The specific mechanism has just been approved by the National Assembly. HCMC has more capital and more open mechanisms to invest in transport infrastructure development. Saigon South will become the focus of investment in a series of billion projects.
At the beginning of this trend, the wave of real estate in this area continues to be vibrant and become the center of the market.
From the beginning of 2018, Sai Gon South will be built with many key roads connected to the city center, such as Huynh Tan Phat street, which will be connected with the main street of Nguyen Van Linh, District 7. Thu Thiem 4 bridge Project has a budget of VND5,200 billion, linking from Nguyen Van Linh to Thu Thiem Urban Area, connecting the two most exciting areas of the real estate market.
There are also a series of key projects with a total investment capital of nearly $ 5 billion, connecting the South with the city center as the fourth metro project with a total investment capital of VND97 trillion connecting District 7, Raft with center. The tunnel, overpass at Nguyen Van Linh – Nguyen Huu Tho crossroad has started with capital of VND2,600 billion. Besides, Rach Gia Dam Bridge, Long Kieng Bridge on Le Van Luong Street will commence in June, 2018.
Saigon South also has projects to build Nguyen Khoai Bridge from District 4 through District 7, Phuoc Khanh Bridge connecting Saigon South with Nhon Trach (Dong Nai). The Phu Thuan Road, connecting from the Mui Den District to the Phu My Hung, is the main arterial road that motivates the development of the area.
Leaders of Department of Transport HCM City said that Can Gio bridge is in the design stage, in the near future will replace Binh Khanh ferry across the Soai Rap river, connecting Nha Be district and Can Gio district.
The “rippling” of Saigon South’s infrastructure is dragging the wave of real estate projects in the recent times, turning the area into the “hot” real estate market. The number of projects and the value of housing increased day by day.
Some “real estate” after a period of land has begun to launch large scale projects. For example, Hung Loc Phat is planning to release the blockbuster “The Green Star” (Pham Huu Lau, Phu My Hung, District 7) with 100 townhouses and 1,000 commercial apartments. The whole project is built in closed compound standard with about 7,000 sqm of park land and 4,000 sqmof landscape lakes.
“Although not officially opened, but 100 villas, the town has been ordered by customers, because this is a rare street product in Phu My Hung area.The Green Star also has low construction density to protect. To ensure the green and cool space, “said Mr. Nguyen Du Luc, Chairman of Hung Phat Management Board.
Duong Tuan Tu, Chairman of Tuan Long Company, said that businesses are selling Green Life, including 100 townhouses with an area of 80m2 (5 x 16) each. The selling price per floor is VND22 million / sqm. With the idea of planning a neighborhood designed for residents who want a luxurious living environment, the developer has designed Green Life as a high-end residential neighborhood. Being approved by the People’s Committee of Nha Be district, the total plan is oriented as low-rise residential area.
Green Life is located in the southern part of the city, which is synchronously connected to the transportation system in the area. Functional planning of the whole area: the complex consists of low-rise buildings – commercial area – parks – kindergartens – sports grounds – internal roads.
A large real estate business is also set to open about 4,000 high-end apartments in the street of Dao Tri (District 7). This is a busy area, attracting many investors by owning the Nha Be River frontage. In the near future, when Dao Tri street is completed, the value of real estate in this area will increase rapidly.
There are hundreds of large and small real estate projects that have landed in Saigon South within the last few years. In the last month alone, more than 10 projects were offered. The attraction of this area makes most investors want to “fold”. Real estate is no longer reserved for big names like Phu My Hung, Novaland, Hung Thinh.
“The development of infrastructure will also trigger stronger real estate boom in the coming time in the South Saigon area.” In this trend, big land bankers will have many advantages. And investors will quickly “catch” the value of the product on a rising, “real estate expert Nguyen Ngoc Vinh said.
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