According to the real estate market in Ho Chi Minh City, the closer the property is to the hospital, the greater the value. However, medical real estate has the potential to make a profit from rent but investors have less chance of scarce supply.
Situation of the real estate market near the hospital
The closer the property is to the hospital, the greater the value of real estate in the real estate market in Ho Chi Minh City. Housing prices in Ho Chi Minh City Cancer Hospital and Gia Dinh People’s Hospital have popular prices ranging from VND200 to 220 million /sqm. However, the location is far from the hospital, the price is reduced to about VND150 million/ sqm.
The price of land opposite Binh Dan Hospital on Dien Bien Phu street is higher. Transaction prices reached nearly VND370 million/ sqm. Meanwhile, housing prices are also on the Dien Bien Phu road but away from the hospital, the price is only about VND180 – 250 million/ sqm.
Besides, the position opposite Cho Ray Hospital District 5 is also about VND330 million/sqm. However, the further away from the hospital, the lower the price is from VND 250 million to 300 million / sqm.
In summary, real estate opposite or near the hospital is always 30 to 40% higher than the price in the area. This can be explained by the fact that around large hospitals, the demand for medical examination and treatment is increasing as well as the need to use other services such as pharmacy, clinic, medical equipment, hotel, restaurant, …. So the price of housing near the hospital, the higher the price. Particularly, real estate properties that meet business needs such as rental clinics, pharmacies or medical equipment shops are also relatively affordable because of the demand for business in this area.
Potential but the market is scarce
Large and well-known hospitals that attract many visitors nowadays are almost in populated areas. Therefore, the surrounding land fund is no longer sufficient to develop real estate to meet the needs of investors. So it is no coincidence that the value of medical real estate becomes expensive and attracts many investors. Medical real estate has the potential to benefit from rent as well as the possibility of good price increases as it is in the infrastructure, transport and development. But one problem is that affordable and affordable properties in the immediate vicinity of the hospital are often cramped and degraded, failing to meet the criteria. The larger real estate, which meets the need to use the price is too high, limit the liquidity of investment products.
Hospital Cancer Basis 2 and investment potential after completion
According to the information that Rever new update, in the next few years in the province of Ho Chi Minh City only one hospital group A Hospital Grade 2 facility completed and put into operation. As progress is being made, the second facility is in the process of completing the final items to be ready for operation in the second quarter of 2019. The project is currently completing the raw construction items and finishing works. This is one of the largest hospitals in Ho Chi Minh City with about 1,000 beds and the best modern equipment in Southeast Asia.
The large number of hospital beds in the hospital will meet the number of patients and visitors daily visit here, avoid severe overcrowding such as the current cancer hospital.
In addition, the Grade 2 Cancer Hospital also has convenient transportation because it is located at the end of Ben Thanh – Suoi Tien metro station and right next to the bus station in the East. Therefore, the need for medical examination and treatment at the hospital is very convenient.
The emergence of Tumor Cancer Hospital 2 along with a host of new infrastructure systems will turn this place into a hot spot for real estate investment.
Investment opportunities for customers interested in medical real estate
Symbio Garden is a prime location property opposite Hospital Cancer Foundation 2. It only takes a few minutes to move from the Symbio Garden project to the new Eastern Bus Terminal and the Ben Thanh – Suoi Tien metro line.
The Symbio Garden project was built on an area of 3.74 ha and construction density was only 37%. The 139-storey Symphony Hall, the only commercial property and medical service complex, is the only project to be built for the Secondary Cancer Hospital.
The shophouse is designed to be symbiotic – resonate with the hospital Cancer base 2. Symbio Garden is ideally designed to open 5-star health clinics, high-class pharmacies, health stores as well as other medical services. Patients or family members while waiting for medical treatment can use the facilities to relax and relax in high-class space such as detox restaurant, cafe, convenience store ….
Some general information:
– Project Name: Symbio Garden (former Metro Valley)
– Investor: East Saigon Company
– Location: Front Street D400, Tan Phu Ward, District 9
– Area: 90 – 120 sqm.
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