Two-way underground tunnel at the An Phu traffic junction of HCMC People’s Committee immediately makes Palm City “hot” than ever because this is a large beneficiary project from the transport infrastructure planning.
When the two-way tunnel with the total investment capital of more than 1000 billion at the An Phu intersection will be put into use in the future, surely many real estate projects in East Saigon will benefit greatly, Sale of apartments in this area increased and contributed to opening up great investment opportunities. One of the apartments projects is expected to strongly increase from this proposal can not mention that Palm City project – the most beautiful urban area in Nam Rach Chiec District 2.
According to the latest report and analysis, only in December 2016, average land prices for many roads located in districts 2, 9 and Thu Duc in the east of Saigon escalated thank to benefit from infrastructure. The popular increase is about 5-10%, the highest up to over 40% over the same period in 2015. This shows that the East Saigon has not cooled down.
Investing more than VND 1,000 billion to build An Phu intersection with 2-way tunnel
Ho Chi Minh City People’s Committee has proposed to the Ministry of Transport to unify the scale of construction at the An Phu intersection, District 2 phase complete and construction investment phases.
It is known that the total investment capital is expected to be VND 1,036.7 billion, deducted from the surplus capital of Ho Chi Minh City – Long Thanh – Dau Giay expressway project. With the new construction at the An Phu traffic, this will significantly reduce traffic jams.
Under the investment plan, the project will be divided into two phases, including:
- Stage 1: Construction of two-way underground tunnel with 4 lanes, connecting Ho Chi Minh City – Long Thanh – Dau Giay expressway with Mai Chi Tho road toward Sai Gon crossing tunnel and vice versa with total investment capital estimated of VND 1,036.7 billion.
- Stage 2: Investing completely the intersection on the approved scale.
In addition, Ho Chi Minh City People’s Committee suggested the Ministry of Transport unify the city to appraise and approve the project at the intersection of An Phu, stage 1 and hand over the project file to the Development Investment Corporation The Viet Nam Expressway (VEC). They will carry out further investment with extra funds from the Ho Chi Minh City – Long Thanh – Dau Giay Expressway project.
According to the proposal of the People’s Committee of Ho Chi Minh City, the basement of the intersection will arrange two-way underground tunnel which connects Ho Chi Minh City – Long Thanh – Dau Giay Expressway with Mai Chi Tho Road towards the tunnel crossing the Saigon River and vice versa.
Floors 1 (Floating) will be arranged over Mai Chi Tho street in the direction of connecting two ways between Ho Chi Minh City – Long Thanh – Dau Giay Expressway and Luong Dinh Cua.
At that time, the rail line Long Thanh – Thu Thiem and Ho Chi Minh City – Nha Trang railway will go high which crosses Mai Chi Tho street to Thu Thiem station.
The Palm Heights – Palm City apartment project benefits greatly, opening up great investment opportunities
Synchronous infrastructure planning, expanded and convenient roads will lead to a potential increase in the price of real estate in the surrounding area. This tendency is considered indispensable because where the paved road is, the price of housing will increase. Many real estate experts consider real estate projects in the East Saigon area, especially adjacent to the planned routes will benefit from the potential for price increases.
One of the real estate projects benefiting from the two-way tunnel is Palm City’s Keppel Land, which is currently opened for sale at attractive prices from VND 29 million / sqm (rough allocation) and VND 33 million / sqm (delivery of basic interior decoration).
The Palm City project is located on an area of over 30 hectares in width and 2.7km in length which is next to Giong Ong To and Muong Kinh rivers. The project is located at the beginning of the An Phu – Song Hanh Expressway District 2 and is adjacent to the two-way underground tunnel planning area which has been reviewed by the People’s Committee of Ho Chi Minh City. With this extremely prime location, Palm Heights – Palm City’s future apartment prices will probably increase significantly. In particular, this is also considered as a prominent and attractive project of 2016 thanks to the brand names of three “big names” of real estate: Keppel Land and Alliance Tien Phuoc – Tran Thai.
In addition to the available transportation advantages, some of the major roads running through the Palm Heights – Palm City project area are being implemented by the People’s Committee of District 2 which will create a potential value of investment thanks to it owns a prime location like Palm City.
Certainly, quick and smart investors can not ignore the attractive investment opportunities at Palm Heights – Palm City. In addition, people are looking for a classy, convenient transportation who should not miss the opportunity to own modern design apartment with the synchronous facilities. And it is convenience to move to the neighboring provinces, it’s easy to quickly get to the inner city like Palm City.
Overview of Palm Heights in Palm City Planning:
After finishing the project in September 2019, the Palm Heights luxury apartment will provide 816 apartments for the real estate market. Of which there are 538 apartments with 2 bedrooms and 278 apartments with 3 bedrooms. At each tower, there will be 3 lifts, including 2 passenger lifts and 1 cargo lift.
Built on a duplex with low-density, eight apartment on the floor building, each apartment of Palm Heights has the area of 76 to 123 sqm. In addition, 100% of the apartments have spacious balconies, drying yards and hot and cold areas.
- Land area: 1.68 ha
- Number of blocks: 3
- Number of floors: 35 floors, common basement
- Type of apartment: 538 apartments with 2 bedroom,s 278 apartments with 3 bedrooms
- Apartment area: 2 bedrooms from 76 – 85sqm, 3 bedrooms from 105 – 132sqm
- Construction density: 8 apartments / floor
- The total number of apartments: 816 units.
- Number of elevator: 3 lifts / building. Elevators passenger transport 1.6m (horizontal) x 1.4m (deep). Cargo lifts of 1.6m (horizontal) x 2.1m (deep).
- Green density: 77.3%
- Delivery time: Quarter 2 of 2019.
- Management fee: VND 12,000 / sqm / month (excluding VAT). Fees may change from year 2 onwards.
Payment schedule expected Palm Heights apartment area:
Deposit contract (10/2016): 10%
- Sign sales contract (5/2017): 10%
- Payment schedule is only 1% per month. Pay 50% off before handover
- Get home: 45% (second quarter of 2019)
- Get pink book: 5%
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