Is It Okay When Buying The New City Apartment In District 2?

Although it was planned in 2003 through the prestigious design competition in the world, it was not until the Thu Thiem Bridge has allowed the traffic since 2008 and especially, after the inauguration of the tunnel in the Saigon River in November 2011 (Thu Thiem Tunnel), the “East Town” real estate started to heat up.

With the advantages of geographical location such as only far from the center of District 1 across the Saigon River 300m, green trees and water making up 50% of the area, the eastern gateway. It has been combined with being planned to become a model urban area, reduce the load to District 1, add functions and works for social welfare that the center has not.

At present, the segment of District 2 apartment market in Thu Thiem urban area is getting hot with the presence of famous names such as: Sala – Dai Quang Minh, Empire City, Lakeview Thu Thiem, Marina Bay Thu Thiem, Eco Smart City, The Sun Avenue (Novaland) … with selling price ranging from $2,500 to $3,180/sqm. In addition to the completion of Sala Thu Thiem, the other projects are being completed the transport infrastructure, which brings the large supply of high-grade apartments for those who want to settle down and invest in this area.

We will review our perception of the location and the price of the New City apartment with the desire to help our customers have more information and understand about the project so that they have the right choice in the following article.

Location of New City apartment in District 2

The New City project is located in front of Mai Chi Tho Boulevard between the big canals of Ca Tre Lon and Ca Tre Be. Although the starting point is a resettlement area, the New City project is designed to separate from the location with sufficient high-end facilities for residents. This project is considered owning the golden location surrounded by the large projects such as The Sun Avenue (Novaland), Thu Thiem Sala (Dai Quang Minh).

Owing to its prime location, the transportation from New City to other areas is extremely convenient:

– Only 5 minutes moving to District 1: From the project along Mai Chi Tho Avenue through the Saigon River Tunnel (Thu Thiem Tunnel)

– District 4, District 7: go straight by Mai Chi Tho, Thu Thiem tunnel, Calmet Bridge to District 4, straight by Nguyen Tat Thanh to Nguyen Van Linh, District 7. Or you can move along the Dong Van Cong to Vo Chi Cong cross Phu My Bridge to District 7.

In the future, after Thu Thiem 3 Bridge (linking Thu Thiem new urban area to Ton Dan Street in District 4) and Thu Thiem 4 Bridge (connecting Thu Thiem to District 7) are completed, the movement among these areas is quicker and easier.

– Just taking 37 mins to move to “Thao Dien Village” (residential area with many foreigners living) and An Phu – An Khanh luxury urban area.

– Only taking 5 mins to move to Cat Lai intersection to Ha Noi highway, the economic areas in the south, the South East and South West provinces, which is very convenient to the highway such as National Highway 1A, East-West Highway, Nguyen Van Linh Boulevard, Vanh Dai Trong Road, Phu My Bridge, Ho Chi Minh City – Trung Luong Expressway, Long Thanh – Dau Giay Expressway.

The New City is located between the two large canals, opposite the Saigon River (300 meters away), two large parks beside and behind, many trees that resonate with the cool fresh environment of the Thu Thiem area (50% of Thu Thiem area is green and water, which makes the average temperature here lower than the city center 1 degree C), so the environmental quality in the New City project is very good. According to the feeling of the writer when visiting the project, the cool breeze and fresh air seem to be the specialty here.

New City District 2

Overall apartment New City District 2

What are the external utilities of the New City?

The New City is fully equipped with high-end facilities. In addition, with the advantage of location, residents can be easy to access to the facilities in District 1, the high-end urban An Phu – An Khanh, Thao Dien such as Parkson Shopping Center, Vincom Mega Mall, Metro An Phu Supermarket, Australian International School, British International School (BIS), hospitals, District Administrative Center,… When Thu Thiem Urban Area are formed, there will be a series of utilities to serve the life of the residents here.

These factors greatly affect the price of the New City Thu Thiem apartments. The project cost has been about $1,900/sqm, which has been released by Thuan Viet. However, when compared with some projects on the axis of Mai Chi Tho, the price is much lower. Especially the project will be handed over at the end of this year, when putting into operation, the apartment value will be also increased more.

See more news information at: Vietnam Real Estate News

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