Hcmc allow the construction of a series of housing projects in the east region

HCMC People’s Committee has just approved the policy of investing some housing projects in the city area, mainly projects in the East Saigon area.

In particular, Tan Da – Ham Tu commercial office complex at Ward 10, District 5 is developed by Hung Anh Nam Real Estate Investment One Member Limited Company.

The component projects No. 1, No.2, No.3, No.4, No.5, No. 6 and No. 7 belong to the project of low-rise building (Zone III), southern residential area of Mai Chi Tho street in Thu Thiem new urban area, An Loi Dong ward, district 2 developed by Dai Quang Minh Real Estate Investment Corporation.

Thu Thiem low-rise apartment building at the East of Tang Long urban area, Truong Thanh ward, District 9 invested by Thu Thiem Housing Development Company.

The project of high-rise apartment complex combining with commercial office services of Saigon river residential complex – phase 3 at 92 Nguyen Huu Canh street, ward 22, Binh Thanh district; Z1 high-rise apartment building combining commercial services at Z1, Thanh My Loi Ward, District 2; Residential project in Lot M7, Zone A-new urban area in the south of the city in Tan Phu Ward, District 7 developed by Phu Hung Thai Development Corporation.

In addition, the city also consented for Hush Creative Co., Ltd to be the investor of the Lancaster Eden villa project at Lot E6 of An Phu – An Khanh Urban Area, An Phu Ward, District 2; Sai Gon Trade Center and Apartment Company to invest in High-rise Apartment and Office Building Project at 11D Thi Sach Street, Ben Nghe Ward, District 1.

In a report on real estate market in Ho Chi Minh City, CBRE expects that by 2017 supply of apartment in District 2 and District 9 will increase by 58% and 200%, respectively.

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