No Comments

HCMC: The Satellite City Thrives

satellite towns thrive

In the face of a sharp increase in the population of Ho Chi Minh City, the population density has had a negative impact on the transport infrastructure, and residents have become overcrowded in downtown districts.

To overcome this situation, the city has developed a plan for the development of the transport system up to 2020, with a vision to 2025, which will build and expand the connecting roads from neighboring provinces to the city.

Development of infrastructure

Extension policy is also included in the city’s priority tasks in the content of development orientation from 2015 to 2020 at the Congress Representative Party of the Tenth City. With the main goal is for people in the coastal districts and tighten up the new household registration for the downtown district.

Thanks to this policy of the city, the number of transport infrastructure connecting the coastal area was expanded and newly built. For example, in the northwestern part of HCM City, before 2015, traffic infrastructure is considered to be the worst. But when Cong Hoa, Truong Chinh, Nguyen Van Linh Street connects the south to the west and the provincial road 22 connecting the western districts to the districts of Binh Chanh, Hoc Mon, Cu Chi, Tay Ninh Province, the market is motionless.

satellite towns thrive
Vo Van Kiet Boulevard – a gateway connecting the western provinces to Ho Chi Minh City via Ho Chi Minh City – Trung Luong expressway.

Especially, HCM City has developed the Ben Thanh-Tham Luong Metro Line 2 project and a high elevated connection system to Tan Son Nhat Airport as well as Ho Chi Minh City. Therefore, the market is heating up day by day.

In fact, the West has many prospects, as the gateway between Ho Chi Minh City to the southwestern provinces. Up to now, most of the domestic and foreign infrastructure works have been completed, such as Vo Van Kiet Boulevard linking the western districts to the East of the city, or Kinh Duong Vuong Street has completed the upgrade project. In terms of inter-regional connectivity, Ho Chi Minh City-Trung Luong expressway also significantly shortens the travel time between Ho Chi Minh City and the Mekong Delta provinces.

In the future, modern transportation solutions will make the circulation of people living in the western districts with other areas in Ho Chi Minh City easier. Specifically, BRT bus number 1 is in the process of completing procedures for construction, timely put into operation in 2018 as scheduled. In addition, the Metro No. 3a (linking from Ben Thanh station to Tan Kien station) has also been registered by the People’s Committee of Ho Chi Minh City in the list of ODA projects funded by the Government of Japan for the 2016-2018 period. Besides, the underpass and overpass system was also built like Le Trong Tan overpass, National Highway 1A, Truong Chinh tunnel to national highway 22, …

The real estate market is heating up

Under this policy, the real estate market in the coastal area also grows sharply, the land project is the project owner from electricity, roads, schools, stations when the announcement of the sale has attracted hundreds of people purchasing.

Recently, there have been many moves showing that the satellite urban area of North West – Cu Chi has begun to attract investors when the land fund in the center of Ho Chi Minh City as well as the urban districts began to exhaust. In addition, the value of real estate in this area has been pushed up quite high and formed a new tariff, profitability as well as shortened day liquidity.

satellite towns thrive
Metro 2 of Tham Luong – Ben Thanh will be put into operation as a highlight to connect Duc Hoa – Ho Chi Minh City more quickly.

Defined in the construction plan to support the dehumidification in urban districts, Cu Chi – the land is moving with the planning: New City has an area of about 15,000ha; The Saigon River Boulevard will take advantage of the riverbank, which is 63km long, with an estimated speed of 100km / h, which will connect with National Highway 22 and Binh Duong’s roads help the land area increase for a long time.

Another advantage of Duc Hoa district is that besides the convenience of distance to many provinces, the connection with facilities in the area is very convenient such as contiguous trading area of Duc Hoa Township; it takes 20 minutes to drive to Tan Tao International University; the front of the project is connected with two main roads: Provincial Highway 9 and Provincial Road 10, which is crowded with many centers. It is also a long-running arterial road that connects many key roads, including the Trung Luong highway.

Highlights of the North West market

You just spent 5 minutes to move to the bus station of Duc Hoa town. It is very easy to move to the system of hospitals, schools in the area such as Duc Hoa town general hospital, 10 minutes to Tan Tao hospital, 5 minutes to go to Vo Van Tan secondary and high school. With many advantages, the North West is considered the center of connectivity. This is also the reason that Tran Anh Group pioneered the implementation of real estate projects in Duc Hoa – Long An area.

City and townhouse projects have been implemented such as My Hanh Residential Area, My An, My Khang, My Thinh, My Vuong, Bao Ngoc Residence, Bella Vista urban area, Vista Land, Tran City Riverside, combined with the old health center, Tran Anh Riverside, … All of these projects are invested by Tran Anh in infrastructure, electricity, roads, schools, stations and amusement parks, parks, … for people to enjoy the best benefits before handing over to customers.

satellite towns thrive
Tran Anh Group first implemented the first closed villa project in Duc Hoa – Long An, Bella villa project with 422 villas with the investment capital of VND450 billion

Tran Anh Group firstly deployed the first closed villa project in Duc Hoa – Long An, Bella villa project with 422 villas with investment capital of $ 19796317. The investor spends 3,1ha of land to build a clubhouse with 17 amenities such as swimming pool, restaurant, GYM gym, outdoor BBQ …

“We believe that with the mind of the professionals and the prestige of the business, Tran Anh Group products not only bring added value but most importantly bring trust to customers when companion with Tran Anh Group “Tran Duc Vinh, Chairman Tran Anh Group shared.

Currently, the government is promulgating incentives for investors to develop satellite urban areas or urban areas located in the major traffic axes that are already completed. Convenient transportation will “pull” people out and the price of satellite towns is still attractive to investors, even middle-income earners are still likely to own.

You are reading the article HCMC: The Satellite City Thrives in the Real Estate category at https://realestatevietnam.com.vn/.
Any information sharing, feedback please email to info@realestatevietnam.com.vn, Hotline 0909890897 (24/7).
Special thanks!

HCMC: The Satellite City Thrives
Review

Comments (0)