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Many Project Are On The Way To Hiep Phuoc Industrial Park

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Dozens of high-end and mid-range real estate projects are on the rise in Nguyen Huu Tho Street, District 7, Ho Chi Minh City. The infrastructure is strongly invested to pull the real estate here.

In the past, the Saigon South real estate market experienced a dramatic boom thanks to the large-scale investment projects that created a strong momentum for the development of the area, typically Phu My Hung urban area.

For the past two years, investors have paid more attention to the Saigon East market. However, in the coming years, HCM City will spend nearly $ 10 billion to build urban areas to the east, south and northwest of Cu Chi.

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The first project is Kenton Residences, which was invested by Tai Nguyen Construction Trading and Manufacturing Co., Ltd., has been overshadowed for six years.

In particular, HCM City is focusing on building the South with the policy of moving houses along the canals and relaxing the satellite towns. In Saigon South, HCM City clearly defined the development corridor as Nguyen Huu Tho. As a result, real estate projects are gathering here.

Currently, along with Nguyen Huu Tho, there are many real estate projects being deployed to catch up with typical infrastructure such as Hung Phat Silver Star, Park Vista, The Park Residence, Dragon Hill 2, Lavila…

This project has 9 buildings with 1,640 apartments. Total investment is $ 300 million and is expected to be completed in 2011 but so far only gray concrete blocks.

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Novaland is also rapidly emerging with the Sunrise Riverside project.

Besides, the ring road parallel to Nguyen Huu Tho street is also expected to start construction later this year to share the burden of infrastructure with Nguyen Huu Tho. The first point will connect with Nguyen Van Linh Street and connect to Nguyen Khoai Street in District 4.

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