HCMC real estate market in the development stage
While the real estate market is more focused on the downtown area and East Saigon. In many districts in the vicinity of Sai Gon, many projects have started. To welcome the wave towards life closer to the nature of many urban residents today. The most suitable and most advantageous is to take advantage of the modern and well-developed transportation infrastructure.
HCMC real estate market is in the final stage of the development cycle. By 2015, CBRE has 41,000 new products entering the market. And more than 36,000 of them were sold successfully, doubling the previous year. The recent financial international financial Times, greatly appreciated the potential development of real estate in HCMC. And that the present time is the best fit so people can own a dream villa.
District 12: Potential value not unearthed
In the overall market, the affordable housing segment worth under VND1 billion is one of the key “pillars” for the market to develop sustainably. Because it fits the finances of most people, especially young workers and couples.
Therefore, the need to buy houses and land in the coastal districts of the city has begun to heat up from previous years. Including District 12, is a district in the North City. The highlight of this locality is the last stop of the metro line (Metro No. 2) connecting to Ben Thanh (District 1).
Only impact of the Metro No. 2, according to CBRE Vietnam. Real estate prices around this project will increase by at least 10%, even higher than in places where good location. But not only Metro, District 12’s infrastructure in recent years has made much progress. When the district People’s Committee has spent hundreds of billions to invest, upgrade the main roads. Combined with National Highway 1A, it will help residents easily connect with the central district of the city or neighboring provinces.
In the real situation of the land fund in the central area, the same number of districts familiar as increasingly narrow. The strategic location of District 12 has begun to attract many investors.
According to the project development planning of HCM City 2030 was approved by the Prime Minister. The city will focus on investing in the north. Including District 12, Hoc Mon and Cu Chi with an expected area of up to 10,000 ha.
This opens up new opportunities for many projects on commercial buildings, services, industrial zones, housing, etc. It will create a harmonious society that will attract thousands more residents about doing business and living.
At present, there are some investors launching large scale projects in District 12. To take advantage of the best opportunities such as the project of residential area of Sai Gon Gia Dinh. The project of the 7th Military Region’s armed forces is invested by Tay Nam Company. And received the most attention was the Hiep Thanh City residential area.
Need reputable and potential investors to create successful projects
Many experts have perceived the real estate market in the north of HCMC will be hotter this year. Thanks to the bravery of many investors, along with the inherent potential of this area.
But in the current market context, there is a huge competition between regions. Only the unique design projects, bring true value of life, the owners of the new prestige that can bring success.
The most typical of the area is the Hiep Thanh City project. The project is highly valued by customers since the sale. The project covers an area of 12.55 ha, owned by Licogi 16 Construction and Trading Limited Company.
He has experienced nearly 20 years of real estate development in Ho Chi Minh City. The investor took care of the project thoroughly from design to construction in the field.
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The main purpose is to create a beautiful product that has the highest quality. This is one of the projects that is expected to be successful in District 12. It can serve a wide variety of residential needs ranging from affordable to high-end with competitive rates.
Besides Hiep Thanh City, some new projects will be launched next year. With strategic planning and synchronization, these projects will contribute to the creation of new communities and change the face of District 12 in general. As a result, the value of real estate in this area will continue to increase.
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