Is Real Estate Market In District 2 Ho Chi Minh City Potential?

District 2 is a district of Ho Chi Minh City, has Thu Thiem urbanization which is new financial and trade center of Ho Chi Minh City in the near future.

This is one of five districts located in the North East of Ho Chi Minh City.

The north is adjacent Thu Duc District.

The South is separated from District 7 by Saigon River, and separated from Nhon Trach, Dong Nai Province by Nha Be River.

The West is separated Binh Thanh District, District 1 and District 4 by the Saigon River from north to south in turn.

The east is adjacent District 9.

District 2 becomes the focus of HCMC real estate market

In recent years, District 2 has become the focus of HCMC real estate market. A number of infrastructure projects have been completed and under construction such as the expanded Ha Noi Highway, Saigon 2 Bridge, Phu My Bridge, East-West Boulevard, Thu Thiem Tunnel and Metro Line, which have brought a whole new look to this area. Infrastructure projects help to link traffic between District 2 and central areas and other districts.

Real Estate Market

Location map of District 2

Infrastructure and social facilities improve the performance in District 2.

The strong development of infrastructure and social facilities has contributed to the remarkable improvement of the performance of the apartment segment in District 2. The purchasing rate has continuously increased. It is also much higher than the overall one in HCMC. The number of transactions has also increased significantly compared with in other districts.

District 2 owns many high-end and modern apartment projects.

Thanks to its favorable geographical position and a fresh airy environment, District 2 has attracted many domestic and foreign investors, then forming many high-end apartment projects. Because the downtown areas are increasingly “crowded”, a lack of green spaces, environmental pollution, and noise pollution, which have kept the lives of residents in the state of tension, fatigue, and pollution, residents tend to look for fresh and spacious places, being in harmony with nature and quiet spaces. This is the reason why investors choose District 2 for their project.

There are some high-end apartment projects in District 2:

La Astoria 1 is being handed over: This is the apartment project invested by An Gia Hung Investment Joint Stock Company. The project is located on Nguyen Duy Trinh Street, Binh Trung Dong Ward, District 2. It was built in a total floor area of nearly 26,500 square meters on the land area of 6,896.5 square meters. Its location is in an area close to nature, has many rivers to bring the cool and airy space to residents.

Masteri Thao Dien is being handed over: the project is located in the center of Thao Dien District 2, on the Hanoi Highway frontage. It is situated in a prime location in the new city center planning with convenient traffic that blends modern rhythms with the green living space.

The Krista is being handed over: This is a residential project for young families invested by Singapore’s CapitaLand and Khang Dien Group. This project is considered as a superior project compared with the same segment in District 2, HCMC.

Most of the high-end apartments are located in District 2 because of its prime location and well-planned infrastructure. Grade A and B projects have accounted for 75% of the total number of projects in the region. Thanks to a variety of internal and external facilities, high-end projects are favored by a group of high intellectuals and foreigners.

This contributes to increase the value of real estate as well as bring high business performance to District 2.

District 2 becomes highlights and impresses due to Thu Thiem new urban area:

Thu Thiem New Urban Area is one of the key attractions of District 2. The urban area of nearly 700 hectares includes residential areas, swimming pools, parks, offices and various facilities. Thu Thiem New Urban Area is expected to become the economic, financial and social center of Ho Chi Minh City in the next 5 to 10 years. It plays an important role in the development of the city and the Southern Key Economic Zone (SKEZ).

The development of Thu Thiem will strengthen the position of District 2 and strongly promote the development of the housing market in the district, especially the apartment segment for sale.

Real Estate Market

Thu Thiem new urban area

District 2 becomes an important development center of Ho Chi Minh City:

The advantages of urban planning, community and infrastructure have made district 2 become an important development center of Ho Chi Minh City and be the choice that makes investors and residents consider investing or purchasing. From 2014 to 2017, District 2 is expected to bring in the property market about 9,200 apartments, and reach the highest level in the city.

With its strengths, District 2 is confident to be one of the potential real estate areas in Ho Chi Minh.

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