Ho Chi Minh City Calls For Investment In Renovating 500 Downgraded Apartment

At the recent conference on investment promotion in HCM City, representative of Planning Information Center, Department of Planning and Architecture of Ho Chi Minh City said that HCM City has about 500 condominiums need to be renovated.

Therefore, the city’s government is developing incentive policies, calling for investors to dismantle old buildings and build new apartments.

This is an opportunity for investors who want to participate in the real estate sector of the city.

In order to support enterprises, HCM City held many dialogues between the government and enterprises, continuously reformed administrative procedures, simplifying and publicizing the procedures for foreign investors and renovated infrastructure.

In order to speed up the construction of new apartment buildings in the area, the People’s Committee of Ho Chi Minh City has just authorized the decision, assigning the District People’s Committee to carry out procedures to renovate, repair, build new apartment

Representatives of the Department of Planning and Architecture said that the orientation of urban space development of Ho Chi Minh City until 2020 and after 2025 is focused on combining with multipolar investment. Accordingly, the old inner city will be a multipolar and multi-purpose center in four directions. Two main directions are the East and South facing the sea, two directions are the North-West and the West-South. …

In addition, you can refer to the list of apartments for sale in Ho Chi Minh City, here: Selling apartment in Ho Chi Minh City

With modern traffic, the city has built eight metro lines, three tramway lines and a monorail with a total length of nearly 220 km. New urban areas, industrial zones, and residential areas will focus on developing high-tech zones (District 9), Thu Thiem New Urban Area (District 2), Saigon South New Urban Area Nam Thanh Da urban area, Northwest urban area; Hiep Phuoc Port Urban Area …

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