The housing market in Distric 2 is cheap and full potential

In this article, Realestatevietnam will share with potential readers the investment in District 12 housing as well as information on District 12 land prices and other considerations when investing in real estate in this area.

Beside the development of real estate in the east of Saigon as District 2, District 9, the coastal areas such as District 12, Hoc Mon … are also becoming increasingly active with increasing transaction volume. Particularly, District 12 is becoming more and more busy and is one of the places where middle-income and low-income people go home to make a living. However, the price land in District 12 is cheaper than other areas and the only cause that makes this property attractive?

In times of high prices and land is like gold today, the price of District 12 is still considered quite “soft” compared to many other areas. However, besides the cheap factor, District 12’s real estate still has other bright spots that make the area more attractive to many investors such as:

• Infrastructure is more and more complete: Although the distance is quite far from the center of District 1, District 3, but the infrastructure and traffic in District 12 are more and more complete and more favorable for the movement of residents. In particular, when Metro is completed, District 12 will be the terminus linking with Ben Thanh Market, District 1. This will increase the real estate market by at least 10%.
• District 12 is still in the planning process. This gives middle-income people the opportunity to own a spacious house in this area.
• Many large projects are being implemented with prestigious investors and products ranging from villas, high-end apartments to low-cost apartments … suitable for many purposes and different segments from renting, buying to live or invest, …

Some outstanding projects worth investing in District 12

There are many outstanding projects in District 12

Thoi An residential area

• Area: 15 ha
• Construction density: 25%
• Products: villas, townhouses, apartments
• Reference price: from VND9 million / sqm

Thoi An Residential Area is currently one of the outstanding projects in District 12 to serve the needs of the people. With a variety of real estate products ranging from villas, townhouses to apartments, apartments, .. the price is very affordable, low construction density with the landscape green trees. This is an extremely affordable option for those who are intending to live in this area.

Hiep Thanh residential area

• Area: 12.55 ha
• Reference price: VND11-12 million / square meter
• Utilities: schools, vocational schools, universities, hospitals, sports and administrative centers and especially adjacent to Quang Trung Software Park.
• Easy conversation: Hiep Thanh City residents can move to downtown districts only 20 – 25 minutes.

Hung Ngan Garden apartment

• Area: 30000 square meters
• Scale: 4 towers with 22 floors
• Reference price: from VND10 million / square meter
• Living utilities: commercial center with 24 storehouse on the ground floor, convenient traffic location, knowledgeable residents, …

The average price of land in District 12 today

District 12 has great potential for future development

According to the land price list in 2017, the land price in district 12 under the land price index ranges from VND 1.7-8.7 thousand / sqm.

• The highest price is at Truong Chinh street (VND8,700 million / sqm), Nguyen Anh Thu (VND 7,000 million / sqm), Phan Van Hon (VND 7,400 million / sqm), Nguyen Van Qua (VND 5,700 million / sqm) …
• The lowest price is at Bui Cong Trung, Bui Van Ngu, Dinh Giao Khuc, Thanh Xuan, Thanh Loc, Hiep Thanh.
• Project land prices range from VND 7 to 14 million / sqm depending on area and project. For example, the residential area of ​​Ha Do Thoi An, Le Thi Rieng street, selling price from VND 10-13 million / sqm, including VAT depending on the townhouse or villas.

The price is taken from the land price list of the People’s Committee of Ho Chi Minh City and issued in conjunction with Decision No. 51/2014 / QD-UBND on 31/12/2014 and applied until 2019. However, in reality, the price of land will depend on and fluctuate in many other factors such as location, form of real estate, status of planning, market, …

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