The second Phu My Hung of Ho Chi Minh City is being searched and this is an unending endeavor. Phu My Hung District 7 was once a mangrove swamp, now it becomes the most desirable urban area with modern facilities.
Is it that the East of Ho Chi Minh City – the construction of a large construction with the metro line is gradually showing the shape of the second Phu My Hung?
More than two decades ago, Phu My Hung was a forgotten mangrove swamp in the South of Ho Chi Minh City. However, with the investment of Central Tranding & Development (Taiwan), the swamp has completely transformed itself into a “most livable” urban area in Vietnam. Phu My Hung is a unique name from the past due to the scale and uniformity of a modern urban area in the context of urban sprawl and malaise.
However, after more than two decades, another version of Phu My Hung was established in the East with larger scale, more modern, more formal, and more like a financial district like East bustling and prosperous Shanghai. That is the new urban Thu Thiem.
Thu Thiem new urban area appeared – formidable opponent of Phu My Hung
The 657ha scale was planned in 2003, but perhaps five years later, Thu Thiem new urban area began to be mentioned after the Thu Thiem bridge was completed and officially opened.
“Princess Sleeping in the Forest” began to woke up three years later, when Mai Chi Tho Boulevard was completed and Thu Thiem Tunnel officially opened, along with the presence of a series of traffic projects.
Thu Thiem 1 bridge, Sai Gon 2 bridge, Ben Thanh – Suoi Tien metro line 1, Ho Chi Minh City – Long Thanh – Dau Giay expressway, highway expansion plan Ha Noi – Sai Gon bridge, Ring Road II from Binh Thai crossroad – Phu Huu bridge, My Thuy tunnel project, expansion plan of Dong Van Cong, Thu Thiem bridge projects 2, 3 and 4 … Thu Thiem new urban area is wearing a face with vitality.
A journey to find Phu My Hung of the East
Dai Quang Minh Sala City: 2013 marked the presence of the Dai Quang Minh Sala project on the East Real Estate map. Developed by Dai Quang Minh Real Estate Investment and Development JSC on 128ha with investment capital of US $ 2.2 billion, this is one of the hottest projects of a local brand that is not well known.
With the prime location of functional sub-zones 5 and 6 of Thu Thiem New Urban Area, at the intersection of two most important roads in Thu Thiem New Urban Area is Mai Chi Tho Boulevard and north-south axis road. Not to mention the advantage of ecological landscapes with 1 km of Sai Gon river and green vegetation, this project includes 234 villas, 395 houses combined commercial, about 5,600 luxury apartments.
A complex of high-end commercial services with the city’s largest marina, 5-star hotel, international hospital, commercial center, office building, convention center – wedding reception, and full range of Other facilities such as local and international schools, cultural houses, sports centers, amusement parks … This is considered a Among the prime locations in the East, attracted the interest of wealthy and successful investors.
In May 2016, this project started welcoming the first residents after 3 years of construction and also the first resident of Thu Thiem new urban area after nearly 20 years city.
Eco Smart City Project: Located in the functional subdivision 2A of Thu Thiem peninsula, Eco Smart City is another investment project with a total investment capital of 2.2 billion USD by a joint venture between three large corporations, Lotte (Korea), Mitsubishi and Toshiba (Japan) on an area of 10 hectares.
Possesses prime location in Thu Thiem, the North adjacent to Thu Thiem central square, the south adjacent Mai Chi Tho Avenue and Thu Thiem Empire City, on the east side of Thu Thiem central lake and the west side of the boulevard along the riverside and Saigon River, this complex includes a commercial center, modern hotel, serviced apartment area Amenities, offices, and high end apartment blocks with a 50-storey building.
The facilities include green park, flower garden, commercial center, 5-star Zacuzzi swimming pool, international class gym, 1km long running park, golf driving range, tennis court ,… In addition to the area of intelligent building complex, investors also complete four roads and technical infrastructure outside the complex in sync with the urban infrastructure.
Thu Thiem new market on land area of nearly 24,300 m2, including 4 main roads in this urban area.
Empire City Apartments Project: Another big scale project is expected to change the appearance of the East is Empire City in the core core area 2 in the Thu Thiem urban area. With a capital investment of $ 1.2 billion by the Empire City Joint Venture Company (a joint venture established by Tien Phuoc, Tran Thai and a foreign partner named Denver Power Ltd, a UK based company. Gaw Capital Partners is a 50/50 joint venture with Gaw Capital Partners.) Empire includes a high-grade commercial center, five-star hotel, office, serviced apartment and serviced apartment, underground parking … international standard with the highlight is the 86-storey multifunctional building with unique architectural style.
Located in a prime location in the heart of Thu Thiem New Urban Area, along the Saigon River, District 2, Empire City easily connects to Ben Thanh Market, District 1 and other areas and the important function of Ho Chi Minh City.
It can be seen, the prominent advantages of Empire City is reflected in the harmony between the green space on the banks of the Saigon River with facilities such as park green, walking square with shop system After the completion, Empire City promises to become a tourist attraction inside and outside the country and is an ideal place for the rich people in the city.
Dai Quang Minh Sala, Eco Smart City or Empire City will be honored Phu My Hung of the East. That’s still an ellipsis. However, it can not be denied that district 2 is a potential land that will make many miracles in the future. In particular, this is the fertile land that domestic and foreign investors deserve.
Read more information available at: Vietnam Real Estate