Many explorations show that the amount of capital poured into Eastern real estate market of HCM City is increasing rapidly. Not only international organizations, individual investors are also very interested in the potential development of the real estate market in the East of the city.
East area – the destination of large investors
According to the General Statistics Office (GSO), in June 2016, foreign direct investment (FDI) inflows into Vietnam continues to grow, with real estate sector ranked second with 29 new investment projects, total new investment capital and increased by $ 1.22 billion, accounting for 8.9% of total registered capital. In Ho Chi Minh City, the market witnessed foreign investors focus on capital in the East of the city, prominent as the joint venture Lotte Group (Korea) and Mitsubishi Corporation (Japan) has just poured into Thu Thiem 2.2 billion USD. US-based Cantor Fitzgerald, Weidner Resorts and Steelman Partners also revealed plans to push the scale of the investment much larger than originally planned for Thu Thiem.
Also in the Eastern Area, the Metro line 1 Ben Thanh – Suoi Tien is accelerating, Rach Chiec 2 bridge is accessible through technical vehicles, Long Thanh – Dau Giay Expressway through the whole route… In the near future, Fulbright University (FUV) of the United States and the HUTECH Institute of High Technology will put into operation a wave of high-level labor. Thu Thiem Urban will also be a new financial and cultural center of Ho Chi Minh City, certainly attracting many people to settle, work and visit the area.
Next to the big investors looking for capacity in the East
With the strong foreign investments, infrastructure development, and more positive information from the results of the TPP and other trade agreements, individual customers are also “zealous” to hunt for Eastern property. From the beginning of the year to now, small investors tend to spend heavily on the East, in the style of wholesale – from 2-3 apartments at a time, to meet the housing demand of foreign experts, cadres, technology engineers… will come to the East to live and to work in the future. In addition to the demand for investment apartments, guests also pay attention to offices, shops in the multi-functional areas. As reported, The Sun Avenue – a complex project in front of Mai Chi Tho (District 2), has the lucrative potential in many segments, the purchase in pair “apartment and Office-tel” or “Office-tel and commercial plot” are simultaneously appearing quite popular among buyers.
You are reading the article “People Like To Buy Wholesale In The East Of HCMC” in the section “Real Estate News” on the website: https://realestatevietnam.com.vn/.
All information sharing, feedback please email to firstname.lastname@example.org, Hotline 0909 890 897 (24/7).
Thank you for visiting our website!