More Than Half A Billon Dong Per Square Meter Of ‘Wall Street’ Land In Saigon

Gachvang Co., Ltd has just released the latest report on land prices of famous financial and securities routes in District 1, HCM City up to mid-November 2016. The “Wall Street” of Saigon includes streets located near or intersected: Nam Ky Khoi Nghia, Nguyen Cong Tru, Pho Duc Chinh, Ho Tung Mau, Ham Nghi, Vo Van Kiet.

Within a few hundred meters of this area, many of the headquarters of the finance and securities industry is closed. The most prominent is the Ho Chi Minh City Stock Exchange, the State Bank of Ho Chi Minh City Branch, a series of large commercial banks and securities companies nationwide.

Read more: Vietnam Real Estate News

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If the land of Nam Ky Khoi Nghia street is worth more than half a billion dong/sqm, the remaining roads of financial street securities are also equally expensive. The following positions were Ho Tung Mau (VND 455.6 million / sqm), Ham Nghi (VND 415.9 million/sqm), Nguyen Cong Tru (VND 305.4 million/sqm), Pho Duc Chinh (VND 265 million/sqm). Vo Van Kiet ranked the last group with the average transaction price of VND 140 million /sqm.

In addition, this unit also provides for the price movements of these lines based on the average price and comparison method from the second quarter to the third quarter 2016. Accordingly, Nam Ky Khoi Nghia has the strongest increase in Wall Street with 23.4% increase in 6 months. Next, Nguyen Cong Tru noted that land prices on this route have increased by 15.9% in half a year. Meanwhile, the price of the remaining streets of Wall Street such as Ho Tung Mau, Ham Nghi, Pho Duc Chinh and Vo Van Kiet has a slight increase or decrease of less than 1%.

According to the unit, compared to the boom years of 2005-2007, the Wall Street name is now half the size of the financial and banking sector because of its busy performance. Securities companies in this area have grown significantly. However, the commercial function: office, retail, food on this route. It is still very exciting because it is located in prime location in the old central core area of Saigon. Wall Street is about three minutes from Ho Chi Minh City’s People’s Committee and Ben Thanh Market and the prestigious Nguyen Hue, Dong Khoi and Le Loi streets.

Gachvang is a company that studies land price data for more than 70,000 routes in 63 provinces across the country based on algorithms and interactions of over 2 million searches per month.

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