Ho Chi Minh City has just approved the planning task to organize the selection of the zoning plan of 1/2000 ratio of Rach Chiec National Sport Complex with the research area of 212 hectares.
Total investment up to VND34,000 billion
The scope of this zoning plan is 212 hectares, including the exhibition area for export of Vietnam – the sport and physical training service area of about 5 hectares (at the existing golf course) and zone 1 training center, sports and physical training services area of about 26.12 ha) under the Saigon Sports City project.
Previously, the Ho Chi Minh City People’s Committee approved the position, limited the area of Rach Chiec Sports Complex with an area of about 180 hectares.
This complex is located in the center of East HCMC, at the intersection of Mai Chi Tho – Ha Noi Highway, one side adjacent to the highway to Ho Chi Minh City – Long Thanh – Dau Giay. The main items are training grounds, indoor football stadiums, volleyball, basketball, executive offices, athletes’ accommodation areas, collective canteens … The project has total investment capital to 34,000 billion.
Under the policy of planning since 1994, Rach Chiec National Sports Complex has a size of 466 hectares with Olympic standard sports facilities such as 50,000 seats football stadium and athletics competition, synthetic swimming pool; Park…
However, after more than 20 years of “paper-based planning,” the scale of the project has shrunk to just 180 hectares. Up to now, the project area is still a large marsh. The city is expected to complete ground clearance in the period 2017 – 2020 with the cost of nearly VND 7,000 billion and start the project in 2019.
In 10/2017, the People’s Committee of Ho Chi Minh City approved the list of land use projects for the project of bicycle racing platform and the motorbike raceway combined with outdoor football field and the project of Thai Son Sport Center Nam in Rach Chiec National Sports Complex. The cost of compensation, ground clearance, resettlement assistance for these sub-projects is about VND 1,090 billion.
In particular, the project of bicycle racing field and the motorbike racing field combined with an outdoor football field has an area of about 99,920 m2. The pedestrianized bicycle lanes will be located in the house, an outdoor racecourse incorporating an international standard stadium. Meanwhile, the Thai Son Nam sports center has an area of about 114,500 sqm. There will be a gymnasium, indoor soccer practice and other softball fields.
Rach Chiec Sports Complex: “kick” for real estate in the East
According to Realestatevietnam analysis, the eastern part of the city is now considered to have many advantages due to its complete infrastructure and good traffic connections. Meanwhile, the Rach Chiec Sports Complex is planned to be built in the heart of Saigon East, next to Thu Thiem New Urban Area, part of which is adjacent to Ho Chi Minh City – Long Thanh Expressway. – Dau Giay, a part of the border with Mai Chi Tho Street, Hanoi Highway.
According to the plan, in less than half a year, the project will go into construction, creating a new look for the East of HCMC. Clearly, this project does not only raise the value of projects within the radius of the surrounding area but also have a strong impact on the real estate market.
A real estate expert has said that the factors that make the property attractive, the value of real estate not only depend on the reputation of the owner, location, quality of construction, construction progress but also with. traffic connections and facilities, works around the project.
Through the fact finding, District 2 and part of District 9 are adjacent to the project, which is one of the most active in the East. Not only that, the price of apartments, land around the area tends to increase from 20 to 30%. Understanding the trend, a series of projects of investors are accelerating the construction progress.
A number of real estate businesses, both local and foreign, took advantage of the opportunity to “re-launch” the re-launch of Rach Chiec Sports Complex to further accelerate the pace of their project construction here. . For example, Lake View City project of Novaland investor located in front of Long Thanh – Dau Giay expressway with the scale of 3.6 hectares, is being rushed to launch the market in time.
Or, the Palm City project developed by South Rach Gia Company (Keppel Land – Tran Thai Joint Venture) adjacent to the Thu Thiem new urban area is also benefiting from the super project, pushing the value increase, attract more customers …
In addition to the two Lakeview City and Palm City projects mentioned above, another project that Realestatevietnam said will create a “strong” attraction and benefit from the Rach Chiec Sports Complex project in the coming time Saigon Sports City project in An Phu Ward, District 2.
Saigon Sports City project is invested by Keppel Land, located in front of Song Hanh street, near the intersection of Long Thanh – Dau Giay expressway. The project is located adjacent to the major urban areas in District 2 such as South Rach Chiec urban area, Sala urban area, Thu Thiem urban area and adjacent to the Rach Chiec Sports Complex. With the advantage of location, residents of Saigon Sports City project easily move to urban areas, amusement and administrative – economic center in District 2 and District 1. Location specific project Saigon Sports City as follows:
East: adjacent to Sai Gon – Binh An (Now renamed: Himlam – Binh An)
West: adjacent to the center of the physical training and sports (Zone B) and entertainment area (zone C) of the Rach Chiec sports complex.
North: border on Rach Chiec river.
To the south: It borders on Ho Chi Minh City – Long Thanh – Dau Giay Expressway.
With the advantage of location, the ability to link the area from Saigon Sports City project is very convenient:
About 5 minutes to the Palm City Urban Area, Lake View and Rach Chiec Sports Complex
About 7 minutes to Sala – Dai Quang Minh
About 10 minutes about Thu Thiem urban area.
About 15 minutes to District 1.
Certainly, with the infrastructure system is improving strongly, Rach Chiec Sports Complex will be a strong lever for the real estate market in the East in the coming time. Not only that, if Vietnam becomes the venue for SEA Games 31 and Rach Chiec Sports Complex, HCMC becomes the venue of the event, attracting thousands of domestic and foreign visitors to attend. It is expected that in the near future, the real estate market in the East will be very exciting and attractive to investors.
You are reading the article “Ho Chi Minh City chose the planning project of Rach Chiec Sports Complex” in the section “Real Estate” on the website: https://realestatevietnam.com.vn/.
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