The hottest area in HCMC market

HCMC real estate market in the South was noted

Mr. Le Hoang Chau – President of HCMC Real Estate Association said. Until now, people talked about the breakthrough of the infrastructure of East Saigon.

However, from 2018, the South will also become the focus of attention. By a series of changes in infrastructure, urban embellishment, …

Infrastructure and transportation system will be deployed strongly this year in the South. Give the area a whole new look

An explanation report of the HCM City Department of Transportation recently said. Traffic nodes in the South will be removed in 2018-2019.

Thu Thiem bridge 4 connecting District 4 with District 2, Kenh Te Bridge 2, overpass Nguyen Van Linh – Nguyen Huu Tho intersection. These are key projects to be implemented in the coming time.

In addition, there are many other large projects are deployed with a total investment of over $ 5 billion. Make the area easier to connect with the city center. Highlights are metro line 4, connecting District 7, Ninh Binh with central area. With total investment up to VND97,000 billion.

The tunnel system and overpass at Nguyen Van Linh – Nguyen Huu Tho intersection with total investment capital of VND2,600 billion will also be invested in 2018.

Most especially, the HCM City People’s Committee recently assigned the relevant units to study and report to the project. To upgrade and expand Nguyen Tat Thanh road from 2 lanes to 4 lanes this year. This is an important road to the development of the South, connecting District 1 with Phu My Hung urban area.

The South has developed and emerged vigorously

In addition to investment in infrastructure, Ho Chi Minh City has also relocated some houses in the inner city such as Nha Rong – Khanh Hoi (district 4), fruit and vegetable port of Ho Chi Minh City (District 7). To set aside land for urban development plans. At the same time, it will expand the roads around these terminals to connect and put new ports in the South.

According to CBRE Vietnam, after 5 years of development with very fast speed. By this time, the South had crossed the East in terms of total housing supply. And forecasts will continue to lead the market for many years to come.

Specifically, in 2017, according to market statistics, the southern area receives 52 additional projects with the scale of 27,000 apartments, townhouses and villas. This accounted for more than half (54%) of total supply to the market.

With the results, after 4 years, the South has officially surpassed the East (16,900 units) to become the “hot” area in the current market in HCM City.

The southern market has risen to take the lead in total number of apartments and increase in supply in HCMC.

Potential has been seen leading to super projects sprouting up a lot

CBRE evaluated in the last 3 years, especially in the last period of 2016 to present. Not only the big men in the country but also the real estate corporations from abroad also recognize the great potential of the South. So they have the cooperation in time to create outstanding products for the South.

Typically for these projects is an apartment area of ​​VND70 million / sqm of Phu My Hung development. Recently launched and received many orders.

More recently, Sanyo Homes, a 50-year-old real estate developer, has come to Japan. Set foot in the South with the cooperation with Tien Phat to project the Ascent Lakeside apartment.

This project owns 217 Nguyen Van Linh Street frontage. In particular, the structure of the product is very diverse with apartment, garden house, penhouse, officetel, … Selling price is about VND38 million/ sqm (VAT). The project will be contracted by HBC and is expected to be launched in February.

In addition, there may be new projects in the South such as Moi Corporation with Dream River Riverside Project; DRH recently announced its DRH Aurora project in District 8.

Hung Phat Real Estate Company recently announced the project is The Green Star (Pham Huu Street, Phu My Hung, District 7). The unit said it would put the project on the market this year.

In addition, many other great men have also rushed to acquire their own land fund in the South to prepare for their projects. As Kien A Group, Phu Long, VinaCapital, Hoan Cau, Duc Long Gia Lai … Besides, these big men have started to deploy the project to be able to catch the market wave in the next few years.

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Observed, in the South now there are many large appearances from foreign countries. They implement the project themselves or most of the cooperation is a Vietnamese business to create outstanding projects in the market.

Assessing the potential of the South in the coming years, Chau said. Real estate market in Saigon South will be invested more infrastructure and remove traffic jams this year. From a perspective, the president of HCMC Real Estate Association confirmed. Real estate market in this area will still have the fastest growth in the city and will be the hot spot of real estate in HCMC.

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