LAND PLOTS OF DISTRICT 9 INHERIT FROM BILLION DOLLARS PROJECTS

Located at the gateway to the East of Ho Chi Minh City, the transportation system is constantly developing, many billion projects are invested in this area… district 9, in particular, is the first choice of investors by the utility for life as well as the potential for future value added.

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Upgrading infrastructure

Located in the development strategy of the East of the city, District 9 is considered as a great potential area with a system of non-stop development. In addition to Ho Chi Minh City-Long Thanh – Dau Giay expressway, a number of key transport infrastructure projects have been implemented such as Belt 2, Ring 3, Monorail Thu Thiem – Long Thanh International Airport…

A land plot in District 9 is being offered for sale

Especially, the Ben Thanh – Suoi Tien metro and bridges connecting District 9 with Nhon Trach once completed will make it easy to connect to the city center, Long Thanh International Airport and neighboring provinces. In addition, the city has invested thousands of billions of dong to upgrade and expand major transportation routes such as Nguyen Xien, Lo Lu, Do Xuan Hop, Phu Huu Bridge, Tang Long Bridge… contributing to reducing traffic pressure for the area. This helps to speed up the movement of goods. This is the key factor promoting the real estate market in District 9 increasingly developed and added value rapidly.

Along with the explosion of transport infrastructure, District 9 is also a “bright spot” when it continuously attracts the world’s leading corporations from Japan, Korea, France, USA… to pour capital in. Typically, the two tech giants Intel and Samsung invest billions of dollars in high-tech zones, Ascendas Group and Saigon Bund Capital Partners invest $ 130 million to build the 12-hectare Saigon OneHup complex or Group Allied Telesis INC and Quantus Corporation invest $ 500 million into the Health-Commerce complex.

Land prices will rise sharply

Before the potential of real estate in District 9, many investors did not mind to pay big to meet the housing demand of professionals, engineers, businessmen… are working in high technology zone. In particular, the legal land area is always welcomed by the investors.

illustration

In fact, in the area of Long Truong and Long Phuoc wards, the price is about VND 17-27 million/ sm. Near the intersection, the highway, the metro route is priced at 30-45 million/ sm, up slightly compared to the time when the investor opened for sale. Some land projects located in Lo Lu, Nguyen Xien … also increased significantly in price compared to the past when the information developed into a new administrative center of District 9 and located near the project of VinCity is preparing its deployment. The river view projects are also increasing in price due to the nature of the resort, the ecology of the project.

Explaining the attractiveness of the land in District 9, General Director of Nam Phat Investment Consulting Company, Nguyen Mac Hoai Nam said that big investors and large corporations are moving to the outskirts to develop urban scale projects. The great advances of these giants have made the housing prices in the coastal go up&down continually.

In addition, the transportation system connecting the center to the coastal areas has been improved. When the distance is no longer a psychological barrier, the area with more reasonable prices closer to the center becomes the bright spot of the market.

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