/7).
Thank you!